SolarWinds Co. (NYSE:SWI - Get Free Report) insider Jason Bliss sold 135,000 shares of the firm's stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $13.02, for a total value of $1,757,700.00. Following the completion of the transaction, the insider now owns 838,789 shares in the company, valued at $10,921,032.78. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
SolarWinds Stock Performance
Shares of SWI traded up $0.58 during trading hours on Wednesday, hitting $13.99. The company's stock had a trading volume of 1,151,937 shares, compared to its average volume of 555,608. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 63.55 and a beta of 0.96. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.71 and a quick ratio of 0.62. The business has a 50 day simple moving average of $12.75 and a two-hundred day simple moving average of $12.17. SolarWinds Co. has a 52-week low of $10.14 and a 52-week high of $14.02.
SolarWinds (NYSE:SWI - Get Free Report) last posted its earnings results on Thursday, October 31st. The software maker reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. The firm had revenue of $200.03 million during the quarter, compared to the consensus estimate of $194.03 million. SolarWinds had a net margin of 4.93% and a return on equity of 7.96%. The company's revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the company earned $0.11 earnings per share. On average, equities analysts expect that SolarWinds Co. will post 0.71 earnings per share for the current fiscal year.
Analyst Ratings Changes
SWI has been the subject of a number of research analyst reports. Robert W. Baird raised their price objective on shares of SolarWinds from $14.00 to $15.00 and gave the stock a "neutral" rating in a report on Friday, November 1st. Scotiabank initiated coverage on shares of SolarWinds in a report on Friday, September 13th. They set a "sector perform" rating and a $13.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat, SolarWinds presently has a consensus rating of "Hold" and an average target price of $14.00.
Check Out Our Latest Analysis on SWI
Hedge Funds Weigh In On SolarWinds
Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in SolarWinds by 344.7% during the third quarter. GAMMA Investing LLC now owns 2,068 shares of the software maker's stock valued at $27,000 after acquiring an additional 1,603 shares in the last quarter. nVerses Capital LLC purchased a new position in SolarWinds during the second quarter valued at approximately $41,000. Allworth Financial LP grew 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 valued at $49,000 after acquiring an additional 3,331 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in SolarWinds during the second quarter valued at approximately $58,000. Finally, Ameritas Investment Partners Inc. purchased a new position in SolarWinds during the first quarter valued at approximately $62,000. Hedge funds and other institutional investors own 93.96% of the company's stock.
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.
Further Reading
Before you consider SolarWinds, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SolarWinds wasn't on the list.
While SolarWinds currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
