Evan Lesser, President of ClearanceJobs at DHI Group Inc. (NYSE:), sold 700 shares of the company’s common stock on January 13, 2025. The shares were sold at a price of $2.25 each, totaling $1,575. The transaction comes as DHX shows strong momentum, with the stock up over 26% year-to-date and maintaining impressive gross profit margins of 86%. According to InvestingPro analysis, DHX is currently trading below its Fair Value. Following this transaction, Lesser holds 299,590 shares directly. The sale was conducted under a pre-established Rule 10b5-1 trading plan, which allows insiders to set up a predetermined schedule for selling stocks to avoid potential conflicts of interest. InvestingPro subscribers can access 10 additional key insights about 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 significant reorganization into two distinct divisions, Dice and ClearanceJobs, aiming to streamline operations and better deliver results for shareholders. This restructuring, to be completed by 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. Concurrently, DHI Group reported mixed Q3 financial results, with a 6% decline in total revenue to $35.3 million, a 6% revenue increase in the ClearanceJobs segment, and a 12% drop in Dice revenue. Amid these changes, CFO Raime Leeby announced her departure, with Greg Schippers stepping in as Interim CFO.
In addition to these developments, DHI Group anticipates a rebound in tech hiring in 2025, aligning with industry growth forecasts. Despite a net loss of $200,000, compared to a net income of $1 million in the previous year, the company maintains a positive outlook, expecting a decline in Q4 bookings and revenue but forecasting a recovery in tech hiring by mid-2025. The company’s focus remains on operational efficiency and leveraging growth in the tech hiring landscape, as highlighted by InvestingPro’s analysis. These recent developments reflect DHI Group’s commitment to navigating challenging periods while preparing for future growth opportunities.
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