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Graham Charlton Buys 9 Shares of Softcat plc (LON:SCT) Stock

Softcat logo with Computer and Technology background

Key Points

  • Insider Graham Charlton purchased 9 shares of Softcat plc at an average price of GBX 1,588 ($21.35), totaling £142.92 ($192.15).
  • Softcat's shares have received upgraded ratings from analysts, with a target price of GBX 1,800 ($24.20) from Liberum Capital and GBX 1,950 ($26.22) from Shore Capital.
  • The company operates as a value-added IT reseller in the UK, providing technology solutions including software licensing and cloud management to businesses and public sector organizations.
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Softcat plc (LON:SCT - Get Free Report) insider Graham Charlton bought 9 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was bought at an average price of GBX 1,588 ($21.35) per share, with a total value of £142.92 ($192.15).

Graham Charlton also recently made the following trade(s):

  • On Monday, June 9th, Graham Charlton purchased 9 shares of Softcat stock. The shares were acquired at an average cost of GBX 1,815 ($24.40) per share, for a total transaction of £163.35 ($219.62).

Softcat Price Performance

LON SCT opened at GBX 1,587 ($21.34) on Monday. The company has a 50 day simple moving average of GBX 1,708.55 and a 200-day simple moving average of GBX 1,655.07. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.60 and a quick ratio of 1.38. The firm has a market capitalization of £3.16 billion, a price-to-earnings ratio of 26.57, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. Softcat plc has a 52-week low of GBX 1,427 ($19.19) and a 52-week high of GBX 1,960 ($26.35).

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SCT shares. Liberum Capital raised shares of Softcat to a "buy" rating and set a GBX 1,800 ($24.20) price target on the stock in a research report on Thursday, July 24th. Shore Capital reissued a "buy" rating and set a GBX 1,950 ($26.22) target price on shares of Softcat in a research report on Friday, August 1st. Finally, JPMorgan Chase & Co. reissued a "neutral" rating on shares of Softcat in a research report on Friday, July 18th.

Read 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.

Further Reading

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

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