SolarWinds (NYSE:SWI) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

SolarWinds Co. (NYSE:SWI - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $14.32 and traded as high as $18.35. SolarWinds shares last traded at $18.29, with a volume of 2,078,808 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Wedbush downgraded shares of SolarWinds from an "outperform" rating to a "neutral" rating and reduced their target price for the stock from $20.00 to $18.50 in a research note on Friday, February 7th. Truist Financial reiterated a "hold" rating and issued a $18.50 price objective (up from $13.00) on shares of SolarWinds in a research note on Monday, February 10th. Scotiabank increased their target price on SolarWinds from $15.00 to $18.50 and gave the stock a "sector perform" rating in a research report on Monday, February 10th. Royal Bank of Canada raised their price target on SolarWinds from $13.00 to $16.00 and gave the stock a "sector perform" rating in a report on Tuesday, January 21st. Finally, Robert W. Baird boosted their price objective on SolarWinds from $15.00 to $18.50 and gave the company a "neutral" rating in a research note on Monday, February 10th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $18.00.

SolarWinds Trading Down 0.1 %

The stock has a market cap of $3.14 billion, a P/E ratio of 29.02 and a beta of 0.93. The firm's fifty day moving average price is $16.28 and its two-hundred day moving average price is $14.32. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.85 and a quick ratio of 0.71.

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SolarWinds (NYSE:SWI - Get Free Report) last announced its earnings results on Wednesday, February 12th. The software maker reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.14. SolarWinds had a return on equity of 12.19% and a net margin of 14.04%. As a group, equities research analysts forecast that SolarWinds Co. will post 0.75 EPS for the current year.

Institutional Trading of SolarWinds

Several institutional investors and hedge funds have recently made changes to their positions in SWI. Sterling Capital Management LLC grew its position in SolarWinds by 808.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,744 shares of the software maker's stock worth $25,000 after acquiring an additional 1,552 shares in the last quarter. R Squared Ltd bought a new stake in SolarWinds during the fourth quarter worth about $38,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of SolarWinds by 75.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,299 shares of the software maker's stock worth $76,000 after purchasing an additional 2,279 shares in the last quarter. State of Wyoming increased its position in shares of SolarWinds by 208.0% during the 4th quarter. State of Wyoming now owns 6,258 shares of the software maker's stock valued at $89,000 after purchasing an additional 4,226 shares during the last quarter. Finally, West Tower Group LLC raised its holdings in shares of SolarWinds by 38.3% during the 3rd quarter. West Tower Group LLC now owns 7,221 shares of the software maker's stock valued at $94,000 after buying an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 93.96% of the company's stock.

About SolarWinds

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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