Insider Selling: PC Connection Director Sells 9,091 Shares of Stock (PCCC)
PC Connection (NASDAQ:PCCC) Director David Hall unloaded 9,091 shares of the company’s stock on the open market in a transaction dated Thursday, April 17th. The stock was sold at an average price of $20.52, for a total transaction of $186,547.32. Following the transaction, the director now directly owns 447,802 shares in the company, valued at approximately $9,188,897. The sale was disclosed in a legal filing with the SEC, which is available at this link.
PC Connection (NASDAQ:PCCC) traded up 2.00% on Friday, hitting $20.90. The stock had a trading volume of 28,524 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 $20.95 and a 200-day moving average of $20.94. The company has a market cap of $547.6 million and a price-to-earnings ratio of 15.18.
PC Connection (NASDAQ:PCCC) last released its earnings data on Friday, January 31st. The company reported $0.37 earnings per share (EPS) for the quarter, beating the 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 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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