Idt director Judah Schorr sells $1.12m in class B common stock
IDT Corporation (NYSE:IDT) director Judah Schorr sold $1.12m in Class B common stock over two days in mid-October 2026. IDT shares are near their 52-week high, up 70% over the past year. The company reported record fiscal 2026 results, with revenue of $339.0m, a 7% increase. Analyst Mikhail Paramonov raised the price target to $85.00 from $75.00, maintaining a Buy rating.
How this was made
The 30-second read
Why it matters
Insider sell may trigger short‑term price weakness despite positive earnings backdrop.
Market read
The filing provides fresh insider‑sale data that could influence short‑term trading decisions on IDT.
What to watch
Recent strong earnings and raised price target may offset the sell pressure.
Background
Form 4 filing shows a director reducing his stake in IDT after a record fiscal year.
Ticker impact
Director Judah Schorr sold $1.12M of IDT Class B shares over two days, reducing his holdings.
likely pressure as the market prices in the insider sell
A director's multi‑million share disposal can be interpreted as reduced confidence, prompting traders to sell.
Market effects
Minimal impact on the broader telecom services sector.
Limited to US equity markets where IDT trades.
Low global relevance.
Counterpoint
The sale could be a routine portfolio rebalancing rather than a negative signal.
Key entities
- personJudah Schorr
Director at IDT Corporation
- companyIDT Corporation
Telecommunications services provider listed on NYSE
