PC Connection director David Beffa-Negrini sells $405,250 in stock

PC Connection, Inc. (NASDAQ:CNXN) disclosed on August 14, 2026, that director David Beffa-Negrini sold 5,000 shares of the company's common stock. The transaction amounted to $405,250, with shares exchanged at an average price of $81.05 apiece. The sale took place in several transactions, each at prices ranging from $81.01 to $81.31.

Beffa-Negrini now directly owns 60,875 shares of PC Connection common stock following this sale. PC Connection shares have risen 62% year-to-date, presently trading at $92.81, close to the 52-week high of $93.89. The stock may have been overvalued according to InvestingPro analysis, potentially impacting the timing of this insider sale.

Connection's second-quarter 2026 results were record-breaking, with diluted earnings per share of $1.31, exceeding the expected $1.04 by 26%. Net sales surged 12.4% to $854 million, marking the company's highest quarterly performance in terms of net sales, gross billings, gross profit, operating income, and net income. Gross billings climbed 14% to $1.2 billion, indicating robust demand, especially as enterprise customers move from AI testing to full deployment.

Operating income jumped 39.2% to a record $43 million, attributing the growth to improved margins and operating leverage. Despite the strong performance, management expects third-quarter revenue to be slightly below the second quarter's figures on a sequential basis, though year-over-year growth is anticipated to stay in the high single digits.

Analysts have recognized Connection's performance, commending the positive effects of stronger margins and operating leverage on earnings, suggesting a thriving demand environment and strategic customer shifts that may shape future growth.