SolarWinds Co. (NYSE:SWI) CEO Sells $2,736,000.00 in Stock

SolarWinds Co. (NYSE:SWI - Get Free Report) CEO Sudhakar Ramakrishna sold 200,000 shares of SolarWinds stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $13.68, for a total value of $2,736,000.00. Following the completion of 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

SolarWinds Trading Down 0.8 %

NYSE SWI traded down $0.11 on Friday, reaching $13.58. 535,147 shares of the company were exchanged, compared to its average volume of 556,952. SolarWinds Co. has a fifty-two week low of $10.14 and a fifty-two week high of $14.02. The stock has a market capitalization of $2.32 billion, a P/E ratio of 61.73 and a beta of 0.96. The business's fifty day moving average price is $12.81 and its 200 day moving average price is $12.22. The company has a current ratio of 0.71, a quick ratio of 0.62 and a debt-to-equity ratio of 0.88.

SolarWinds (NYSE:SWI - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The software maker reported $0.27 earnings per share (EPS) 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 analysts' expectations of $194.03 million. SolarWinds had a net margin of 4.93% and a return on equity of 7.96%. SolarWinds's revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $0.11 earnings per share. Analysts forecast that SolarWinds Co. will post 0.74 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on SWI. Robert W. Baird increased their price objective on SolarWinds from $14.00 to $15.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Scotiabank initiated coverage on shares of SolarWinds in a research report on Friday, September 13th. They issued a "sector perform" rating and a $13.00 target price for the company. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $14.00.

Institutional Trading of SolarWinds

Several institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its holdings in SolarWinds by 24.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,071 shares of the software maker's stock valued at $66,000 after buying an additional 1,001 shares during the period. ProShare Advisors LLC lifted its holdings in shares of SolarWinds by 14.4% in the 1st quarter. ProShare Advisors LLC now owns 12,420 shares of the software maker's stock worth $157,000 after acquiring an additional 1,565 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of SolarWinds by 344.7% in the 3rd quarter. GAMMA Investing LLC now owns 2,068 shares of the software maker's stock worth $27,000 after acquiring an additional 1,603 shares during the last quarter. Banque Cantonale Vaudoise boosted its position in shares of SolarWinds by 1.2% during the 2nd quarter. Banque Cantonale Vaudoise now owns 156,382 shares of the software maker's stock worth $1,884,000 after purchasing an additional 1,793 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in SolarWinds by 7.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,746 shares of the software maker's stock valued at $414,000 after purchasing an additional 2,145 shares during 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.