PC Connection major shareholder Sells $204,300 in Stock (PCCC)
PC Connection (NASDAQ:PCCC) major shareholder Patricia Gallup unloaded 10,000 shares of the company’s stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $20.43, for a total value of $204,300.00. Following the sale, the insider now directly owns 738,810 shares of the company’s stock, valued at approximately $15,093,888. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
PC Connection (NASDAQ:PCCC) traded down 0.44% on Monday, hitting $20.43. 33,453 shares of the company’s stock traded hands. PC Connection has a 1-year low of $14.51 and a 1-year high of $25.94. The stock has a 50-day moving average of $20.65 and a 200-day moving average of $21.3. The company has a market cap of $535.4 million and a price-to-earnings ratio of 14.77.
PC Connection (NASDAQ:PCCC) last issued its quarterly earnings data 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. Analysts expect that PC Connection will post $1.50 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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