Shea Nadine, the Executive Vice President of Global Human Resources at IDT Corp (NYSE:IDT), recently sold 1,000 shares of the company's Class B Common Stock. The shares were sold at an average price of $53.7388 each, amounting to a total transaction value of $53,738. The transaction occurs as IDT's stock has shown remarkable strength, delivering a 73% return over the past year and trading near its 52-week high of $58.77. Following this sale, Nadine holds 4,775 shares directly, as noted in the recent SEC filing. Additionally, she indirectly owns 2,520 shares through a 401(k) plan, as of November 29, 2024. According to InvestingPro analysis, IDT maintains strong financial health with a "GREAT" overall score, supported by robust cash flows and solid balance sheet metrics. While currently trading above its Fair Value, IDT shows several positive indicators, including holding more cash than debt on its balance sheet. Investors can access 10 additional ProTips and comprehensive analysis through IDT's Pro Research Report, available exclusively on InvestingPro.
In other recent news, IDT Corporation has reported strong financial performance for the first quarter of fiscal year 2025, surpassing earnings expectations. The company achieved record levels in gross profit and adjusted EBITDA, with revenue continuing its upward trend for the third consecutive quarter. IDT's Q1 earnings per share of $0.71 exceeded forecasts, contributing to positive investor sentiment. The company reported a revenue of $309.6 million, marking a sequential increase.
The company also highlighted the increased adoption of payment processing services in its NRS segment. However, foreign exchange fluctuations have posed challenges for international operations. Despite these challenges, IDT Corporation remains focused on U.S. market expansion and product innovation.
The company's CEO, Shmuel Jonas, emphasized the company's commitment to product improvement, while CFO Marcelo Fischer noted the resilience of local markets. These recent developments suggest a positive trajectory for IDT Corporation.
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