Insider Selling: Patricia Gallup Sells 10,000 Shares of PC Connection Stock (PCCC)
PC Connection (NASDAQ:PCCC) major shareholder Patricia Gallup sold 10,000 shares of PC Connection stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $22.83, for a total transaction of $228,300.00. Following the completion of the sale, the insider now directly owns 650,810 shares in the company, valued at approximately $14,857,992. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of PC Connection (NASDAQ:PCCC) traded down 0.26% on Thursday, hitting $22.73. The stock had a trading volume of 49,079 shares. PC Connection has a 52-week low of $14.75 and a 52-week high of $25.94. The stock has a 50-day moving average of $21.39 and a 200-day moving average of $20.85. The company has a market cap of $596.1 million and a price-to-earnings ratio of 15.50.
PC Connection (NASDAQ:PCCC) last released its earnings data 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.
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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