ePlus COO Darren Raiguel disposes of $79,542 in company stock

Darren S. Raiguel, Chief Operating Officer at EPLUS INC (NASDAQ:PLUS), sold 854 shares of company common stock worth $79,542 on September 14 and 15, 2026. The trades occurred within a range of $93.00 to $93.60 per share. The present stock price is $96.44, which is 3% below its 52-week high of $99.64. Raiguel had established a Rule 10b5-1 trading plan for these sales on November 10, 2025.

He sold 384 shares on September 14, with trades priced between $93.01 and $93.34 per share, yielding a weighted average price of $93.1752. The following day, September 15, saw the sale of 470 shares at a weighted average price of $93.1139, with prices fluctuating between $93.00 and $93.60 per share. These shares are indirectly held through the Darren S. Raiguel Trust, which, along with Mr. Raiguel and his spouse as the sole trustees and beneficiaries, currently owns 67,182 shares indirectly.

In addition, Mr. Raiguel holds 35,427 shares of EPLUS common stock directly. Analyzing the current stock valuation, InvestingPro suggests it is undervalued. Investors can obtain further insights through Pro Research Reports and 6 ProTips for PLUS on the platform. ePlus also recently announced robust second-quarter earnings, surpassing Wall Street predictions.

The company reported adjusted earnings of $1.82 per share, surpassing the estimated $1.58 per share. Revenue exceeded expectations at $667.9 million, marking a 9.7% increase from the prior year. Furthermore, ePlus revised its fiscal 2027 outlook, reflecting confidence in its future performance. The company's gross margin improved to 27.0%, driven by a stronger product mix and operating leverage.

Quarterly gross billings reached a record $1.07 billion, with open orders surpassing $1.8 billion. Despite the positive news, the stock saw a decline during regular trading hours but recovered slightly afterward, indicating a mixed response from investors. Management credited gains in its technology solutions business, encompassing product sales, managed services, and professional services.

This report was AI-generated and reviewed by an editor. For more information, see our Terms and Conditions.