Insider Selling: Eric D. Hovde Unloads 5,074 Shares of ePlus Stock (PLUS)
ePlus (NASDAQ:PLUS) Director Eric D. Hovde unloaded 5,074 shares of ePlus stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $57.69, for a total value of $292,719.06. Following the completion of the sale, the director now directly owns 255,608 shares of the company’s stock, valued at approximately $14,746,026. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at William Blair initiated coverage on shares of ePlus in a research note on Thursday, May 29th. They set an “outperform” rating on the stock.
ePlus (NASDAQ:PLUS) traded down 0.16% on Friday, hitting $57.08. The stock had a trading volume of 22,993 shares. ePlus has a one year low of $47.49 and a one year high of $61.76. The stock has a 50-day moving average of $56.75 and a 200-day moving average of $56.03. The company has a market cap of $428.2 million and a P/E ratio of 12.31.
ePlus (NASDAQ:PLUS) last released its earnings data on Wednesday, August 6th. The company reported $1.14 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.08 by $0.06. Analysts expect that ePlus will post $5.01 EPS for the current fiscal year.
ePlus inc. (NASDAQ:PLUS), along with its subsidiaries, is engaged in the business of selling, leasing, financing, and managing information technology and other assets and provides software.
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