Insider Selling: PC Connection Director Unloads 10,000 Shares of Stock (PCCC)
PC Connection (NASDAQ:PCCC) Director David Hall sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $22.89, for a total transaction of $228,900.00. Following the completion of the transaction, the director now directly owns 259,802 shares in the company, valued at approximately $5,946,868. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of PC Connection (NASDAQ:PCCC) traded down 1.44% during mid-day trading on Wednesday, hitting $22.63. The stock had a trading volume of 42,906 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 $21.06 and a 200-day moving average of $20.75. The company has a market cap of $593.4 million and a price-to-earnings ratio of 15.62.
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. Analysts expect that PC Connection will post $1.51 EPS 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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