SolarWinds Co. (NYSE:SWI) Director Sells $210,080.00 in Stock

by · The Cerbat Gem

SolarWinds Co. (NYSE:SWI – Get Free Report) Director William G. Bock sold 16,000 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $13.13, for a total transaction of $210,080.00. Following the completion of the sale, the director now owns 88,857 shares of the company’s stock, valued at approximately $1,166,692.41. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

SolarWinds Stock Performance

NYSE:SWI traded down $0.30 during mid-day trading on Thursday, reaching $13.69. 867,745 shares of the company’s stock were exchanged, compared to its average volume of 557,053. SolarWinds Co. has a one year low of $10.14 and a one year high of $14.02. The firm has a market capitalization of $2.34 billion, a PE ratio of 63.59 and a beta of 0.96. The business’s fifty day simple moving average is $12.78 and its two-hundred day simple moving average is $12.19. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.62 and a current ratio of 0.71.

SolarWinds (NYSE:SWI – Get Free Report) last released its earnings results on Thursday, October 31st. The software maker reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. The firm had revenue of $200.03 million for the quarter, compared to analyst estimates of $194.03 million. SolarWinds had a net margin of 4.93% and a return on equity of 7.96%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the firm earned $0.11 EPS. Analysts anticipate that SolarWinds Co. will post 0.71 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SolarWinds

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC grew its holdings in shares of SolarWinds by 344.7% during the 3rd quarter. GAMMA Investing LLC now owns 2,068 shares of the software maker’s stock valued at $27,000 after purchasing an additional 1,603 shares during the last quarter. nVerses Capital LLC bought a new position in SolarWinds during the second quarter worth $41,000. Allworth Financial LP boosted its stake in SolarWinds by 732.1% during the third quarter. Allworth Financial LP now owns 3,786 shares of the software maker’s stock worth $49,000 after acquiring an additional 3,331 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in SolarWinds during the second quarter worth $58,000. Finally, Ameritas Investment Partners Inc. bought a new position in SolarWinds during the first quarter worth $62,000. 93.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SWI has been the subject of a number of research reports. Robert W. Baird raised their target price on shares of SolarWinds from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Scotiabank initiated coverage on shares of SolarWinds in a research note on Friday, September 13th. They set a “sector perform” rating and a $13.00 target price for the company. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $14.00.

Check Out Our Latest Stock Analysis on SolarWinds

SolarWinds Company Profile

(Get Free Report)

SolarWinds Corporation provides information technology (IT) management software products in the United States and internationally. It provides a suite of network management software that offers real-time visibility into network utilization and bandwidth, as well as the ability to detect, diagnose, and resolve network performance problems; and a suite of infrastructure management products, which monitors and analyzes the performance of applications and their supporting infrastructure, including servers, physical, virtual and cloud infrastructure, storage, and databases.

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