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Khaishgi Mohammedulla, a director at IBEX Ltd (NASDAQ:IBEX), recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Mohammedulla sold a total of 70,000 common shares over two days. The transaction comes as IBEX, a company with a market capitalization of $371 million, has seen its stock surge 75% over the past year, significantly outperforming the broader market.
On June 12, he sold 35,000 shares at a weighted average price of $29.6622, with prices ranging from $29.595 to $29.761. The following day, he sold another 35,000 shares at a weighted average price of $28.0756, with transaction prices ranging from $27.46 to $29.355. The total value of these transactions was approximately $2.02 million. InvestingPro analysis shows IBEX trading at an attractive P/E ratio of 13.6, suggesting potential value despite recent price appreciation.
Following these sales, Mohammedulla retains ownership of 7,312 shares in the company. These transactions were conducted under a pre-arranged trading plan, as indicated in the SEC filing. According to InvestingPro’s Fair Value analysis, IBEX appears slightly undervalued at current levels, with 11 additional ProTips available to subscribers covering the company’s financial health, growth prospects, and market position.
In other recent news, IBEX Ltd reported record quarterly revenue of $140.7 million for Q3 2025, marking an 11% increase from the previous year. The company’s adjusted earnings per share (EPS) stood at $0.82, surpassing market expectations and reflecting an 18% increase from the prior year. Alongside these financial results, IBEX raised its full-year revenue guidance to a range of $540-$545 million, indicating a positive outlook for future growth. In personnel news, IBEX appointed Ricky Fields as the Global Head of Business Development for its AI solutions platform, Wave iX, aiming to enhance its market strategy and expand its AI capabilities.
Additionally, Baird analysts recently downgraded IBEX’s stock rating from Outperform to Neutral, setting a price target of $30.00. Despite this downgrade, the analysts maintain a positive view of IBEX’s growth narrative, noting the company’s success in capturing market share in a sector experiencing low single-digit growth. IBEX’s focus on AI solutions and expansion into new markets, such as India, has contributed to its strong quarterly results. The company’s strategic shift towards digital and omnichannel services now accounts for 81% of total revenue. These developments underscore IBEX’s commitment to innovation and its strategic advancements in AI solutions.
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