Martin Hellawell Sells 99,292 Shares of Softcat PLC (SCT) Stock
Softcat PLC (LON:SCT) insider Martin Hellawell sold 99,292 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of GBX 873 ($11.41), for a total value of £866,819.16 ($1,132,652.76).
Martin Hellawell also recently made the following trade(s):
- On Monday, January 28th, Martin Hellawell sold 848,451 shares of Softcat stock. The shares were sold at an average price of GBX 665 ($8.69), for a total value of £5,642,199.15 ($7,372,532.54).
Shares of LON SCT opened at GBX 809 ($10.57) on Wednesday. The stock has a market capitalization of $1.59 billion and a price-to-earnings ratio of 25.60. Softcat PLC has a fifty-two week low of GBX 551 ($7.20) and a fifty-two week high of GBX 906 ($11.84).
Several equities research analysts have weighed in on SCT shares. Berenberg Bank reissued a “buy” rating and issued a GBX 900 ($11.76) price target on shares of Softcat in a report on Thursday, January 10th. Credit Suisse Group lowered their price target on Softcat from GBX 800 ($10.45) to GBX 660 ($8.62) and set a “neutral” rating for the company in a report on Thursday, November 29th.
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Softcat plc primarily acts as a value-added IT reseller and IT infrastructure solutions provider in the United Kingdom. The company advices, designs, procures, implements, and manages technology for businesses and public sector organizations, such as software licensing, workplace technology, networking, security, and cloud and datacenter.
Further Reading: Cost of Capital Explained
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