Evan Lesser, President of DHI Group Inc. (NYSE: ClearanceJobs), sold 700 shares of the company’s common stock on January 13, 2025. The shares were sold at a price of $2.25 each, for a total of 1,575 dollars. The transaction comes as DHX shows strong momentum, with shares up more than 26% so far this year and maintaining impressive gross profit margins of 86%. According to InvestingPro analysis, DHX is currently trading below its fair value. Following this transaction, Lesser directly owns 299,590 shares. The sale was conducted under a pre-established Rule 10b5-1 trading plan, which allows insiders to establish a predetermined schedule for the sale of shares to avoid potential conflicts of interest. InvestingPro subscribers can access 10 additional key insights into DHX, including detailed financial health metrics that show the company maintains a “GOOD” overall financial health score.
In other recent news, DHI Group, Inc. announced a major reorganization into two distinct divisions, Dice and ClearanceJobs, with the goal of streamlining operations and delivering better results for shareholders. This restructuring, which will be completed in February 2025, will result in an 8% reduction in workforce and is expected to generate annual cost savings of approximately $4.0 million to $6.0 million. At the same time, DHI Group reported mixed financial results in the third quarter, with total revenue down 6% to $35.3 million, revenue up 6% in the ClearanceJobs segment, and revenue down 12%. in Dice’s income. Amid these changes, CFO Raime Leeby announced his departure and Greg Schippers took over as interim CFO.
In addition to these developments, DHI Group anticipates a rebound in technology hiring in 2025, in line with industry growth forecasts. Despite a net loss of $200,000, compared to a net income of $1 million a year earlier, the company maintains a positive outlook, expecting a decline in fourth-quarter bookings and revenue, but forecasting a recovery in technology hiring by mid-2025. The company’s focus remains on operational efficiency and leveraging growth in the technology hiring landscape, as highlighted by InvestingPro’s analysis. These recent developments reflect DHI Group’s commitment to navigate challenging periods while preparing for future growth opportunities.
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