Ibex Ltd: chief sales officer Casteel sells $8593 in shares

Julie K. Casteel, Chief Sales/Marketing Officer at IBEX Ltd (NASDAQ:IBEX), sold 295 shares of common stock on August 26, 2025, at a price of $29.13, for a total value of $8593. Following the transaction, Casteel directly owns 30,895 shares of the company. The sale comes as IBEX shares have shown remarkable strength, delivering a nearly 99% return over the past year and reaching near its 52-week high of $42.99. According to InvestingPro analysis, the company appears undervalued despite its strong performance.

The sale was executed to cover tax withholding obligations related to the vesting of restricted stock units, according to a footnote in the SEC filing. Notably, while this insider sale was tax-related, InvestingPro data shows management has been actively buying back shares, demonstrating confidence in the company’s prospects. Get access to 15+ additional exclusive ProTips and comprehensive analysis through InvestingPro’s detailed research reports.

In other recent news, IBEX Ltd reported strong financial results for the fourth quarter of 2025, surpassing market expectations. The company achieved an earnings per share of $0.87, exceeding the forecasted $0.70. Additionally, revenue reached $147.1 million, significantly higher than the anticipated $129.21 million. RBC Capital responded to this performance by raising its price target for IBEX to $39.00 from $31.00, while maintaining a Sector Perform rating. This adjustment reflects IBEX’s accelerated revenue growth, which increased by 18% year-over-year. Management has emphasized sustainable growth through existing clients, including geographic expansion with its second-largest client. These developments highlight the company’s recent progress and potential for continued growth.

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