The Senior Vice President-Strategic Solutions and S… of CDW Corp (NASDAQ: CDW) is Selling Shares

By Carrie Williams

Today, the Senior Vice President-Strategic Solutions and S… of CDW Corp (NASDAQ: CDW), Douglas Eckrote, sold shares of CDW for $3.52M.

Following Douglas Eckrote’s last CDW Sell transaction on August 20, 2015, the stock climbed by 5.5%.

Based on CDW Corp’s latest earnings report from June 30, the company posted quarterly revenue of $3.66B and quarterly net profit of $117.5M. In comparison, last year the company earned revenue of $3.5B and had a net profit of $150.9M. The company has a one year high of $47.50 and a one year low of $30.40. CDW’s market cap is $7.02B and the company has a P/E ratio of 17.92.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $49.00, reflecting a -9.9% downside.

The insider sentiment on CDW Corp has been neutral according to 32 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

CDW Corp. engages in the provision of integrated information technology solutions. Its offerings ranges from discrete hardware and software products to integrated IT solutions such as mobility, security, data center optimization, cloud computing, virtualization, and collaboration. It operates through the Corporate and Public segments. The Corporate segment comprises primarily of private sector business customers. The Public segment involves government agencies, education, and healthcare institutions. The company was founded in 1984 by Michael P. Krasny and is headquartered in Vernon Hills, IL.