Professional Diversity Network (IPDN) reported second-quarter 2026 revenue of $1.181 million, down 28.0% from $1.641 million a year earlier. The company recorded a net loss from continuing operations of $1.716 million, or $0.15 per basic and diluted share.
IPDN said it completed the divestiture of NAPW Network and IAW, Inc. in July 2026 and reported a continuing-operations working capital deficit of about $0.9 million as of June 30, compared with about $4.0 million at year-end 2025.
- Recruitment services revenue was $581,000, down $300,000 year over year.
- Contracted software development revenue was $526,000, down $142,000 year over year.
- Sales and marketing expense was $339,000, down 31.4% from the prior-year quarter.
- Depreciation and amortization expense was $1.193 million, compared with $41,000 a year earlier.
- Six-month revenue totaled $2.730 million, while the six-month net loss from continuing operations was $3.572 million.
$IPDN Hedge Fund Activity
We have seen 3 institutional investors add shares of $IPDN stock to their portfolio, and 6 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- GEODE CAPITAL MANAGEMENT, LLC added 23,500 shares (+56.5%) to their portfolio in Q2 2026, for an estimated $16,128
- XTX TOPCO LTD removed 15,761 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $18,125
- UBS GROUP AG removed 13,465 shares (-96.2%) from their portfolio in Q2 2026, for an estimated $9,241
- NORTHERN TRUST CORP added 10,099 shares (+87.5%) to their portfolio in Q2 2026, for an estimated $6,930
- CITIGROUP INC removed 1,742 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $2,003
- TOWER RESEARCH CAPITAL LLC (TRC) added 537 shares (+288.7%) to their portfolio in Q2 2026, for an estimated $368
- BANK OF AMERICA CORP /DE/ removed 31 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $35
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
