SolarWinds Co. (NYSE:SWI) Receives $14.00 Average PT from Brokerages

Shares of SolarWinds Co. (NYSE:SWI) have received an average rating of “Hold” from the five ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $14.00.

Several analysts recently weighed in on the company. Robert W. Baird raised their price objective on SolarWinds from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Scotiabank initiated coverage on SolarWinds in a research note on Friday, September 13th. They issued a “sector perform” rating and a $13.00 target price on the stock.

SolarWinds Stock Performance

Shares of SolarWinds stock opened at $13.35 on Wednesday. The business has a fifty day simple moving average of $13.03 and a two-hundred day simple moving average of $12.41. The firm has a market capitalization of $2.28 billion, a P/E ratio of 60.68 and a beta of 0.96. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.88. SolarWinds has a 12 month low of $10.14 and a 12 month high of $14.02.

SolarWinds (NYSE:SWI) last posted its quarterly earnings data on Thursday, October 31st. The software maker reported $0.27 EPS 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 business had revenue of $200.03 million for the quarter, compared to analyst estimates of $194.03 million. During the same quarter in the previous year, the firm posted $0.11 earnings per share. SolarWinds’s quarterly revenue was up 5.5% on a year-over-year basis. On average, equities analysts forecast that SolarWinds will post 0.74 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Sudhakar Ramakrishna sold 200,000 shares of SolarWinds stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 2,212,171 shares in the company, valued at $30,262,499.28. The trade was a 8.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jason Bliss sold 135,000 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 838,789 shares in the company, valued at approximately $10,921,032.78. This trade represents a 13.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 351,000 shares of company stock worth $4,703,780 in the last three months. Insiders own 1.95% of the company’s stock.

Hedge Funds Weigh In On SolarWinds

A number of institutional investors have recently bought and sold shares of SWI. GAMMA Investing LLC boosted its holdings in SolarWinds by 344.7% in the 3rd 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 purchased a new position in SolarWinds during the second quarter valued at $41,000. Allworth Financial LP increased its holdings 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 acquiring an additional 3,331 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in SolarWinds in the 2nd quarter worth $58,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of SolarWinds by 24.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,071 shares of the software maker’s stock valued at $66,000 after purchasing an additional 1,001 shares during the last quarter. 93.96% of the stock is 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.