PC Connection (CNXN) Chairman Gallup Sells $498K of Stock

Patricia Gallup, the Chairman and Chief Administrative Officer of CNXN, sold 7,142 shares of the company on June 23, 2026. The shares were sold at an average price of $69.73, totaling approximately $497,993.81. This transaction was part of a planned sale under Rule 10b5-1.

Insider Buying and Selling at PC Connection, Inc.

Patricia Gallup has been active in selling shares of CNXN recently. On June 24, 2026, she sold another 7,142 shares at an average price of $70.08. Earlier in the month, on June 9 and June 8, she sold 7,384 and 6,924 shares respectively, with prices around $71.92 and $72.09. These transactions were also planned. In April, Timothy McGrath, CNXN's President and CEO, sold 3,935 shares at $59.98 and executed a zero-price transaction involving 10,000 shares.

Other Institutional Activity in CNXN

Institutional investors have been active in CNXN. BlackRock, Inc. reduced its holdings by 25,293 shares, leaving it with 2,221,652 shares valued at about $129.88 million, a 1.1% decrease. Dimensional Fund Advisors LP added 4,345 shares, bringing its total to 1,526,494 shares worth $89.24 million, marking a 0.3% increase. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both opened new positions, acquiring 508,637 and 490,677 shares, valued at approximately $29.73 million and $28.68 million, respectively. Meanwhile, State Street Corp increased its stake by 2,594 shares to 450,115 shares, valued at $26.31 million, a 0.6% rise. Geode Capital Management, LLC also boosted its holdings by 13,989 shares, reaching 390,990 shares worth $22.86 million, up by 3.7%.

PC Connection, Inc. Stock Down 18.7%

On Friday, CNXN shares traded around $70.46. The company, whose full market capitalization is not available, has seen its stock fluctuate between a 52-week low and high that was not provided. The stock's recent movement includes a 50-day moving average and a 200-day moving average, which are not detailed here.

Analysts Set New Price Targets

Sidoti maintained its 'buy' rating on CNXN with a price target of $64 on August 3, 2023. This reflects continued confidence in the company's performance.

Bottom Line

Patricia Gallup's planned sales of CNXN shares highlight insider activity, while institutional moves show varied interest in the stock. Investors and analysts continue to watch CNXN for its market performance, with Sidoti maintaining a positive outlook. As with all 13F filings and insider transactions, these reports are historical and may not reflect current positions.