ExlService president Bhalla sells $465,423 in EXLS shares

Vikas Bhalla, president of ExlService Holdings (NASDAQ:EXLS), sold 10,573 shares of the company's common stock on November 12, 2026, generating $465,423 from the transaction. The shares were sold at $44.02 per share, near the stock's 52-week high of $44.36. Since the sale, Bhalla now directly owns 87,722 shares of ExlService Holdings common stock.

ExlService, valued at $6.5 billion, has a P/E ratio of 25.97 and is currently seen as undervalued by InvestingPro analysis. The company recently reported strong third-quarter 2026 results, surpassing analyst expectations with adjusted earnings of $0.62 per share on $634 million in revenue. This marks a 20% revenue increase and 29% rise in earnings per share compared to the previous year.

In response, ExlService raised its full-year outlook, indicating confidence in its growth trajectory. Analysts at Stifel also raised their price target for the stock to $48, from $46, maintaining a Buy rating. This growth is attributed to a 17% year-over-year revenue growth on an organic constant currency basis, exceeding Stifel's expectations of 15% and the consensus estimate of 14%.

Earnings per share also increased by 28%, outperforming Stifel's forecast of 20% growth and the consensus estimate of 16%.