Director of Ibex Ltd sells over $226k in company shares Via Investing.com

Mohammedulla Khaishgi, a director at IBEX Ltd (NASDAQ: ), sold a significant amount of the company's shares, according to a recent filing with the US Securities and Exchange Commission. The transaction, which took place on September 25 and 26, involved the sale of common stock for a total profit of more than $226,894.

Sales were made on multiple trades within the price range of $20.00 to $20.0347. On September 25, Khaishgi sold 5,871 shares at a weighted average price of $20.0347 and 4,409 shares at an average price of $20.016. The next day, he continued by selling 1,000 shares and 51 shares, both at a price of $20.00 per share.

After this transaction, Khaishgi's direct holding in IBEX Ltd has decreased, but he still retains a significant number of shares directly and indirectly. Indirect funding was generated through his role as a trustee of the Allibhoy Khaishgi Family Foundation.

Investors often look to insiders like these to get information about a company's performance and management's view of the company's value. Although the reasons for Khaishgi's sale were not disclosed, the information provided in the SEC filing allows shareholders to see the details of this transaction.

In other recent news, IBEX Ltd. reported a transformational year marked by a record increase in earnings per share (EPS) to $2.10 and growth in free cash flow to $27 million. Despite a slight decline in annual revenue to $509 million, Q4 revenue showed a year-over-year increase, suggesting a possible return to growth. The company enters fiscal year 2025 with a positive outlook, expecting revenue between $510 million and $525 million and adjusted EBITDA of $67 million to $69 million.

Financial services firm Baird upped their price target on shares of IBEX to $23.00, up from their previous target of $20.00, maintaining an Outperform rating. This adjustment follows a call by IBEX management and is based on the company's potential for revenue growth of 5-7% and EBITDA margins of 15% over time, with artificial intelligence playing a key role in driving these opportunities.

RBC Capital Markets also raised its price target on IBEX from $18 to $20, maintaining a Sector Perform rating. This adjustment follows IBEX's announcement of a return to revenue growth, marking a 1% year-on-year increase in the last quarter. The revised stock price target reflects RBC's confidence in IBEX's strategic direction, which includes focusing on more profitable service areas and implementing advanced technologies.

Baird reaffirmed IBEX's Outperform rating with a firm price target of $20.00, following the company's strong fourth quarter financial results. The company's analysis highlighted that IBEX's revenue, EBITDA, and EPS for the quarter exceeded Wall Street's expectations. These recent developments underline the positive trajectory of IBEX's financial performance.

InvestingPro Insights

In the midst of IBEX Ltd insider trading news, current and potential investors may find the following information from InvestingPro valuable when assessing the company's financial health and stock performance. According to recent data, IBEX Ltd boasts a market capitalization of 334.89 million and trades at a P/E ratio of 10.44, indicating the stock may not always be worth it when considering near-term earnings growth. The company's adjusted P/E ratio for the trailing twelve months leading to Q4 2024 stands at an even lower 9.26, highlighting more favorable earnings for investors.

IBEX Ltd's performance over time has shown strong returns, with a total price return of 25.14% over the past three months and an impressive 37.22% over the past six months. This strong price performance was echoed by InvestingPro Tips, which noted that the company has experienced significant price increases in just over half a year. Additionally, the company's shares are trading near their 52-week high, at 96.84% of the peak.

InvestingPro Tips also suggests that IBEX Ltd trades at a low P/E ratio relative to near-term earnings growth, and the company's cash flow can adequately cover interest payments, which may be an indication of financial stability. For those interested in more details, there are additional tips available from InvestingPro, including analysis of company debt levels, shareholder yield, and profit forecasts.

Overall, although the sale of shares by a company insider may raise questions, the financial metrics and stock performance data provided by InvestingPro can provide a broad view of the company's current position and future outlook. For detailed analysis and tips, which may provide information on investment decisions, potential investors can explore the full range of information available at

This article was created with the support of AI and reviewed by an editor. For more information see our T&C.