Analysts Set SolarWinds Co. (NYSE:SWI) PT at $15.00

SolarWinds Co. (NYSE:SWI) has been assigned a consensus rating of “Hold” from the six brokerages that are covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $15.00.

A number of analysts have recently issued reports on SWI shares. Robert W. Baird lifted their price target on SolarWinds from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Wedbush started coverage on SolarWinds in a report on Thursday, December 19th. They set an “outperform” rating and a $20.00 price objective on the stock. Finally, Scotiabank assumed coverage on shares of SolarWinds in a research report on Friday, September 13th. They set a “sector perform” rating and a $13.00 price target on the stock.

SolarWinds Stock Performance

SolarWinds stock opened at $14.44 on Friday. SolarWinds has a 1-year low of $10.14 and a 1-year high of $14.94. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $2.46 billion, a PE ratio of 65.64 and a beta of 0.96. The firm’s 50 day simple moving average is $13.54 and its 200 day simple moving average is $12.71.

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

Insider Activity

In other news, insider Jason Bliss sold 135,000 shares of the stock in a transaction dated Monday, November 4th. The shares were 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 directly owns 838,789 shares in the company, valued at approximately $10,921,032.78. This represents a 13.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sudhakar Ramakrishna sold 200,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 2,212,171 shares in the company, valued at approximately $30,262,499.28. This represents a 8.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 351,000 shares of company stock valued at $4,703,780. Insiders own 1.95% of the company’s stock.

Institutional Investors Weigh In On SolarWinds

A number of large investors have recently made changes to their positions in SWI. GAMMA Investing LLC lifted its holdings in SolarWinds by 344.7% in 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 during the period. nVerses Capital LLC bought a new stake in shares of SolarWinds during the second quarter valued at approximately $41,000. Allworth Financial LP boosted its position in shares of SolarWinds by 732.1% during the third quarter. Allworth Financial LP now owns 3,786 shares of the software maker’s stock valued at $49,000 after purchasing an additional 3,331 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in SolarWinds in the second quarter worth $58,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in SolarWinds by 24.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,071 shares of the software maker’s stock worth $66,000 after purchasing an additional 1,001 shares in the last quarter. 93.96% of the stock is currently owned by institutional investors.

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.