PC Connection, Inc. (NASDAQ:CNXN) Chairman Patricia Gallup Sells 3,800 Shares

PC Connection, Inc. (NASDAQ:CNXNGet Rating) Chairman Patricia Gallup sold 3,800 shares of the stock in a transaction that occurred on Tuesday, June 14th. The shares were sold at an average price of $43.70, for a total transaction of $166,060.00. Following the completion of the transaction, the chairman now owns 2,110,763 shares in the company, valued at $92,240,343.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Patricia Gallup also recently made the following trade(s):

  • On Monday, June 6th, Patricia Gallup sold 4,300 shares of PC Connection stock. The shares were sold at an average price of $45.72, for a total transaction of $196,596.00.
  • On Monday, May 23rd, Patricia Gallup sold 2,547 shares of PC Connection stock. The shares were sold at an average price of $43.66, for a total transaction of $111,202.02.
  • On Wednesday, May 18th, Patricia Gallup sold 3,884 shares of PC Connection stock. The shares were sold at an average price of $45.70, for a total transaction of $177,498.80.
  • On Tuesday, May 10th, Patricia Gallup sold 3,700 shares of PC Connection stock. The shares were sold at an average price of $47.26, for a total transaction of $174,862.00.
  • On Monday, April 25th, Patricia Gallup sold 2,611 shares of PC Connection stock. The shares were sold at an average price of $49.59, for a total transaction of $129,479.49.
  • On Tuesday, April 19th, Patricia Gallup sold 2,589 shares of PC Connection stock. The shares were sold at an average price of $52.12, for a total transaction of $134,938.68.
  • On Wednesday, April 13th, Patricia Gallup sold 2,700 shares of PC Connection stock. The shares were sold at an average price of $52.65, for a total transaction of $142,155.00.
  • On Tuesday, April 5th, Patricia Gallup sold 3,138 shares of PC Connection stock. The shares were sold at an average price of $52.61, for a total transaction of $165,090.18.
  • On Thursday, March 24th, Patricia Gallup sold 852 shares of PC Connection stock. The stock was sold at an average price of $51.67, for a total transaction of $44,022.84.

Shares of CNXN stock opened at $43.76 on Friday. The firm has a fifty day moving average of $47.51 and a 200-day moving average of $47.07. PC Connection, Inc. has a 12-month low of $40.08 and a 12-month high of $54.79. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 14.12 and a beta of 0.65.

PC Connection (NASDAQ:CNXNGet Rating) last announced its earnings results on Thursday, May 5th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.64 by $0.19. PC Connection had a net margin of 2.68% and a return on equity of 11.90%. The business had revenue of $788.34 million during the quarter, compared to analysts’ expectations of $728.25 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. As a group, sell-side analysts predict that PC Connection, Inc. will post 3.2 earnings per share for the current fiscal year.

Separately, StockNews.com began coverage on shares of PC Connection in a research report on Thursday, March 31st. They set a “strong-buy” rating for the company.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Covestor Ltd boosted its holdings in PC Connection by 2,189.7% during the first quarter. Covestor Ltd now owns 893 shares of the company’s stock worth $47,000 after purchasing an additional 854 shares during the last quarter. Marshall Wace LLP acquired a new position in PC Connection during the fourth quarter worth $49,000. Russell Investments Group Ltd. boosted its holdings in PC Connection by 120.6% during the fourth quarter. Russell Investments Group Ltd. now owns 2,857 shares of the company’s stock worth $122,000 after purchasing an additional 1,562 shares during the last quarter. Acadian Asset Management LLC acquired a new position in PC Connection during the first quarter worth $172,000. Finally, Maryland State Retirement & Pension System acquired a new stake in PC Connection in the first quarter valued at $231,000. Institutional investors and hedge funds own 41.32% of the company’s stock.

About PC Connection (Get Rating)

PC Connection, Inc, together with its subsidiaries, provides a range of information technology (IT) solutions. The company operates through three segments: Business Solutions, Enterprise Solutions, and Public Sector Solutions. It offers IT products, such as computer systems, software and peripheral equipment, networking communications, and other products and accessories.

Further Reading

Insider Buying and Selling by Quarter for PC Connection (NASDAQ:CNXN)

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