Insider Selling: PC Connection major shareholder Sells 10,000 Shares of Stock (PCCC)
PC Connection (NASDAQ:PCCC) major shareholder Patricia Gallup unloaded 10,000 shares of the stock on the open market in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $21.83, for a total transaction of $218,300.00. Following the sale, the insider now directly owns 680,810 shares of the company’s stock, valued at approximately $14,862,082. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
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 (NASDAQ:PCCC) traded up 0.11% on Friday, hitting $21.985. 36,458 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 $20.57 and its 200-day moving average is $20.59. The company has a market cap of $576.5 million and a price-to-earnings ratio of 14.94.
PC Connection (NASDAQ:PCCC) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue 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.
PC Connection, Inc is a direct marketer of a range of information technology, or information technology (NASDAQ:PCCC), solutions.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.