PC Connection major shareholder Patricia Gallup Sells 10,000 Shares (PCCC)
PC Connection (NASDAQ:PCCC) major shareholder Patricia Gallup sold 10,000 shares of PC Connection stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $20.61, for a total value of $206,100.00. Following the completion of the transaction, the insider now directly owns 803,810 shares in the company, valued at approximately $16,566,524. The sale was disclosed in a document filed with the SEC, which is available at 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 3.51% on Wednesday, hitting $19.81. 42,549 shares of the company’s stock traded hands. PC Connection has a 52-week low of $14.51 and a 52-week high of $25.94. The stock has a 50-day moving average of $20.57 and a 200-day moving average of $21.56. The company has a market cap of $519.1 million and a price-to-earnings ratio of 14.78.
PC Connection (NASDAQ:PCCC) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.25 by $0.02. The company had revenue of $559.80 million for the quarter, compared to the consensus estimate of $524.70 million. During the same quarter last year, the company posted $0.23 earnings per share. PC Connection’s revenue was up 10.8% compared to the same quarter last year. Analysts expect that PC Connection will post $1.49 EPS 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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