PCM CFO Unloads $133,140 in Stock (PCMI)
PCM (NASDAQ:PCMI) CFO Brandon Laverne sold 14,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $9.51, for a total transaction of $133,140.00. Following the completion of the sale, the chief financial officer now directly owns 200 shares of the company’s stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Zacks upgraded shares of PCM (NASDAQ:PCMI) from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, August 12th. They now have a $11.70 price target on the stock.
PCM (NASDAQ:PCMI) traded up 0.45% during mid-day trading on Thursday, hitting $10.015. 18,269 shares of the company’s stock traded hands. PCM has a 1-year low of $5.06 and a 1-year high of $11.96. The stock’s 50-day moving average is $9.97 and its 200-day moving average is $8.70. The company has a market cap of $115.8 million and a P/E ratio of 14.02.
PCM (NASDAQ:PCMI) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.19 by $0.10. The company had revenue of $366.42 million for the quarter, compared to the consensus estimate of $361.98 million. The company’s quarterly revenue was up 4.2% on a year-over-year basis. Analysts expect that PCM will post $1.09 EPS for the current fiscal year.
PCM, Inc, formerly PC Mall, Inc, is a direct marketer of technology products, services and solutions to businesses, government and educational institutions and individual consumers.
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