CENTENNIAL, CO—Evan Lesser, President of ClearanceJobs at DHI Group, Inc. (NYSE:DHX), has sold 3,000 shares of the company's common stock, according to a recent SEC filing. The shares were sold at a price of $2.00 each, totaling $6,000. The transaction comes as DHX shares have surged 17.5% in the past week, with the stock currently trading at $2.18. According to InvestingPro data, the company maintains impressive gross profit margins of 86%.
Following this transaction, Lesser holds 302,590 shares of DHI Group. The sale was conducted under a pre-established Rule 10b5-1 trading plan, which allows insiders to set up a predetermined plan for selling stocks in compliance with insider trading laws. InvestingPro analysis indicates the stock is currently trading at a high earnings multiple, with several additional insights available to subscribers through their comprehensive Pro Research Report, covering over 1,400 US stocks.
In other recent news, DHI Group, Inc. reported mixed financial results for Q3, with a 6% year-over-year decrease in total revenue, amounting to $35.3 million. The company's ClearanceJobs segment saw a revenue increase of 6%, reaching $13.4 million, while Dice, another key segment, experienced a 12% drop in revenue. Amidst these fluctuations, the company announced the departure of CFO Raime Leeby, with Greg Schippers stepping in as the Interim CFO.
Despite a challenging period, DHI Group remains hopeful about a recovery in tech hiring in 2025, aligning with industry growth forecasts. The company anticipates a decline in Q4 bookings and revenue, but expects a recovery in the tech hiring sector by mid-2025. As part of its strategy, DHI Group is focusing on operational efficiency and leveraging growth in the tech hiring landscape.
These recent developments come amidst a backdrop of a net loss for DHI Group, with a decrease in customers for both ClearanceJobs and Dice. However, the company continues to see growth in the ClearanceJobs segment and is preparing to capitalize on the projected upturn in the tech job market. The company's leadership remains committed to maintaining its financial targets and improving shareholder value as it moves forward into 2025.
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