PC Connection Director Harvey Weatherson Sells 5,000 Shares (PCCC)
PC Connection (NASDAQ:PCCC) Director Harvey Weatherson sold 5,000 shares of PC Connection stock on the open market in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $19.00, for a total transaction of $95,000.00. Following the completion of the sale, the director now directly owns 7,000 shares in the company, valued at approximately $133,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Roth Capital raised their price target on shares of PC Connection from $21.00 to $23.00 in a research note to investors on Friday, October 25th. They now have a “buy” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of PC Connection from $18.00 to $19.00 in a research note to investors on Friday, October 25th. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity initiated coverage on shares of PC Connection in a research note to investors on Tuesday, October 1st. They set a “buy” rating and a $18.00 price target on the stock.
PC Connection (NASDAQ:PCCC) traded up 2.70% on Wednesday, hitting $20.17. 36,403 shares of the company’s stock traded hands. PC Connection has a one year low of $9.82 and a one year high of $17.65. The stock has a 50-day moving average of $15.84 and a 200-day moving average of $15.96. The company has a market cap of $527.8 million and a price-to-earnings ratio of 14.99.
PC Connection (NASDAQ:PCCC) last announced its earnings results on Thursday, October 24th. The company reported $0.40 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.38 by $0.02. The company had revenue of $580.40 million for the quarter, compared to the consensus estimate of $570.90 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up 3.4% on a year-over-year basis. Analysts expect that PC Connection will post $1.37 EPS for the current fiscal year.
PC Connection, Inc is a direct marketer of a range of information technology, or information technology (NASDAQ:PCCC), solutions.
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