SolarWinds Co. (NYSE:SWI) Receives $14.00 Consensus PT from Analysts

SolarWinds Co. (NYSE:SWI - Get Free Report) has earned an average rating of "Hold" from the five research firms that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $14.00.

SWI has been the subject of several research analyst reports. Scotiabank assumed coverage on SolarWinds in a research report on Friday, September 13th. They set a "sector perform" rating and a $13.00 target price for the company. Robert W. Baird lifted their price objective on shares of SolarWinds from $14.00 to $15.00 and gave the company a "neutral" rating in a report on Friday, November 1st.

Insider Transactions at SolarWinds

In related news, insider Jason Bliss sold 135,000 shares of the firm's stock in a transaction on Monday, November 4th. The stock was 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 trade represents a 13.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Sudhakar Ramakrishna sold 200,000 shares of the business's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $13.68, for a total value of $2,736,000.00. Following the sale, the chief executive officer now owns 2,212,171 shares in the company, valued at approximately $30,262,499.28. The trade was a 8.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 351,000 shares of company stock valued at $4,703,780 in the last quarter. 1.95% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On SolarWinds

A number of institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC grew its stake 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 worth $27,000 after purchasing an additional 1,603 shares during the period. nVerses Capital LLC acquired a new stake in SolarWinds during the second quarter valued at $41,000. Allworth Financial LP increased its holdings in SolarWinds by 732.1% in the third quarter. Allworth Financial LP now owns 3,786 shares of the software maker's stock valued at $49,000 after buying an additional 3,331 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of SolarWinds in the second quarter worth about $58,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of SolarWinds by 24.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,071 shares of the software maker's stock worth $66,000 after acquiring an additional 1,001 shares in the last quarter. Institutional investors and hedge funds own 93.96% of the company's stock.

SolarWinds Stock Up 0.2 %

NYSE SWI opened at $13.32 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.88. SolarWinds has a 52 week low of $10.14 and a 52 week high of $14.02. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 60.55 and a beta of 0.96. The company has a fifty day moving average of $12.99 and a two-hundred day moving average of $12.37.

SolarWinds (NYSE:SWI - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The software maker reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.02. The company 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 firm's revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.11 EPS. On average, analysts predict that SolarWinds will post 0.74 earnings per share for the current year.

SolarWinds Company Profile

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.