SolarWinds Co. (NYSE:SWI) Receives $14.00 Consensus Target Price from Brokerages

Shares of SolarWinds Co. (NYSE:SWI) have earned a consensus rating of “Hold” from the five brokerages that are currently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $14.00.

SWI has been the subject of several research analyst reports. Scotiabank started coverage on SolarWinds in a research note on Friday, September 13th. They set a “sector perform” rating and a $13.00 price target for the company. Robert W. Baird raised their price target on shares of SolarWinds from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Friday, November 1st.

SolarWinds Price Performance

SWI stock opened at $13.99 on Friday. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 63.55 and a beta of 0.96. The stock’s fifty day simple moving average is $12.75 and its 200-day simple moving average is $12.17. SolarWinds has a 52-week low of $10.14 and a 52-week high of $14.02. The company has a quick ratio of 0.62, a current ratio of 0.71 and a debt-to-equity ratio of 0.88.

SolarWinds (NYSE:SWI) last released its earnings results on Thursday, October 31st. The software maker reported $0.27 earnings per share (EPS) for the quarter, beating 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 net margin of 4.93% and a return on equity of 7.96%. SolarWinds’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.11 earnings per share. Equities research analysts expect that SolarWinds will post 0.71 EPS for the current year.

Insiders Place Their Bets

In related news, insider Jason Bliss sold 135,000 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now directly owns 838,789 shares of the company’s stock, valued at approximately $10,921,032.78. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.95% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On SolarWinds

A number of hedge funds have recently made changes to their positions in SWI. GAMMA Investing LLC grew its stake in shares of 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 purchasing an additional 1,603 shares in the last quarter. nVerses Capital LLC acquired a new stake in SolarWinds in the second quarter worth about $41,000. Allworth Financial LP grew its position in SolarWinds by 732.1% in 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 in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in SolarWinds during the 2nd quarter valued at about $58,000. Finally, Ameritas Investment Partners Inc. bought a new stake in shares of SolarWinds during the 1st quarter worth about $62,000. Institutional investors own 93.96% of the company’s stock.

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.