SolarWinds Co. (NYSE:SWI) Given Consensus Recommendation of “Hold” by Brokerages

Shares of SolarWinds Co. (NYSE:SWI) have been assigned a consensus rating of “Hold” from the six brokerages that are currently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $15.00.

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

SolarWinds Stock Performance

Shares of NYSE SWI opened at $14.45 on Friday. SolarWinds has a 12 month low of $10.14 and a 12 month high of $14.94. The company has a market cap of $2.46 billion, a P/E ratio of 65.68 and a beta of 0.96. The business’s 50 day moving average is $13.60 and its two-hundred day moving average is $12.74. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.88.

SolarWinds (NYSE:SWI) last announced its earnings results on Thursday, October 31st. The software maker reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 revenue was up 5.5% compared to the same quarter last year. On average, equities analysts expect that SolarWinds will post 0.74 EPS for the current year.

Insiders Place Their Bets

In other news, insider Jason Bliss sold 135,000 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $13.02, for a total value of $1,757,700.00. Following the sale, the insider now owns 838,789 shares of the company’s stock, valued at approximately $10,921,032.78. This represents a 13.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the chief executive officer now owns 2,212,171 shares of the company’s stock, valued at $30,262,499.28. This trade represents a 8.29 % 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 over the last quarter. Company insiders own 1.95% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in SolarWinds by 344.7% during the 3rd quarter. GAMMA Investing LLC now owns 2,068 shares of the software maker’s stock valued at $27,000 after purchasing an additional 1,603 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of SolarWinds in the second quarter valued at $41,000. Allworth Financial LP raised its holdings in shares of SolarWinds by 732.1% in the third 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 last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in SolarWinds during the 2nd quarter worth about $58,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in SolarWinds by 24.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,071 shares of the software maker’s stock worth $66,000 after acquiring an additional 1,001 shares during the last quarter. Institutional investors 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.