Softcat (LON:SCT) Stock: Insider Mayank Prakash Purchases 2,645 Shares

Key Points

• Insider buying: Softcat insider Mayank Prakash purchased 2,645 shares at GBX 1,890 each, for a total investment of approximately £49,991.
• Stock performance: Shares traded at GBX 1,700, with a market capitalization of about £3.66 billion and a 52-week range of GBX 1,083 to GBX 2,134.
• Analyst outlook: Analysts maintain a consensus “Hold” rating with an average price target of GBX 1,993.75, though individual targets range from GBX 1,700 to GBX 2,400.

Softcat plc (LON:SCT - Get Free Report) insider Mayank Prakash acquired 2,645 shares of Softcat stock in a transaction that occurred on Friday, October 16th. The shares were bought at an average price of GBX 1,890 per share, with a total value of £49,990.50.

Softcat Stock Performance

Softcat stock traded up GBX 3 during midday trading on Friday, reaching GBX 1,700. 1,339,130 shares of the stock traded hands, compared to its average volume of 1,776,860. The company has a current ratio of 1.39, a quick ratio of 1.38 and a debt-to-equity ratio of 10.41. The firm has a fifty day moving average price of GBX 1,935.22 and a two-hundred day moving average price of GBX 1,742.66. The firm has a market cap of £3.66 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 11.51 and a beta of 0.58. Softcat plc has a fifty-two week low of GBX 1,083 and a fifty-two week high of GBX 2,134.

Softcat (LON:SCT - Get Free Report) last released its quarterly earnings results on Wednesday, October 14th. The company reported GBX 75.80 earnings per share for the quarter. Softcat had a return on equity of 46.24% and a net margin of 7.61%. On average, equities research analysts forecast that Softcat plc will post 60.72 earnings per share for the current year.

Analysts Set New Price Targets

SCT has been the topic of several analyst reports. JPMorgan Chase & Co. raised their target price on Softcat from GBX 1,950 to GBX 2,300 and gave the company an "overweight" rating in a research report on Monday, September 7th. Jefferies Financial Group reaffirmed a "hold" rating and issued a GBX 1,700 price objective on shares of Softcat in a report on Wednesday. Deutsche Bank Aktiengesellschaft downgraded shares of Softcat to a "hold" rating and upped their price objective for the stock from GBX 1,800 to GBX 2,140 in a report on Wednesday, August 26th. Finally, Berenberg Bank reiterated a "buy" rating and issued a GBX 2,400 target price on shares of Softcat in a research report on Friday. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Softcat presently has a consensus rating of "Hold" and an average target price of GBX 1,993.75.

Softcat Company Profile

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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