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

Patricia Gallup, Chairman & Chief Administrative Officer of PC Connection, Inc. (NasdaqGS: CNXN), sold 7,142 shares of the company's stock on June 23, 2026. The shares were sold at an average price of $69.73, amounting to a total transaction value of $497,993.81. This sale was part of a pre-arranged trading plan under Rule 10b5-1.

Insider Buying and Selling at PC Connection, Inc.

Patricia Gallup has been actively trading shares of PC Connection throughout June 2026. On June 24, she sold another 7,142 shares at a slightly higher price of $70.08. Earlier in the month, on June 9 and June 8, she sold 7,384 and 6,924 shares at prices of $71.92 and $72.09, respectively. These transactions were also planned under Rule 10b5-1. Additionally, Timothy McGrath, the President & CEO, sold 3,935 shares at $59.98 on April 1, 2026.

Other Institutional Activity in PC Connection

BlackRock, Inc. reduced its holdings in PC Connection by 25,293 shares, leaving it with 2,221,652 shares valued at approximately $129.88 million. Dimensional Fund Advisors LP slightly increased its stake by 4,345 shares, resulting in a total of 1,526,494 shares worth about $89.24 million. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both opened new positions, acquiring 508,637 and 490,677 shares valued at $29.73 million and $28.68 million, respectively. Meanwhile, State Street Corp added 2,594 shares, bringing its total to 450,115 shares, valued at $26.31 million.

PC Connection, Inc. Stock Down 18.0%

Shares of PC Connection, Inc. traded near $70.46 on Friday. The company, with a market capitalization of $1.79 billion, has a P/E ratio of 20.67 and a forward P/E of 16.79. The stock's 52-week range is between $54.97 and $75.00, with a 50-day moving average of $67.21 and a 200-day moving average of $61.92. PC Connection maintains a strong financial position with a current ratio of 2.71 and a quick ratio of 2.25.

Recent Earnings

PC Connection reported revenue of approximately $2.89 billion, reflecting a modest growth of 3%. The company's earnings per share (EPS) is $3.44, with a net margin of 3.02% and a return on equity (ROE) of 9.73%. The next earnings announcement is scheduled for July 29, 2026.

Dividend

PC Connection offers an annual dividend rate of $0.80, yielding 1.13%. The dividend payout ratio stands at 18.9%, indicating a conservative approach to dividend distribution.

About PC Connection

PC Connection, Inc. provides a wide range of information technology solutions, serving customers worldwide. The company operates through its segments: Connection Enterprise Solutions, Connection Business Solutions, and Connection Public Sector Solutions. It offers IT solutions including computer systems, data center solutions, and managed services. Headquartered in Merrimack, New Hampshire, PC Connection is led by CEO Timothy J. McGrath and employs approximately 2,525 people.

Bottom Line

Patricia Gallup's recent sale of PC Connection shares highlights ongoing insider activity within the company. Investors often track such activities for potential insights into company performance. It's important to remember that these transactions are reported after the fact and may not reflect the insider's current holdings or future intentions.