Rohit Kapoor, Chairman and CEO of ExlService Holdings, Inc. (NASDAQ:EXLS), recently sold 100,000 shares of the company's common stock. The shares were sold at an average price of $45.31, resulting in a total transaction value of approximately $4.53 million. Following this sale, Kapoor retains direct ownership of 489,645 shares.
In addition to his direct holdings, Kapoor also maintains indirect ownership through various family trusts. These include the 2016 Kapoor Family Trust, the Rohit Kapoor Spousal Lifetime Access Trust, the Shikha Kapoor 2005 Family Trust, and the Rohit Kapoor 2016 Family Trust, among others. These trusts collectively hold a significant number of shares, reflecting Kapoor's continued investment in the company.
Kapoor's transactions were disclosed in a recent SEC filing, providing transparency to investors and stakeholders regarding his financial activities related to ExlService Holdings.
In other recent news, ExlService Holdings reported a significant 15% year-over-year increase in its Q3 2024 revenues, which amounted to $472 million. The company's adjusted earnings per share also saw a 16% rise, reaching $0.44. In light of these robust results, EXL has revised its full-year 2024 revenue guidance upwards to between $1.825 billion and $1.835 billion, reflecting a 12% to 13% growth year-over-year.
These developments are largely attributed to the company's strategic focus on data modernization and artificial intelligence implementation, with significant contributions from its Digital Operations and Solutions segment. The company also reported nearly a million training hours completed this year, indicating a strong commitment to talent development.
EXL's future prospects seem promising, with an increasing number of large deals in the pipeline and consistent conversion rates. Furthermore, the company's partnership with Databricks and acquisition of ITI Data underscore its drive to enhance data analytics capabilities. These recent developments suggest that EXL is well-positioned to maintain its growth momentum.
InvestingPro Insights
To provide additional context to Rohit Kapoor's recent stock sale, let's examine some key financial metrics and insights from InvestingPro for ExlService Holdings (NASDAQ:EXLS).
According to InvestingPro data, EXLS has a market capitalization of $7.13 billion and is currently trading at a P/E ratio of 38.5. This relatively high earnings multiple suggests that investors have high expectations for the company's future growth prospects.
One InvestingPro Tip notes that EXLS has shown a "High return over the last year," with the stock price total return over the past year reaching an impressive 60.01%. This strong performance may have influenced Kapoor's decision to sell a portion of his holdings, possibly to realize some gains.
Another relevant InvestingPro Tip indicates that EXLS "Operates with a moderate level of debt." This financial stability could be reassuring for investors, even as the CEO reduces his direct ownership stake.
It's worth noting that despite the recent sale, EXLS continues to demonstrate solid financial performance. The company's revenue for the last twelve months as of Q3 2023 stood at $1.77 billion, with a revenue growth of 11.29% over the same period. Additionally, EXLS maintains a healthy gross profit margin of 37.24%.
For investors seeking a more comprehensive analysis, InvestingPro offers 16 additional tips for EXLS, providing a deeper understanding of the company's financial health and market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.