Insider Selling: David Hall Sells 10,000 Shares of PC Connection Stock (PCCC)
PC Connection (NASDAQ:PCCC) Director David Hall sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $20.84, for a total value of $208,400.00. Following the completion of the transaction, the director now directly owns 287,802 shares in the company, valued at approximately $5,997,794. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Raymond James upgraded shares of PC Connection from an “underperform” rating to a “market perform” rating in a research note on Friday, August 1st.
Shares of PC Connection (NASDAQ:PCCC) traded up 1.38% on Friday, hitting $21.37. The stock had a trading volume of 31,092 shares. 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 $20.38 and a 200-day moving average of $20.65. The company has a market cap of $560.4 million and a P/E ratio of 14.34.
PC Connection (NASDAQ:PCCC) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.43 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.39 by $0.04. The company had revenue of $633.20 million for the quarter, compared to the consensus estimate of $585.08 million. During the same quarter last year, the company posted $0.35 earnings per share. PC Connection’s revenue was up 13.6% compared to the same quarter last year. On average, analysts predict that PC Connection will post $1.51 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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