{
  "id": 13602070,
  "title": "PC Connection director David Beffa-Negrini sells $405,250 in stock",
  "url": "https://urgent.news/2026/10/11/pc-connection-director-david-beffa-negrini-sells-405-250-in-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-11T01:16:01.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/pc-connection-director-david-beffanegrini-sells-405250-in-stock-93CH-4942385"
  },
  "original_language": "en",
  "account": "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.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Workday director David Duffield sells $18.5m in shares",
        "url": "https://urgent.news/2026/10/11/workday-director-david-duffield-sells-18-5m-in-shares",
        "published": "2026-10-11T00:31:19.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}