New insider activity at Resources Connection ( (RGP) ) has taken place on April 5, 2025.
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In a significant move, President & CEO Kate Duchene has acquired 20,000 shares of Resources Connection stock, investing a total of $102,800. Additionally, Director Roger Carlile has also shown confidence in the company by purchasing 25,000 shares, amounting to an investment of $126,500.
Recent Updates on RGP stock
Resources Connection Inc. recently held its Q3 earnings call, revealing a mixed outlook for the company. The firm reported a revenue of $129.4 million, which aligns with expectations despite facing client budget constraints and slower project ramp-ups. The earnings call highlighted strong international growth, particularly in Europe, Japan, and the Philippines, and improvements in operational efficiency due to technological investments. However, these positives were offset by significant challenges in the US market, including a 24% revenue decline in the on-demand segment and a $42 million non-cash goodwill impairment charge. The US market’s uncertainty and decreased consumer confidence have led to project delays, impacting domestic operations. Despite these challenges, Resources Connection remains focused on strategic initiatives to enhance client offerings and expand in key markets, with a forward-looking guidance for Q4 revenue between $132 million and $137 million. The company’s efforts to improve pricing strategies and deal sizes, along with a focus on higher-value consulting projects, reflect its commitment to navigating the current macroeconomic challenges.
More about Resources Connection
YTD Price Performance: -36.52%
Average Trading Volume: 290,045
Technical Sentiment Signal: Strong Buy
Current Market Cap: $176M