May 27, 2024

excellentpix

Unlimited Technology

Patricia Gallup Sells 1,444 Shares of PC Connection, Inc. (NASDAQ:CNXN) Stock

PC Connection, Inc. (NASDAQ:CNXN – Get Rating) Chairman Patricia Gallup sold 1,444 shares of PC Connection stock in a transaction on Thursday, March 3rd. The shares were sold at an average price of $49.78, for a total value of $71,882.32. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

  • On Wednesday, February 23rd, Patricia Gallup sold 2,553 shares of PC Connection stock. The shares were sold at an average price of $48.18, for a total value of $123,003.54.
  • On Monday, February 14th, Patricia Gallup sold 4,700 shares of PC Connection stock. The shares were sold at an average price of $48.10, for a total value of $226,070.00.
  • On Tuesday, February 8th, Patricia Gallup sold 7,496 shares of PC Connection stock. The shares were sold at an average price of $49.19, for a total value of $368,728.24.
  • On Wednesday, February 2nd, Patricia Gallup sold 2,500 shares of PC Connection stock. The shares were sold at an average price of $43.03, for a total value of $107,575.00.
  • On Monday, January 24th, Patricia Gallup sold 6,142 shares of PC Connection stock. The shares were sold at an average price of $43.14, for a total value of $264,965.88.
  • On Tuesday, January 4th, Patricia Gallup sold 2,116 shares of PC Connection stock. The shares were sold at an average price of $43.57, for a total value of $92,194.12.
  • On Tuesday, December 28th, Patricia Gallup sold 1,535 shares of PC Connection stock. The shares were sold at an average price of $44.19, for a total value of $67,831.65.
  • On Monday, December 20th, Patricia Gallup sold 4,399 shares of PC Connection stock. The shares were sold at an average price of $42.59, for a total value of $187,353.41.
  • On Tuesday, December 14th, Patricia Gallup sold 1,700 shares of PC Connection stock. The shares were sold at an average price of $44.11, for a total value of $74,987.00.
  • On Wednesday, December 8th, Patricia Gallup sold 1,842 shares of PC Connection stock. The shares were sold at an average price of $45.47, for a total value of $83,755.74.

Shares of CNXN stock opened at $50.07 on Wednesday. The stock has a 50-day moving average price of $45.31. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 18.82 and a beta of 0.62. PC Connection, Inc. has a 12 month low of $40.08 and a 12 month high of $51.47.

3 Stocks Set to Double

PC Connection (NASDAQ:CNXN – Get Rating) last issued its earnings results on Monday, February 7th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.15. PC Connection had a return on equity of 10.43% and a net margin of 2.42%. During the same quarter in the previous year, the company earned $0.62 EPS. Sell-side analysts anticipate that PC Connection, Inc. will post 2.9 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its holdings in PC Connection by 1.2% during the fourth quarter. BlackRock Inc. now owns 2,393,075 shares of the company’s stock worth $103,215,000 after buying an additional 29,104 shares during the last quarter. Vanguard Group Inc. boosted its holdings in PC Connection by 1.2% during the second quarter. Vanguard Group Inc. now owns 757,194 shares of the company’s stock worth $35,036,000 after buying an additional 8,734 shares during the last quarter. State Street Corp boosted its holdings in PC Connection by 3.3% during the fourth quarter. State Street Corp now owns 453,695 shares of the company’s stock worth $19,568,000 after buying an additional 14,413 shares during the last quarter. Northern Trust Corp boosted its holdings in PC Connection by 1.1% during the second quarter. Northern Trust Corp now owns 416,435 shares of the company’s stock worth $19,269,000 after buying an additional 4,417 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in PC Connection by 95.1% during the third quarter. Invesco Ltd. now owns 313,512 shares of the company’s stock worth $13,804,000 after buying an additional 152,809 shares during the last quarter. Hedge funds and other institutional investors own 41.32% of the company’s stock.

A number of analysts recently commented on the company. StockNews.com upgraded PC Connection from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 9th. Sidoti upgraded PC Connection from a “neutral” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Monday, January 24th. Finally, Zacks Investment Research upgraded PC Connection from a “hold” rating to a “strong-buy” rating and set a $57.00 price objective for the company in a research report on Wednesday, February 9th.

PC Connection Company Profile (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.

See Also

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

Want More Great Investing Ideas?

Receive News & Ratings for PC Connection Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for PC Connection and related companies with MarketBeat.com’s FREE daily email newsletter.

Source News