Insider Selling: SolarWinds Co. (NYSE:SWI) Director Sells $210,080.00 in Stock

by · The Markets Daily

SolarWinds Co. (NYSE:SWI – Get Free Report) Director William G. Bock sold 16,000 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $13.13, for a total value of $210,080.00. Following the sale, the director now directly owns 88,857 shares in the company, valued at $1,166,692.41. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

SolarWinds Trading Down 0.8 %

SWI stock opened at $13.58 on Friday. 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 Co. has a 12-month low of $10.14 and a 12-month high of $14.02. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 61.73 and a beta of 0.96. The business’s 50-day moving average is $12.81 and its 200 day moving average is $12.22.

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 (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. SolarWinds had a return on equity of 7.96% and a net margin of 4.93%. The company had revenue of $200.03 million for the quarter, compared to analysts’ expectations of $194.03 million. During the same period in the previous year, the firm posted $0.11 EPS. SolarWinds’s revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts anticipate that SolarWinds Co. will post 0.74 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. 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 on the stock. Robert W. Baird raised their target price on 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, According to data from MarketBeat, SolarWinds currently has a consensus rating of “Hold” and a consensus price target of $14.00.

View Our Latest Stock Report on SolarWinds

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its position 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 valued at $27,000 after buying an additional 1,603 shares during the period. nVerses Capital LLC purchased a new stake in shares of SolarWinds during the 2nd quarter valued at approximately $41,000. Allworth Financial LP raised its position 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 valued at $49,000 after buying an additional 3,331 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of SolarWinds during the 2nd quarter valued at approximately $58,000. Finally, Ameritas Investment Partners Inc. purchased a new stake in shares of SolarWinds during the 1st quarter valued at approximately $62,000. 93.96% of the stock is owned by hedge funds and other institutional investors.

About SolarWinds

(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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