SolarWinds Corp (NYSE:SWI) EVP John Pagliuca sold 9,111 shares of SolarWinds stock in a transaction on Friday, May 17th. The shares were sold at an average price of $19.14, for a total value of $174,384.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of NYSE:SWI traded down $0.49 during midday trading on Tuesday, hitting $18.67. The company had a trading volume of 1,586,530 shares, compared to its average volume of 397,482. SolarWinds Corp has a 12 month low of $12.25 and a 12 month high of $21.22. The company has a quick ratio of 1.36, a current ratio of 1.51 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $5.95 billion and a P/E ratio of 32.75.
SolarWinds (NYSE:SWI) last posted its quarterly earnings results on Wednesday, April 24th. The software maker reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.01. The company had revenue of $216.00 million during the quarter, compared to the consensus estimate of $216.54 million. The business’s quarterly revenue was up 9.6% on a year-over-year basis. As a group, equities research analysts expect that SolarWinds Corp will post 0.81 earnings per share for the current year.
Several equities research analysts have recently commented on SWI shares. ValuEngine raised SolarWinds from a “hold” rating to a “buy” rating in a research note on Thursday, January 31st. Jefferies Financial Group reissued a “buy” rating and issued a $21.00 target price on shares of SolarWinds in a research note on Friday, February 8th. Barclays reissued a “hold” rating and issued a $18.00 target price on shares of SolarWinds in a research note on Sunday, February 10th. Zacks Investment Research raised SolarWinds from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Tuesday, February 12th. Finally, Goldman Sachs Group cut SolarWinds from a “buy” rating to a “neutral” rating and set a $20.00 target price for the company. in a research note on Monday, March 18th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $19.60.
Several large investors have recently bought and sold shares of the company. FMR LLC boosted its position in shares of SolarWinds by 102.9% in the 1st quarter. FMR LLC now owns 3,696,604 shares of the software maker’s stock worth $72,158,000 after purchasing an additional 1,874,976 shares during the last quarter. Morgan Stanley lifted its holdings in SolarWinds by 178.1% during the first quarter. Morgan Stanley now owns 6,716 shares of the software maker’s stock worth $131,000 after acquiring an additional 4,301 shares in the last quarter. Man Group plc bought a new position in SolarWinds during the first quarter worth about $3,162,000. SEI Investments Co bought a new position in SolarWinds during the first quarter worth about $462,000. Finally, AQR Capital Management LLC bought a new position in SolarWinds during the first quarter worth about $2,340,000. Institutional investors and hedge funds own 96.00% of the company’s stock.
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SolarWinds Corporation provides information technology (IT) infrastructure management software products in the United States and internationally. It offers products to monitor and manage network, system, desktop, application, storage, and database and Website infrastructures, whether on-premise, in the public or private cloud, or in a hybrid IT infrastructure.
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