Brandon H. Laverne Sells 900 Shares of PCM Inc. (PCMI) Stock
PCM Inc. (NASDAQ:PCMI) CFO Brandon H. Laverne sold 900 shares of the business’s stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $20.50, for a total value of $18,450.00. Following the completion of the transaction, the chief financial officer now directly owns 8,964 shares of the company’s stock, valued at approximately $183,762. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
PCM Inc. (NASDAQ:PCMI) opened at 19.20 on Tuesday. The company has a 50-day moving average price of $20.86 and a 200-day moving average price of $15.90. PCM Inc. has a 12-month low of $7.48 and a 12-month high of $24.53. The firm’s market cap is $226.81 million.
PCMI has been the subject of several analyst reports. B. Riley reissued a “buy” rating and issued a $14.00 price objective on shares of PCM in a report on Monday, July 25th. Zacks Investment Research raised PCM from a “hold” rating to a “strong-buy” rating and set a $18.00 price objective for the company in a report on Saturday, July 30th. Finally, Roth Capital cut PCM from a “buy” rating to a “neutral” rating in a report on Thursday, August 25th.
Several institutional investors have recently modified their holdings of PCMI. Bank of New York Mellon Corp raised its position in shares of PCM by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 46,261 shares of the company’s stock valued at $515,000 after buying an additional 373 shares during the last quarter. Royce & Associates LP raised its position in shares of PCM by 4.0% in the second quarter. Royce & Associates LP now owns 1,065,356 shares of the company’s stock valued at $11,868,000 after buying an additional 40,668 shares during the last quarter. Weber Alan W raised its position in shares of PCM by 2.8% in the second quarter. Weber Alan W now owns 25,700 shares of the company’s stock valued at $286,000 after buying an additional 700 shares during the last quarter. Mork Capital Management LLC purchased a new position in shares of PCM during the second quarter valued at about $557,000. Finally, Stifel Financial Corp purchased a new position in shares of PCM during the second quarter valued at about $3,788,000. 42.26% of the stock is currently owned by institutional investors.
PCM, Inc is engaged in providing technology products, services and solutions through direct marketing channels, and owned and operated data centers. The Company offers technology products, solutions and other consumer products. Its segments include Commercial, Public Sector, MacMall, Canada, and Corporate & Other.
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