Jeffrey Cox, President of IBEX Digital, a subsidiary of IBEX Ltd (IBEX, Financial), sold 9,383 shares of the company on March 1, 2024, according to a recent SEC filing. The transaction was executed at an average price of $16.05 per share, resulting in a total value of $150,600.15.
Jeffrey Cox has been active in the market over the past year, selling a total of 25,000 shares and making no purchases of IBEX Ltd stock during that period.
IBEX Ltd specializes in providing customer lifecycle management solutions, including customer support, acquisition, and retention services. The company operates through its global network, leveraging technology and analytics to deliver services across various industries.
The insider transaction history for IBEX Ltd indicates a lack of insider purchases over the past year, with 0 total buys. However, there have been 2 insider sells in the same timeframe, suggesting a trend of insider sales.
On the valuation front, IBEX Ltd's shares were trading at $16.05 on the day of the insider's recent sale, giving the company a market cap of $270.607 million. The price-earnings ratio stands at 9.81, which is lower than the industry median of 27.97 and also below the company's historical median price-earnings ratio.
Considering the current share price and the GuruFocus Value of $19.69, IBEX Ltd has a price-to-GF-Value ratio of 0.82, indicating that the stock is Modestly Undervalued according to GuruFocus's intrinsic value estimate. The GF Value is determined by historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
The recent insider sell by Jeffrey Cox may provide investors with additional data points to consider when evaluating their positions in IBEX Ltd.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
