IBEX Ltd (NASDAQ:IBEX) director Patrick McGinnis sold 2,500 common shares of the company on November 10, 2026, according to a recent disclosure. The transactions were executed at prices ranging from $50.15 to $50.78 per share, amounting to a total of $126,207.
Following the sale, McGinnis directly holds 4,585 common shares of IBEX. The transaction comes as the stock has surged 61% over the past six months and currently trades at $52.23, just below its 52-week high of $52.29.
According to an analysis, IBEX appears overvalued at current levels, placing it among stocks on the most overvalued list. The company trades at a P/E ratio of 15.5 with a market cap of $696 million.
In other recent news, IBEX reported stronger-than-expected fiscal first-quarter results. The company achieved adjusted earnings of $1.10 per share, surpassing the forecast of $0.93. Revenue for the quarter reached a record $175.2 million, exceeding the estimated $168.93 million. This represents a 16% increase from the previous year. Additionally, IBEX raised its full-year outlook, signaling positive expectations for the future. These developments highlight the company’s robust performance and growth trajectory.