PC Connection chairman Gallup sells $1.22 million in stock By Investing.com

Patricia Gallup, Chairman and Chief Administrative Officer of PC Connection Inc. (), recently sold shares of the company’s common stock totaling approximately $1.22 million. The transactions occurred over two days, August 4 and August 5, 2026.

The sales involved a total of 14,284 shares, which were executed at prices ranging from $84.09 to $87.47 per share. These transactions were conducted by the David Hall Trust 2003, an irrevocable trust for which Ms. Gallup serves as the sole trustee and beneficiary. The sales were carried out under a Rule 10b5-1 trading plan, which was adopted by the trust on March 9, 2026.The timing of the sale comes as PC Connection stock trades near its 52-week high of $88.31, according to InvestingPro data. The stock has delivered strong returns with a year-to-date gain of 51% and currently appears overvalued based on InvestingPro’s Fair Value analysis. For investors seeking deeper insights, a comprehensive Pro Research Report is available, offering expert analysis on CNXN alongside 12 additional ProTips.

Following these transactions, Ms. Gallup directly holds 533,258 shares of PC Connection common stock. She also maintains significant indirect beneficial ownership through various trusts where she is the sole trustee, including the Abbott Brook Trust, North Branch Trust, Comack Trust-B, Abbott Brook Trust-B, and Abbott Brook Trust II, holding a combined total of 6,181,837 shares. An additional 15,133 shares are held indirectly by her spouse, though Ms. Gallup disclaims beneficial ownership of these securities except to the extent of her pecuniary interest.

In other recent news, Connection reported record-breaking results for the second quarter of 2026. The company achieved diluted earnings of $1.31 per share, surpassing analysts’ expectations of $1.04 per share by 26%. Net sales increased by 12.4% to $854 million, marking a significant milestone for Connection. Additionally, gross billings rose 14% to $1.2 billion, indicating strong demand. The company experienced growth across major financial metrics, with operating income climbing 39.2% to a record $43 million. Connection noted that enterprise customers are transitioning from AI testing to broader deployment, which is boosting spending on infrastructure and services. Management anticipates that third-quarter revenue will be slightly below the second quarter on a sequential basis, but expects year-over-year growth to remain in the high single digits.

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