PC Connection major shareholder Sells $204,200 in Stock (PCCC)
PC Connection (NASDAQ:PCCC) major shareholder Patricia Gallup unloaded 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $20.42, for a total transaction of $204,200.00. Following the sale, the insider now directly owns 793,810 shares of the company’s stock, valued at approximately $16,209,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of PC Connection (NASDAQ:PCCC) traded up 3.45% during mid-day trading on Friday, hitting $21.28. The stock had a trading volume of 22,519 shares. PC Connection has a one year low of $14.51 and a one year high of $25.94. The stock has a 50-day moving average of $20.51 and a 200-day moving average of $21.57. The company has a market cap of $557.6 million and a P/E ratio of 14.81.
PC Connection (NASDAQ:PCCC) last announced its 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. On average, analysts predict that PC Connection will post $1.49 earnings per share 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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