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, amounting to $1,575. The transaction comes as DHX is showing strong momentum, with the stock up more than 26% year-to-date and maintaining an impressive gross profit margin of 86%. According to InvestingPro analysis, DHX is currently trading below its Fair Value. Following this transaction, Lesser will directly own 299,590 shares. The sale was conducted under a previously established Rule 10b5-1 trading plan, which allows insiders to set up a fixed 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 separate divisions, Dice and ClearanceJobs, aimed at streamlining operations and better delivering results for shareholders. This restructuring, which will 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. At the same time, DHI Group reported mixed Q3 financial results, with a 6% decline in total revenue to $35.3 million, a 6% increase in revenue in the ClearanceJobs segment, and a 12% reduction in Dice revenue. Amid these changes, CFO Raime Leeby announced his departure, with Greg Schippers stepping in as Interim CFO.

In addition to these developments, DHI Group expects a rebound in tech hiring in 2025, which is in line with industry growth forecasts. Despite a net loss of $200,000, compared to a net income of $1 million last year, the company maintains a positive outlook, expecting a decrease in Q4 bookings and revenue but predicts 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 demonstrate DHI Group’s commitment to navigating challenging times while preparing for future growth opportunities.

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