Insider Selling: ePlus (NASDAQ:PLUS) COO Sells 284 Shares of Stock
by Amy Steele · The Cerbat GemePlus inc. (NASDAQ:PLUS – Get Free Report) COO Darren Raiguel sold 284 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $89.32, for a total transaction of $25,366.88. Following the sale, the chief operating officer directly owned 56,748 shares in the company, valued at $5,068,731.36. This trade represents a 0.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
ePlus Price Performance
NASDAQ:PLUS traded down $4.72 during trading hours on Tuesday, hitting $84.28. The stock had a trading volume of 234,695 shares, compared to its average volume of 175,319. The company has a 50 day simple moving average of $80.40 and a two-hundred day simple moving average of $83.77. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 16.76, a P/E/G ratio of 0.98 and a beta of 1.04. ePlus inc. has a one year low of $62.11 and a one year high of $93.98.
Institutional Trading of ePlus
Hedge funds have recently made changes to their positions in the stock. Meeder Asset Management Inc. purchased a new position in ePlus in the third quarter worth $29,000. Strengthening Families & Communities LLC bought a new position in ePlus in the third quarter valued at $31,000. Farther Finance Advisors LLC raised its position in ePlus by 47.8% during the third quarter. Farther Finance Advisors LLC now owns 439 shares of the software maker’s stock valued at $31,000 after purchasing an additional 142 shares in the last quarter. Osaic Holdings Inc. raised its position in ePlus by 361.9% during the second quarter. Osaic Holdings Inc. now owns 448 shares of the software maker’s stock valued at $32,000 after purchasing an additional 351 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in ePlus by 30.8% during the fourth quarter. GAMMA Investing LLC now owns 904 shares of the software maker’s stock worth $79,000 after purchasing an additional 213 shares during the last quarter. 93.80% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
PLUS has been the subject of several recent analyst reports. Zacks Research upgraded ePlus from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 6th. Wall Street Zen cut ePlus from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Finally, Weiss Ratings downgraded ePlus from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.
Read Our Latest Report on PLUS
ePlus Company Profile
ePlus Inc (NASDAQ:PLUS) is a technology solutions provider that helps enterprises and public-sector organizations maximize the value of their information technology investments. The company specializes in designing, implementing and managing complex IT infrastructures, with a focus on security, cloud computing, data center modernization and unified communications. By combining consulting services with software license management and hardware procurement, ePlus delivers end-to-end solutions that align with its clients’ strategic objectives.
The company’s offerings include cybersecurity assessments and managed security services, hybrid and public cloud deployments, network architecture and optimization, and collaboration platforms.