PC Connection major shareholder Sells $224,300 in Stock (PCCC)
PC Connection (NASDAQ:PCCC) major shareholder Patricia Gallup sold 10,000 shares of PC Connection stock on the open market in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $22.43, for a total transaction of $224,300.00. Following the sale, the insider now directly owns 670,810 shares in the company, valued at approximately $15,046,268. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
PC Connection (NASDAQ:PCCC) traded down 0.22% on Wednesday, hitting $22.43. 28,133 shares of the company’s stock traded hands. PC Connection has a one year low of $14.72 and a one year high of $25.94. The stock’s 50-day moving average is $20.75 and its 200-day moving average is $20.60. The company has a market cap of $588.2 million and a price-to-earnings ratio of 15.29.
PC Connection (NASDAQ:PCCC) last released its 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.
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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