PC Connection Major Shareholder Patricia Gallup Sells 10,000 Shares (PCCC)
PC Connection (NASDAQ:PCCC) major shareholder Patricia Gallup unloaded 10,000 shares of PC Connection stock on the open market in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $24.50, for a total value of $245,000.00. Following the completion of the transaction, the insider now directly owns 978,810 shares in the company, valued at approximately $23,980,845. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
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. 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.
PC Connection (NASDAQ:PCCC) traded down 0.24% during mid-day trading on Wednesday, hitting $24.57. 46,214 shares of the company’s stock traded hands. PC Connection has a 52-week low of $11.67 and a 52-week high of $25.94. The stock has a 50-day moving average of $23.36 and a 200-day moving average of $18.28. The company has a market cap of $643.0 million and a price-to-earnings ratio of 18.80.
PC Connection (NASDAQ:PCCC) last announced its earnings results on Thursday, October 24th. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters 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. On average, analysts predict that PC Connection will post $1.35 earnings per share for the current fiscal year.
PC Connection, Inc is a direct marketer of a range of information technology, or information technology (NASDAQ:PCCC), solutions.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.