IBEX Limited (NASDAQ:IBEX) Director Shuja Keen Sells 17,000 Shares

IBEX Limited (NASDAQ:IBEX) Director Shuja Keen sold 17,000 shares at an average price of $0.27, totaling $4,590.00, resulting in a 19.29% decrease in his ownership. Post-sale, he holds 71,110 shares valued at approximately $441,399.70. This transaction was disclosed to the SEC. Recently, Keen also sold 6,086 shares at $0.46. IBEX shares opened at $0.07, with a market cap of $47 million and a P/E ratio of 10.62. Institutional investors own 81.24% of the stock, and analysts rate it as a "Moderate Buy" with an average target price of $0.25.

IBEX Limited (NASDAQ:IBEX - Get Free Report) Director Shuja Keen sold 17,000 shares of the company's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $20.27, for a total value of $344,590.00. Following the completion of the sale, the director now directly owns 71,110 shares in the company, valued at approximately $1,441,399.70. The trade was a 19.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shuja Keen also recently made the following trade(s):

On Monday, September 16th, Shuja Keen sold 6,086 shares of IBEX stock. The stock was sold at an average price of $20.46, for a total value of $124,519.56.

IBEX Price Performance

Shares of NASDAQ:IBEX opened at $20.07 on Friday. The company has a market cap of $336.47 million, a P/E ratio of 10.62 and a beta of 0.80. IBEX Limited has a 1 year low of $13.00 and a 1 year high of $21.63. The stock's fifty day moving average price is $19.48 and its 200-day moving average price is $17.81.

IBEX (NASDAQ:IBEX - Get Free Report) last announced its quarterly earnings results on Thursday, September 12th. The company reported $0.54 earnings per share (EPS) for the quarter. The firm had revenue of $124.53 million for the quarter. IBEX had a return on equity of 22.54% and a net margin of 6.57%.

Institutional Inflows and Outflows

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A number of hedge funds and other institutional investors have recently modified their holdings of IBEX. Quadrature Capital Ltd bought a new position in IBEX in the third quarter valued at about $522,000. Victory Capital Management Inc. lifted its holdings in IBEX by 6.2% in the third quarter. Victory Capital Management Inc. now owns 58,657 shares of the company's stock valued at $1,172,000 after acquiring an additional 3,450 shares during the period. American Century Companies Inc. lifted its holdings in IBEX by 4.3% in the second quarter. American Century Companies Inc. now owns 1,338,863 shares of the company's stock valued at $21,663,000 after acquiring an additional 55,216 shares during the period. Walleye Capital LLC bought a new position in IBEX in the third quarter valued at about $556,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in IBEX by 6.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 32,607 shares of the company's stock valued at $528,000 after acquiring an additional 1,874 shares during the period. 81.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Royal Bank of Canada upped their price target on IBEX from $18.00 to $20.00 and gave the stock a "sector perform" rating in a research note on Friday, September 13th. Robert W. Baird upped their price target on IBEX from $23.00 to $26.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $21.25.

Get Our Latest Research Report on IBEX

About IBEX

(Get Free Report)

IBEX Limited provides end-to-end technology-enabled customer lifecycle experience solutions in the United States and internationally. The company products and services portfolio includes ibex Connect, that offers customer service, technical support, revenue generation, and other revenue generation outsourced back-office services through the CX model, which integrates voice, email, chat, SMS, social media, and other communication applications; ibex Digital, a customer acquisition solution that comprises digital marketing, e-commerce technology, and platform solutions; and ibex CX, a customer experience solution, which provides a suite of proprietary software tools to measure, monitor, and manage its clients' customer experience.

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