Softcat plc (LON:SCT) Insider Kathryn Mecklenburgh Acquires 10 Shares

Key Points

• Kathryn Mecklenburgh, an insider at Softcat plc, purchased 10 shares of the company for a total of £158.80 ($213.50) at an average price of GBX 1,588 ($21.35) per share on August 7th.
• Softcat's stock has been rated as a "buy" by Liberum Capital with a price target of GBX 1,800 ($24.20) and continues to have a current valuation amid fluctuations, with a market capitalization of £3.16 billion.
• As of Monday, the stock opened at GBX 1,587 ($21.34), maintaining a 12-month trading range with a low of GBX 1,427 ($19.19) and a high of GBX 1,960 ($26.35).

Softcat plc (LON:SCT - Get Free Report) insider Kathryn Mecklenburgh purchased 10 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The stock was bought at an average cost of GBX 1,588 ($21.49) per share, with a total value of £158.80 ($214.86).

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

• On Monday, June 9th, Kathryn Mecklenburgh bought 8 shares of Softcat stock. The shares were bought at an average cost of GBX 1,815 ($24.56) per share, with a total value of £145.20 ($196.46).

Softcat Trading Up 0.0%

LON:SCT traded up GBX 0.03 ($0.00) during trading hours on Friday, hitting GBX 1,558.03 ($21.08). The stock had a trading volume of 283,829 shares, compared to its average volume of 761,689. The business's 50 day moving average is GBX 1,689.86 and its 200-day moving average is GBX 1,654.52. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.38 and a current ratio of 1.60. Softcat plc has a one year low of GBX 1,427 ($19.31) and a one year high of GBX 1,960 ($26.52). The company has a market cap of £3.10 billion, a price-to-earnings ratio of 26.08, a P/E/G ratio of 11.51 and a beta of 0.71.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on SCT shares. Liberum Capital upgraded Softcat to a "buy" rating and set a GBX 1,800 ($24.35) target price on the stock in a research report on Thursday, July 24th. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Softcat in a research note on Friday, July 18th. Finally, Shore Capital restated a "buy" rating and set a GBX 1,950 ($26.38) price objective on shares of Softcat in a report on Friday, August 1st.

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.