Insider Selling: SolarWinds Co. (NYSE:SWI) Insider Sells 135,000 Shares of Stock

SolarWinds Co. (NYSE:SWI) insider Jason Bliss sold 135,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now directly owns 838,789 shares of the company’s stock, valued at approximately $10,921,032.78. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

SolarWinds Stock Performance

Shares of SWI opened at $13.87 on Wednesday. The company has a market cap of $2.37 billion, a PE ratio of 61.00 and a beta of 0.96. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.71 and a quick ratio of 0.62. The firm has a 50-day moving average of $12.75 and a 200-day moving average of $12.17. SolarWinds Co. has a one year low of $10.14 and a one year high of $13.90.

SolarWinds (NYSE:SWI) last announced its earnings results on Thursday, October 31st. The software maker reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. The business 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 quarter in the previous year, the firm posted $0.11 EPS. As a group, equities analysts forecast that SolarWinds Co. will post 0.71 earnings per share for the current year.

Institutional Trading of SolarWinds

Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted its holdings in shares of SolarWinds by 344.7% during 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 bought a new stake in shares of SolarWinds during the 2nd quarter worth about $41,000. Allworth Financial LP boosted its holdings in shares of SolarWinds by 732.1% during the 3rd quarter. Allworth Financial LP now owns 3,786 shares of the software maker’s stock worth $49,000 after buying an additional 3,331 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of SolarWinds during the 2nd quarter worth 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.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SWI shares. Robert W. Baird lifted 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 started coverage on shares of SolarWinds in a research report on Friday, September 13th. They issued a “sector perform” rating and a $13.00 price objective for the company. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, SolarWinds presently has a consensus rating of “Hold” and a consensus target price of $14.00.

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.