Insider Selling: PC Connection Director Unloads 10,000 Shares of Stock (PCCC)
PC Connection (NASDAQ:PCCC) Director David Hall sold 10,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $24.39, for a total value of $243,900.00. Following the completion of the sale, the director now directly owns 555,195 shares of the company’s stock, valued at approximately $13,541,206. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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 last year, the company posted $0.37 earnings per share. PC Connection’s revenue was up 3.4% compared to the same quarter last year.
A number of analysts have recently weighed in on PCCC shares. 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, Inc is a direct marketer of a range of information technology, or information technology (NASDAQ:PCCC), solutions.
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