Insider Selling: PC Connection CEO Sells 25,000 Shares of Stock (PCCC)
PC Connection (NASDAQ:PCCC) CEO Timothy J. Mcgrath sold 25,000 shares of the company’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $21.37, for a total value of $534,250.00. Following the completion of the sale, the chief executive officer now directly owns 227,512 shares in the company, valued at approximately $4,861,931. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
PC Connection (NASDAQ:PCCC) traded up 0.19% on Tuesday, hitting $21.42. 35,567 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’s 50-day moving average is $20.48 and its 200-day moving average is $20.57. The company has a market cap of $561.7 million and a P/E ratio of 14.54.
PC Connection (NASDAQ:PCCC) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.43 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. Analysts expect that PC Connection will post $1.51 EPS for the current fiscal year.
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.
PC Connection, Inc is a direct marketer of a range of information technology, or information technology (NASDAQ:PCCC), solutions.
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