SolarWinds Co. (NYSE:SWI) Insider Sells $1,757,700.00 in Stock

SolarWinds Co. (NYSE:SWI) insider Jason Bliss sold 135,000 shares of SolarWinds stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $13.02, for a total transaction of $1,757,700.00. Following the completion of the sale, the insider now owns 838,789 shares of the company’s stock, valued at $10,921,032.78. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

SolarWinds Price Performance

Shares of NYSE:SWI opened at $13.87 on Wednesday. The firm has a 50 day moving average of $12.75 and a 200-day moving average of $12.17. The stock has a market capitalization of $2.37 billion, a PE ratio of 61.00 and a beta of 0.96. 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 $13.90.

SolarWinds (NYSE:SWI) last issued its earnings results on Thursday, October 31st. The software maker reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. The company 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 business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.11 EPS. On average, equities research analysts predict that SolarWinds Co. will post 0.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On SolarWinds

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its position in SolarWinds by 28.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,633 shares of the software maker’s stock worth $134,000 after purchasing an additional 2,343 shares in the last quarter. ProShare Advisors LLC increased its position in SolarWinds by 14.4% during the 1st quarter. ProShare Advisors LLC now owns 12,420 shares of the software maker’s stock worth $157,000 after purchasing an additional 1,565 shares in the last quarter. Foundry Partners LLC increased its position in SolarWinds by 11.6% during the 1st quarter. Foundry Partners LLC now owns 484,521 shares of the software maker’s stock worth $6,115,000 after purchasing an additional 50,537 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in SolarWinds during the 1st quarter worth approximately $62,000. Finally, Price T Rowe Associates Inc. MD increased its position in SolarWinds by 7.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,746 shares of the software maker’s stock worth $414,000 after purchasing an additional 2,145 shares in the last quarter. 93.96% of the stock is currently owned by institutional investors and hedge funds.

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.