Insider Selling: Mark Marron Unloads 4,000 Shares of ePlus Stock (PLUS)
ePlus (NASDAQ:PLUS) COO Mark Marron sold 4,000 shares of the stock on the open market in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $56.51, for a total value of $226,040.00. Following the completion of the sale, the chief operating officer now directly owns 51,071 shares in the company, valued at approximately $2,886,022. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
ePlus (NASDAQ:PLUS) traded down 0.19% during mid-day trading on Friday, hitting $56.50. 10,917 shares of the company’s stock traded hands. ePlus has a 1-year low of $39.54 and a 1-year high of $66.99. The stock’s 50-day moving average is $54.48 and its 200-day moving average is $56.26. The company has a market cap of $461.7 million and a P/E ratio of 13.79.
PLUS has been the subject of a number of recent research reports. Analysts at Canaccord Genuity initiated coverage on shares of ePlus in a research note to investors on Thursday, December 12th. They set a “buy” rating and a $65.00 price target on the stock. They noted that the move was a valuation call. Analysts at Sidoti initiated coverage on shares of ePlus in a research note to investors on Friday, October 11th. They set a “buy” rating on the stock.
ePlus inc. (NASDAQ:PLUS), along with its subsidiaries, is engaged in the business of selling, leasing, financing, and managing information technology and other assets and provides software.
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