PC Connection major shareholder Unloads $208,300 in Stock (PCCC)

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PC Connection (NASDAQ:PCCC) major shareholder Patricia Gallup sold 10,000 shares of the stock on the open market in a transaction dated Thursday, April 24th. The stock was sold at an average price of $20.83, for a total transaction of $208,300.00. Following the sale, the insider now directly owns 833,810 shares in the company, valued at approximately $17,368,262. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Shares of PC Connection (NASDAQ:PCCC) traded down 0.14% during mid-day trading on Friday, hitting $20.70. The stock had a trading volume of 43,881 shares. PC Connection has a 52 week low of $14.51 and a 52 week high of $25.94. The stock’s 50-day moving average is $21.04 and its 200-day moving average is $21.15. The company has a market cap of $542.3 million and a price-to-earnings ratio of 15.36.

PC Connection (NASDAQ:PCCC) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.37 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.36 by $0.01. The company had revenue of $578.60 million for the quarter, compared to the consensus estimate of $574.93 million. On average, analysts predict that PC Connection will post $1.48 earnings per share for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Roth Capital raised their price target on shares of PC Connection from $23.00 to $24.00 in a research note on Friday, January 31st. Analysts at Canaccord Genuity raised their price target on shares of PC Connection from $19.00 to $24.00 in a research note on Friday, January 31st.

PC Connection, Inc is a direct marketer of a range of information technology, or information technology (NASDAQ:PCCC), solutions.

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