Eric Cosentino Sheds Shares in IDT Corporation

Eric Cosentino sold 500 shares of IDT Corporation (NYSE:IDT) on June 30, 2026. The shares were sold at an average price of $57.78, resulting in a total transaction value of about $28,890. This sale was not part of a pre-arranged trading plan.

What Changed in Eric Cosentino's IDT Corporation Position

Eric Cosentino reduced his holdings in IDT Corporation by 500 shares. The transaction took place on June 30, 2026, at an average price of $57.78 per share, totaling approximately $28,890.

Other Institutional Activity in IDT Corporation

Several major institutional investors have also adjusted their positions in IDT Corporation. BlackRock, Inc. increased its holdings by 44,386 shares, bringing its total to 1,773,958 shares worth about $87.1 million. Renaissance Technologies LLC reduced its stake by 28,793 shares, ending with 946,013 shares valued at roughly $46.4 million. Vanguard Capital Management LLC opened a new position with 881,088 shares, valued at approximately $43.3 million. Dimensional Fund Advisors LP trimmed its holdings by 18,221 shares, resulting in 788,047 shares worth about $38.7 million. Geode Capital Management, LLC added 44,879 shares, bringing its total to 604,728 shares valued at $29.7 million.

IDT Corporation Stock Down 15.7%

Shares of NYSE:IDT traded near $58.16 on Wednesday. IDT Corporation has a market capitalization of about $1.45 billion and a P/E ratio of 17.8. The company's stock has fluctuated between a 52-week low of $45.72 and a high of $71.12. Its 50-day moving average is $53.49, and the 200-day moving average is $51.75. The company boasts a current ratio of 1.92 and a quick ratio of 0.95, with a debt-to-equity ratio of 0.36.

Recent Earnings

IDT Corporation reported revenue of approximately $1.28 billion, with a revenue growth rate of 4.5%. The company achieved an earnings per share (EPS) of $3.26. Its net margin stands at 6.41%, and it has a return on equity (ROE) of 25.2%. The next earnings report is expected on September 29, 2026.

Dividend

IDT Corporation pays an annual dividend of $0.26 per share, yielding 0.45%. The dividend payout ratio is 7.67%.

Insider Buying and Selling at IDT Corporation

Several insiders have been active in IDT Corporation's stock recently. Marcelo Fischer, the Chief Financial Officer, sold 23,323 shares on June 26, 2026, at an average price of $56.98. Chairman Howard Jonas disposed of 2,217 shares on June 23, 2026. Irwin Katsof sold 2,408 shares on June 11, 2026, at $55.03 per share. William Conkling bought 673 shares on June 9, 2026, at $55.75. Nadine Shea, the EVP of Global Human Resources, sold 500 shares on June 8, 2026, at $55.32.

About IDT Corporation

IDT Corporation, headquartered in Newark, New Jersey, provides communication and payment services across the United States, the United Kingdom, and internationally. The company operates through segments like National Retail Solutions, Fintech, Net2phone, and Traditional Communications. It offers services such as point of sale systems, electronic payment processing, and digital advertising. Additionally, IDT provides international money remittance services, unified communications, and digital payment solutions. The corporation, led by CEO Samuel Jonas, employs approximately 1,915 people.

Bottom Line

Eric Cosentino's sale of IDT Corporation shares reflects ongoing insider activity within the company. With a diverse range of services and a solid market position, IDT continues to attract attention from institutional investors. As always, it's important to remember that insider transactions are just one piece of the puzzle when evaluating a company's stock.