PC Connection major shareholder Patricia Gallup Sells 10,000 Shares (PCCC)
PC Connection (NASDAQ:PCCC) major shareholder Patricia Gallup sold 10,000 shares of the stock on the open market in a transaction dated Thursday, June 5th. The stock was sold at an average price of $20.12, for a total transaction of $201,200.00. Following the completion of the transaction, the insider now directly owns 778,810 shares in the company, valued at approximately $15,669,657. 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 transactions with the SEC.
PC Connection (NASDAQ:PCCC) traded up 3.32% during mid-day trading on Friday, hitting $21.18. The stock had a trading volume of 28,511 shares. PC Connection has a 52-week low of $14.51 and a 52-week high of $25.94. The stock’s 50-day moving average is $20.55 and its 200-day moving average is $21.60. The company has a market cap of $555.0 million and a price-to-earnings ratio of 14.76.
PC Connection (NASDAQ:PCCC) last announced its earnings results on Thursday, May 1st. The company reported $0.27 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. 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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