ePlus Inc. (NASDAQ: PLUS) disclosed that its Chief Operating Officer, Darren S. Raiguel, sold a total of 854 shares of company common stock on September 14 and 15, 2026, generating proceeds of $79,542. The transactions were executed at prices ranging from $93.00 to $93.60 per share, according to a regulatory filing.
The sales were conducted under a Rule 10b5-1 trading plan that Raiguel established on November 10, 2025. Such plans allow company insiders to set predetermined schedules for buying or selling shares, providing a defense against allegations of trading on material nonpublic information.
On September 14, Raiguel sold 384 shares at a weighted average price of $93.1752, with individual trades spanning $93.01 to $93.34 per share. The following day, he sold an additional 470 shares at a weighted average price of $93.1139, with prices between $93.00 and $93.60.
The shares are held indirectly through the Darren S. Raiguel Trust, for which Raiguel and his spouse serve as sole trustees and beneficiaries. After these transactions, the trust continues to hold 67,182 shares indirectly. Raiguel also directly owns 35,427 shares of ePlus common stock.
ePlus shares last traded at $96.44, which is 3% below the 52-week high of $99.64. The stock has shown resilience despite a mixed market reaction to the company's recent quarterly results.
In other recent developments, ePlus reported strong second-quarter earnings and revenue that surpassed Wall Street expectations. The company posted adjusted earnings of $1.82 per share, exceeding the forecast of $1.58 per share. Revenue came in at $667.9 million, above the anticipated $644.85 million and up 9.7% from the prior-year period.
ePlus also raised its fiscal 2027 outlook, signaling confidence in its future performance. The company's gross margin improved to 27.0%, supported by a stronger product mix and operating leverage. Record quarterly gross billings reached $1.07 billion, with open orders exceeding $1.8 billion.
Despite the positive results, the stock declined during the regular trading session but rebounded slightly after hours, suggesting a mixed reaction from investors. Management highlighted gains across its technology solutions business, including product sales, managed services, and professional services.
According to InvestingPro analysis, the stock appears undervalued at current levels. Investors seeking deeper insights can access comprehensive Pro Research Reports and 6 additional ProTips for PLUS on the platform.