David Wartell, Chief Technology Officer of IDT Corp (NYSE:IDT), recently sold 10,735 shares of the company’s Class B Common Stock. The shares were sold at an approximate price of $48.99 each, totaling $525,881. Following this transaction, Wartell no longer holds any shares in IDT Corp. The sale was reported in a Form 4 filing with the Securities and Exchange Commission, dated March 18, 2025.The transaction comes as IDT trades near its 52-week high, with the stock showing impressive momentum, up nearly 30% over the past six months. According to InvestingPro analysis, IDT maintains strong financial health with minimal debt (debt-to-equity ratio of 0.01) and healthy liquidity (current ratio of 1.66). IDT currently appears overvalued based on InvestingPro’s Fair Value calculations.Want deeper insights? InvestingPro offers 7 additional key tips about IDT’s financial position and growth prospects, along with comprehensive analysis in the Pro Research Report, available exclusively to subscribers.
In other recent news, IDT Corporation reported strong financial results for Q2 2025, with a record adjusted EBITDA of $34 million, contributing to a first-half total of $63 million. The company also met market expectations with earnings per share of $0.84 and revenue of $303.35 million. IDT announced a 20% increase in its quarterly dividend, reflecting its commitment to returning value to shareholders. Additionally, the company repurchased 179,000 shares for $8.5 million. The company expanded its operations into new markets, including Venezuela, Brazil, and Eritrea, and launched new products like the Nettofone AI agent. Revenue from recurring sources grew by 32%, highlighting strong business performance. IDT also projected approximately 40% adjusted EBITDA growth for fiscal 2025. Furthermore, the company emphasized its strategic cash management and plans to continue leveraging its balance sheet to support growth initiatives.
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