Insider Selling: Patricia Gallup Sells 10,000 Shares of PC Connection Stock (PCCC)
PC Connection (NASDAQ:PCCC) major shareholder Patricia Gallup unloaded 10,000 shares of the stock on the open market in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $19.14, for a total value of $191,400.00. Following the transaction, the insider now directly owns 943,810 shares in the company, valued at approximately $18,064,523. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
PC Connection (NASDAQ:PCCC) traded up 1.24% during mid-day trading on Wednesday, hitting $18.82. 131,206 shares of the company’s stock traded hands. PC Connection has a 52 week low of $12.90 and a 52 week high of $25.94. The stock has a 50-day moving average of $23.87 and a 200-day moving average of $19.26.
PC Connection (NASDAQ:PCCC) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.37 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.36 by $0.01. The company had revenue of $578.60 million for the quarter, compared to the consensus estimate of $574.93 million. Analysts expect that PC Connection will post $1.48 EPS for the current fiscal 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 $23.00 to $24.00 in a research note to investors on Friday, January 31st. Analysts at Canaccord Genuity raised their price target on shares of PC Connection from $19.00 to $24.00 in a research note to investors on Friday, January 31st.
PC Connection, Inc is a direct marketer of a range of information technology, or information technology (NASDAQ:PCCC), solutions.
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