Insider Selling: PC Connection, Inc. (CNXN) Director Sells $30,949.88 in Stock
PC Connection, Inc. (NASDAQ:CNXN) Director Barbara Duckett sold 1,123 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $27.56, for a total transaction of $30,949.88. Following the transaction, the director now directly owns 15,877 shares of the company’s stock, valued at approximately $437,570.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of PC Connection, Inc. (NASDAQ CNXN) traded down $0.54 during midday trading on Friday, hitting $26.11. 56,657 shares of the company were exchanged, compared to its average volume of 37,295. PC Connection, Inc. has a fifty-two week low of $23.52 and a fifty-two week high of $30.48. The company has a market capitalization of $700.17, a PE ratio of 14.27, a P/E/G ratio of 1.80 and a beta of 1.59.
PC Connection (NASDAQ:CNXN) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.49 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.49. PC Connection had a net margin of 1.63% and a return on equity of 10.84%. The business had revenue of $729.23 million for the quarter, compared to analysts’ expectations of $727.84 million. During the same period in the previous year, the business earned $0.53 earnings per share. The company’s revenue was up 2.9% on a year-over-year basis. equities analysts anticipate that PC Connection, Inc. will post 1.81 earnings per share for the current fiscal year.
Several equities analysts have recently issued reports on the stock. ValuEngine downgraded shares of PC Connection from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Zacks Investment Research cut shares of PC Connection from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th.
About PC Connection
PC Connection, Inc is a provider of a range of information technology (IT) solutions. The Company conducts its business operations through three business segments: small- to medium-sized businesses (SMB), Large Account and Public Sector. The Company enables customers to design, enable, manage and service their IT environments.
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