The breadth and dollar value of this selling cluster (CEO, COO, CMO, CLO, CPO, and two directors) is unusual for a routine liquidity event. Monitor for an upcoming earnings miss, guidance cut, or other material negative news that insiders may be front-running.
Price Chart
Executive Summary
Seven IBEX insiders, including the CEO, COO, and Chief Sales/Marketing Officer, sold a total of ~$2.61M in open-market shares over a three-day window (Sept 14-16, 2026). The CEO alone sold $1M worth.
Key Financial Metrics
Key Facts
- CEO Robert Dechant sold 25,000 shares for ~$1M on Sept 15, 2026
- COO David Afdahl sold 10,819 shares for ~$433K on Sept 14, 2026
- Chief Sales/Marketing Officer Julie Casteel sold 17,474 shares for ~$706K on Sept 15, 2026
- Total insider selling: ~$2.61M across 7 insiders in 3 days
- All transactions were open-market sales (code S) with no 10b5-1 plan indicated
- No insider purchases were reported in the same window
Financial Impact
$2.61M in open-market insider sales, representing approximately 0.8% of IBEX's ~$326M market cap
Risk Factors
- Insiders may be selling for personal diversification or tax planning, not due to negative outlook
- The company has not filed any material adverse news concurrently with these sales
- Market cap is small (~$326M), so $2.61M in sales is material but not overwhelming
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-IBEX-1790128307347 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | Press Release | $46.94 | awaiting T+1 | — | $47.09 (+0.32%) |
Sep 25, 2026 4w ago | 144 | $44.33 $43.38 | ▼ −2.14% | ▼ −1.96% | $47.09 (+6.23%) |
Sep 16, 2026 5w ago | Insider Cluster | $40.92 $40.20 | ▲ +1.76% | ▲ +1.64% | $47.09 (−15.08%) |
Sep 16, 2026 5w ago | Insider Cluster | $40.92 $40.20 | ▲ +1.76% | ▲ +1.64% | $47.09 (−15.08%) |
Sep 16, 2026 5w ago | Insider Cluster | $40.92 $40.20 | ▲ +1.76% | ▲ +1.64% | $47.09 (−15.08%) |
Sep 15, 2026 5w ago | Insider Cluster | $40.28 $40.92 | ▲ +1.59% | ▲ +0.46% | $47.09 (+16.91%) |
Sep 15, 2026 5w ago | 144 | $40.28 $40.92 | ▲ +1.59% | ▲ +0.46% | $47.09 (+16.91%) |
Sep 10, 2026 6w ago | Press Release | $39.80 $40.49 | ▲ +1.73% | ▲ +2.18% | $47.09 (+18.32%) |
May 29, 2026 21w ago | Insider Cluster | $31.64 $32.21 | ▲ +1.80% | ▲ +1.53% | $47.09 (+48.83%) |
May 13, 2026 23w ago | 8-K | $30.25 $30.56 | ▲ +1.02% | ▲ +2.25% | $47.09 (+55.67%) |
US Market Status
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