Eplus Inc. (NASDAQ:PLUS) Chief Operating Officer Darren S. Raiguel sold common stock valued at approximately $419,379 over two consecutive trading days in November 2026, regulatory filings show. The transactions were carried out under a pre-arranged Rule 10b5-1 trading plan that Raiguel adopted on November 10, 2025.
The sales took place on November 11 and November 12, 2026. Shares changed hands at prices between $98.00 and $99.59. On November 11, Raiguel sold 2,783 shares at a weighted average price of $98.1214. The following day, he sold 1,165 shares at a weighted average price of $98.3227 and an additional 320 shares at a weighted average price of $99.2552. In total, 4,268 shares were sold.
The timing of the sales is notable because the stock is trading near its 52-week high of $99.64, according to InvestingPro data. The company maintains a market cap of $2.5 billion with a P/E ratio of 20.27.
Following these transactions, Raiguel directly holds 35,427 shares of Eplus common stock. An additional 60,768 shares are held indirectly through the Darren S. Raiguel Trust, for which Raiguel and his spouse serve as sole trustees and beneficiaries.
In other recent news, ePlus reported better-than-expected financial results for the second quarter of 2026, surpassing Wall Street’s forecasts. The company achieved adjusted earnings of $1.82 per share on revenue of $667.9 million, exceeding the anticipated $1.58 per share and $644.85 million, respectively. This marks a 15.2% beat on earnings per share and a 3.6% increase in revenue compared to analyst estimates.
Additionally, ePlus improved its gross margin to 27.0%, benefiting from a stronger product mix and enhanced operating leverage. The company also set a new record with quarterly gross billings of $1.07 billion and open orders exceeding $1.8 billion. In light of these results, ePlus raised its fiscal 2027 outlook for sales, gross profit, and adjusted EBITDA.
Despite the positive earnings report, the stock experienced an initial drop during regular trading hours. However, it rebounded slightly after hours, indicating mixed investor sentiment regarding future growth.