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

SolarWinds Co. (NYSE:SWI) CEO Sudhakar Ramakrishna sold 200,000 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $13.68, for a total transaction 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

SolarWinds Stock Down 0.8 %

SWI stock opened at $13.58 on Monday. The firm’s 50-day moving average is $12.81 and its two-hundred day moving average is $12.23. The company has a current ratio of 0.71, a quick ratio of 0.62 and a debt-to-equity ratio of 0.88. The company 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 52 week low of $10.14 and a 52 week high of $14.02.

SolarWinds (NYSE:SWI) last released its earnings results on Thursday, October 31st. The software maker reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $200.03 million during the quarter, compared to the consensus estimate of $194.03 million. SolarWinds had a return on equity of 7.96% and a net margin of 4.93%. During the same period in the prior year, the firm posted $0.11 earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, analysts forecast that SolarWinds Co. will post 0.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SWI. Allspring Global Investments Holdings LLC lifted 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 acquiring an additional 1,001 shares during the last quarter. ProShare Advisors LLC lifted its stake in SolarWinds by 14.4% during the first quarter. ProShare Advisors LLC now owns 12,420 shares of the software maker’s stock valued at $157,000 after purchasing an additional 1,565 shares during the last quarter. GAMMA Investing LLC boosted its holdings 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. Banque Cantonale Vaudoise grew its position in SolarWinds by 1.2% in the second quarter. Banque Cantonale Vaudoise now owns 156,382 shares of the software maker’s stock worth $1,884,000 after buying an additional 1,793 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of SolarWinds by 7.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 32,746 shares of the software maker’s stock valued at $414,000 after buying an additional 2,145 shares in the last quarter. Institutional investors own 93.96% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Robert W. Baird upped their target price on shares of SolarWinds from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Scotiabank assumed coverage on SolarWinds in a report on Friday, September 13th. They issued a “sector perform” rating and a $13.00 price objective for the company. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, SolarWinds currently has an average rating of “Hold” and an average target price of $14.00.

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.