Insider Selling: PC Connection Director Unloads 10,000 Shares of Stock (PCCC)
PC Connection (NASDAQ:PCCC) Director David Hall unloaded 10,000 shares of the stock on the open market in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $24.55, for a total transaction of $245,500.00. Following the sale, the director now directly owns 565,195 shares in the company, valued at approximately $13,875,537. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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. 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.
Shares of PC Connection (NASDAQ:PCCC) traded down 1.17% on Friday, hitting $24.42. The stock had a trading volume of 56,702 shares. PC Connection has a one year low of $11.93 and a one year high of $25.94. The stock has a 50-day moving average of $23.58 and a 200-day moving average of $18.37. The company has a market cap of $639.0 million and a P/E ratio of 18.86.
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.
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