Shares of Softcat plc (LON:SCT – Get Free Report) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 1,544.78 ($20.06) and traded as low as GBX 1,484 ($19.28). Softcat shares last traded at GBX 1,498 ($19.46), with a volume of 169,499 shares trading hands.
Analysts Set New Price Targets
Separately, Shore Capital reiterated a “buy” rating on shares of Softcat in a research note on Friday, March 7th.
Get Our Latest Research Report on SCT
Softcat Trading Up 0.3 %
Insider Activity
In related news, insider Graham Charlton sold 15,380 shares of Softcat stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of GBX 1,489 ($19.34), for a total transaction of £229,008.20 ($297,451.88). Also, insider Jacqui Ferguson bought 3,038 shares of Softcat stock in a transaction that occurred on Tuesday, January 21st. The shares were bought at an average cost of GBX 1,470 ($19.09) per share, with a total value of £44,658.60 ($58,005.72). Insiders bought a total of 3,067 shares of company stock valued at $4,511,098 in the last quarter. Company insiders own 43.60% of the company’s stock.
Softcat Company Profile
Softcat plc operates as a value-added IT reseller and IT infrastructure solutions provider in the United Kingdom. The company advices, procures, designs, implements, and manages technology, such as software licensing, workplace technology, networking, security, and cloud and datacenter for businesses and public sector organizations.
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