Insider Buying: Softcat (LON:SCT) Insider Purchases £154.88 in Stock

Softcat plc (LON:SCTGet Free Report) insider Kathryn Mecklenburgh purchased 8 shares of Softcat stock in a transaction dated Tuesday, July 7th. The shares were acquired at an average cost of GBX 1,936 per share, for a total transaction of £154.88.

Kathryn Mecklenburgh also recently made the following trade(s):

  • On Monday, June 8th, Kathryn Mecklenburgh acquired 8 shares of Softcat stock. The stock was acquired at an average price of GBX 1,897 per share, with a total value of £151.76.
  • On Thursday, May 7th, Kathryn Mecklenburgh bought 10 shares of Softcat stock. The shares were acquired at an average price of GBX 1,422 per share, for a total transaction of £142.20.
  • On Monday, April 27th, Kathryn Mecklenburgh purchased 7,352 shares of Softcat stock. The stock was acquired at an average cost of GBX 1,365 per share, with a total value of £100,354.80.
  • On Thursday, April 23rd, Kathryn Mecklenburgh acquired 24,461 shares of Softcat stock. The shares were bought at an average cost of GBX 1,332 per share, for a total transaction of £325,820.52.

Softcat Stock Down 4.4%

Shares of LON SCT traded down GBX 84 during mid-day trading on Wednesday, hitting GBX 1,835. The company had a trading volume of 198,521 shares, compared to its average volume of 2,356,380. The company has a market capitalization of £3.60 billion, a PE ratio of 26.18, a price-to-earnings-growth ratio of 11.51 and a beta of 0.58. The company has a debt-to-equity ratio of 13.07, a current ratio of 1.25 and a quick ratio of 1.38. Softcat plc has a 1-year low of GBX 1,083 and a 1-year high of GBX 1,977. The business’s 50-day simple moving average is GBX 1,666.60 and its 200 day simple moving average is GBX 1,418.50.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SCT shares. Deutsche Bank Aktiengesellschaft lifted their price objective on Softcat from GBX 1,700 to GBX 1,800 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Berenberg Bank raised their target price on shares of Softcat from GBX 1,900 to GBX 1,950 and gave the company a “buy” rating in a report on Tuesday, May 26th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 1,700 price target on shares of Softcat in a research note on Thursday, June 25th. Royal Bank Of Canada cut shares of Softcat to a “neutral” rating and boosted their price target for the stock from GBX 1,550 to GBX 1,950 in a report on Monday, June 15th. Finally, Shore Capital Group restated a “buy” rating on shares of Softcat in a report on Thursday, March 19th. Seven analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Softcat currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,957.

Get Our Latest Stock Analysis on SCT

Softcat Company Profile

(Get Free Report)

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. It also offers public cloud, collaboration, connectivity, data centre and private cloud, devices, and financial solution services. In addition, the company provides IT asset management, lifecycle solutions, modern management, security, software licensing, supply chain operation, and virtual desktop and application.

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Insider Buying and Selling by Quarter for Softcat (LON:SCT)

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