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 in a transaction dated Thursday, February 13th. The shares were sold at an average price of $19.29, for a total transaction of $192,900.00. Following the transaction, the insider now directly owns 933,810 shares of the company’s stock, valued at approximately $18,013,195. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
PC Connection (NASDAQ:PCCC) traded down 0.30% on Friday, hitting $20.18. The stock had a trading volume of 73,778 shares. PC Connection has a 1-year low of $14.08 and a 1-year high of $25.94. The stock has a 50-day moving average of $22.65 and a 200-day moving average of $19.33. The company has a market cap of $528.7 million and a P/E ratio of 14.99.
PC Connection (NASDAQ:PCCC) last announced its earnings results on Friday, January 31st. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters 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. On average, analysts predict that PC Connection will post $1.48 earnings per share for the current fiscal year.
PCCC has been the subject of a number of recent research reports. Analysts at Roth Capital raised their price target on shares of PC Connection from $23.00 to $24.00 in a research note 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 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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