SolarWinds (NYSE:SWI) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

SolarWinds Co. (NYSE:SWI)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.91 and traded as high as $13.90. SolarWinds shares last traded at $13.80, with a volume of 391,715 shares traded.

Analyst Ratings Changes

Several research firms have commented on SWI. Robert W. Baird increased 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 shares of SolarWinds in a report on Friday, September 13th. They set a “sector perform” rating and a $13.00 price target for the company. Finally, Wedbush started coverage on shares of SolarWinds in a report on Thursday, December 19th. They set an “outperform” rating and a $20.00 price target for the company. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $15.00.

SolarWinds Trading Down 1.8 %

The stock has a market cap of $2.35 billion, a P/E ratio of 62.73 and a beta of 0.94. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.71 and a quick ratio of 0.71. The business’s 50 day simple moving average is $13.90 and its 200 day simple moving average is $12.91.

SolarWinds (NYSE:SWI) last posted its quarterly earnings data 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. The company had revenue of $200.03 million during the quarter, compared to analyst estimates of $194.03 million. SolarWinds had a net margin of 4.93% and a return on equity of 7.96%. The company’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $0.11 earnings per share. On average, analysts expect that SolarWinds Co. will post 0.74 earnings per share for the current fiscal year.

Insider Transactions at SolarWinds

In related news, Director William G. Bock sold 16,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $13.13, for a total value of $210,080.00. Following the completion of the sale, the director now owns 88,857 shares of the company’s stock, valued at $1,166,692.41. This trade represents a 15.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Sudhakar Ramakrishna sold 200,000 shares of SolarWinds stock in a transaction on 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 sale, the chief executive officer now directly owns 2,212,171 shares of the company’s stock, valued at $30,262,499.28. This represents a 8.29 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 351,000 shares of company stock valued at $4,703,780. Corporate insiders own 1.95% of the company’s stock.

Institutional Trading of SolarWinds

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its holdings in shares of SolarWinds by 344.7% in the 3rd quarter. GAMMA Investing LLC now owns 2,068 shares of the software maker’s stock valued at $27,000 after buying an additional 1,603 shares during the period. Allworth Financial LP grew its holdings in shares of 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 during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of 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 buying an additional 1,001 shares during the period. West Tower Group LLC grew its holdings in shares of SolarWinds by 38.3% in the 3rd quarter. West Tower Group LLC now owns 7,221 shares of the software maker’s stock valued at $94,000 after buying an additional 2,000 shares during the period. Finally, Point72 Asset Management L.P. grew its holdings in shares of SolarWinds by 74.5% in the 2nd quarter. Point72 Asset Management L.P. now owns 9,425 shares of the software maker’s stock valued at $114,000 after buying an additional 4,025 shares during the period. Institutional investors and hedge funds own 93.96% of the company’s stock.

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.