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 acquired 10 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was acquired at an average cost of GBX 1,588 ($21.35) per share, for a total transaction of £158.80 ($213.50).

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

• On Monday, June 9th, Kathryn Mecklenburgh purchased 8 shares of Softcat stock. The shares were purchased at an average cost of GBX 1,815 ($24.40) per share, for a total transaction of £145.20 ($195.21).

Softcat Stock Down 0.0%

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

Analyst Ratings Changes

Several research firms have issued reports on SCT. 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 note on Thursday, July 24th. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Softcat in a report on Friday, July 18th. Finally, Shore Capital reiterated a "buy" rating and set a GBX 1,950 ($26.22) 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.

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