Idt EVP and corporate secretary Joyce J. Mason reported selling $92,570 of IDT Corp (NYSE:IDT) Class B Common Stock on October 7, 2026.
Idt EVP and corporate secretary Joyce J. Mason sold 1,150 shares of IDT Corp (NYSE:IDT) Class B Common Stock on October 7, 2026. The transaction occurred as the stock price hovered around its 52-week high of $82.31, with shares having increased by approximately 76% over the past year. According to InvestingPro analysis, the stock's current valuation appears slightly overvalued compared to its intrinsic value.
Following the sale, Mason's direct beneficial ownership of IDT shares decreased to 35,441, while she indirectly holds an additional 11,372 shares for her husband and 4,488 shares through a 401(k) Plan as of September 30, 2026. IDT Corporation reported its fiscal 2026 results, marking the company's strongest year ever with record revenue growth and expanding margins.
The company's consolidated revenue reached $339.0 million, a 7% increase year-over-year and quarter-over-quarter, surpassing analyst expectations by 6%. IDT also achieved record gross profit, margin, and adjusted EBITDA, contributing to its positive financial performance. In response, Freedom Broker analyst Mikhail Paramonov raised the stock's price target to $85.00 from $75.00 and maintained a Buy rating.
The company's strong operating performance was highlighted in the positive market reaction to these financial results.
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