Insider Selling: PC Connection Director Sells 10,000 Shares of Stock (PCCC)
PC Connection (NASDAQ:PCCC) Director David Hall unloaded 10,000 shares of the stock on the open market in a transaction dated Thursday, August 21st. The stock was sold at an average price of $22.49, for a total value of $224,900.00. Following the completion of the sale, the director now directly owns 269,802 shares in the company, valued at approximately $6,067,847. The sale was disclosed in a legal filing with the SEC, which is available at this link.
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 0.18% during mid-day trading on Friday, hitting $22.80. The stock had a trading volume of 22,326 shares. PC Connection has a 52 week low of $14.72 and a 52 week high of $25.94. The stock has a 50-day moving average of $20.88 and a 200-day moving average of $20.64. The company has a market cap of $597.9 million and a P/E ratio of 15.48.
PC Connection (NASDAQ:PCCC) last posted its quarterly earnings results 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.
PC Connection, Inc is a direct marketer of a range of information technology, or information technology (NASDAQ:PCCC), solutions.
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