Rohit Kapoor, Chairman and CEO of ExlService Holdings, Inc. (NASDAQ:EXLS), recently sold 100,000 shares of the company's common stock. The transaction took place on November 1, with shares sold at an average price of $41.45, generating total proceeds of approximately $4.1 million.
Following the sale, Kapoor holds 1,290,240 shares directly. Additional shares are held indirectly through various trusts, including the 2016 Kapoor Family Trust and the Rohit Kapoor Spousal Lifetime Access Trust, among others.
The transaction details were disclosed in a regulatory filing with the Securities and Exchange Commission, providing transparency to investors about the executive's stock activities.
In other recent news, ExlService Holdings reported robust growth in its Q3 2024 earnings call, with a 15% year-over-year revenue increase totaling $472 million and a 16% increase in adjusted earnings per share to $0.44. The company also raised its full-year 2024 revenue guidance to between $1.825 billion and $1.835 billion, reflecting a 12% to 13% year-over-year growth. This growth is largely driven by strong performance across all segments, particularly in Digital Operations and Solutions.
EXL's strategic focus on data modernization and artificial intelligence (AI) implementation is evident in its acquisition of ITI Data and a partnership with Databricks. The company has also invested significantly in talent development, reporting nearly 1 million training hours completed this year.
In terms of future expectations, analysts project full-year 2024 revenues to be within the guided range, and the adjusted EPS for 2024 is expected to be between $1.61 and $1.63. Despite inherent volatility in the Analytics segment, there are a number of large deals in the pipeline, indicating strong demand. These recent developments suggest that ExlService Holdings is well-positioned for sustained growth.
InvestingPro Insights
ExlService Holdings, Inc. (NASDAQ:EXLS) has been experiencing significant momentum in the market, as evidenced by recent InvestingPro data. The company's stock has shown a strong 57.99% return over the past year, with a notable 25.96% gain in the last three months alone. This upward trend aligns with the recent insider sale by CEO Rohit Kapoor, potentially indicating a perception of the stock being near its peak value.
InvestingPro Tips highlight that EXLS is trading near its 52-week high, with the current price at 99.95% of this benchmark. This information, coupled with the tip that the stock is trading at a high earnings multiple, suggests that investors are placing a premium on the company's future growth prospects.
The company's financial health appears robust, with InvestingPro data showing a revenue of $1,771.0 million over the last twelve months as of Q3 2024, representing an 11.29% growth. Additionally, EXLS operates with a moderate level of debt and has liquid assets exceeding short-term obligations, indicating a stable financial position.
It's worth noting that while the stock's performance has been strong, InvestingPro Tips caution that the RSI suggests the stock is in overbought territory. This could provide context for Kapoor's decision to sell a portion of his holdings.
For investors seeking a more comprehensive analysis, InvestingPro offers 18 additional tips for EXLS, providing a deeper understanding of the company's financial position and market dynamics.
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