SolarWinds Co. (NYSE:SWI - Get Free Report) CEO Sudhakar Ramakrishna sold 200,000 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly 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 sale was disclosed in a document filed with the SEC, which is available through this link.
SolarWinds Stock Down 0.8 %
Shares of SWI opened at $13.58 on Friday. The stock has a 50 day moving average price of $12.81 and a 200 day moving average price of $12.21. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.62 and a current ratio of 0.71. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 61.73 and a beta of 0.96. SolarWinds Co. has a one year low of $10.14 and a one year high of $14.02.
SolarWinds (NYSE:SWI - Get Free Report) last issued its earnings results on Thursday, October 31st. The software maker reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.02. The business 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%. The company's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 earnings per share. Equities research analysts forecast that SolarWinds Co. will post 0.74 earnings per share for the current fiscal year.
Institutional Investors Weigh In On SolarWinds
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Large investors have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its position in SolarWinds by 344.7% during the third quarter. GAMMA Investing LLC now owns 2,068 shares of the software maker's stock worth $27,000 after buying an additional 1,603 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of SolarWinds in the 2nd quarter worth $41,000. Allworth Financial LP raised its holdings in shares of SolarWinds by 732.1% during the 3rd 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 during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of SolarWinds during the 2nd quarter worth $58,000. Finally, Ameritas Investment Partners Inc. acquired a new position in shares of SolarWinds during the 1st quarter valued at about $62,000. 93.96% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the stock. Scotiabank assumed coverage on shares of SolarWinds in a research note on Friday, September 13th. They issued a "sector perform" rating and a $13.00 price target on the stock. Robert W. Baird lifted their target price on shares of SolarWinds from $14.00 to $15.00 and gave the company a "neutral" rating in a research report on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, SolarWinds presently has an average rating of "Hold" and a consensus price target of $14.00.
Read Our Latest Analysis on SWI
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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