Insider Selling: ePlus Director Eric D. Hovde Unloads 3,020 Shares of Stock (PLUS)
ePlus (NASDAQ:PLUS) Director Eric D. Hovde sold 3,020 shares of ePlus stock on the open market in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $57.58, for a total value of $173,891.60. Following the sale, the director now directly owns 255,608 shares in the company, valued at approximately $14,717,909. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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) opened at 58.33 on Friday. ePlus has a 52-week low of $47.49 and a 52-week high of $61.76. The stock’s 50-day moving average is $56.67 and its 200-day moving average is $56.16. The company has a market cap of $437.6 million and a price-to-earnings ratio of 12.55.
ePlus (NASDAQ:PLUS) last released its earnings data on Wednesday, August 6th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.06. Analysts expect that ePlus will post $4.99 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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