Insider Buying: Softcat (LON:SCT) Insider Buys £3,599.20 in Stock

Softcat plc (LON:SCT) insider Kathryn Mecklenburgh acquired 176 shares of the firm’s stock in a transaction dated Monday, September 7th. The stock was bought at an average price of GBX 2,045 per share, with a total value of £3,599.20.

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

• On Friday, August 7th, Kathryn Mecklenburgh bought 7 shares of Softcat stock. The stock was bought at an average cost of GBX 1,991 per share, for a total transaction of £139.37.
• On Tuesday, July 7th, Kathryn Mecklenburgh bought 8 shares of Softcat stock. The shares were bought at an average price of GBX 1,936 per share, for a total transaction of £154.88.

Softcat Stock Performance

SCT opened at GBX 1,838 on Friday. The business’s 50-day simple moving average is GBX 1,963.87 and its 200 day simple moving average is GBX 1,621.66. Softcat plc has a 52-week low of GBX 1,083 and a 52-week high of GBX 2,134. The company has a debt-to-equity ratio of 13.07, a quick ratio of 1.38 and a current ratio of 1.25. The firm has a market capitalization of £3.61 billion, a PE ratio of 26.22, a PEG ratio of 11.51 and a beta of 0.57.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Berenberg Bank increased their price objective on Softcat from GBX 1,900 to GBX 1,950 and gave the company a “buy” rating in a report on Tuesday, May 26th. JPMorgan Chase & Co. boosted their target price on shares of Softcat from GBX 1,950 to GBX 2,300 and gave the stock an “overweight” rating in a report on Monday. Royal Bank Of Canada lowered shares of Softcat to a “neutral” rating and upped their price target for the stock from GBX 1,550 to GBX 1,950 in a research report on Monday, June 15th. Deutsche Bank Aktiengesellschaft cut shares of Softcat to a “hold” rating and increased their price target for the company from GBX 1,800 to GBX 2,140 in a research note on Wednesday, August 26th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a GBX 1,700 price objective on shares of Softcat in a research report on Thursday, June 25th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of GBX 1,937.50.

About Softcat

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.