SecureWorks (NASDAQ:SCWX) Shares Down 4.7%

SecureWorks Corp. (NASDAQ:SCWX) dropped 4.7% during trading on Monday . The company traded as low as $5.70 and last traded at $5.71. Approximately 13,384 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 31,108 shares. The stock had previously closed at $5.99.

SecureWorks Price Performance

The stock has a 50-day moving average of $6.36 and a 200 day moving average of $6.38.

SecureWorks (NASDAQ:SCWX) last issued its earnings results on Thursday, March 14th. The technology company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.13. SecureWorks had a negative return on equity of 9.56% and a negative net margin of 23.52%. As a group, equities analysts expect that SecureWorks Corp. will post -0.25 EPS for the current year.

Insider Activity at SecureWorks

In other news, major shareholder Neil Gagnon bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The shares were purchased at an average price of $6.80 per share, for a total transaction of $34,000.00. Following the completion of the transaction, the insider now directly owns 590,194 shares in the company, valued at $4,013,319.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have bought a total of 10,786 shares of company stock worth $72,886 over the last quarter. Insiders own 83.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Citigroup Inc. lifted its holdings in SecureWorks by 95.3% in the third quarter. Citigroup Inc. now owns 9,700 shares of the technology company’s stock valued at $60,000 after acquiring an additional 4,734 shares during the period. Y.D. More Investments Ltd lifted its holdings in SecureWorks by 38.2% in the third quarter. Y.D. More Investments Ltd now owns 18,829 shares of the technology company’s stock valued at $113,000 after acquiring an additional 5,207 shares during the period. Quadrature Capital Ltd lifted its holdings in SecureWorks by 56.6% in the third quarter. Quadrature Capital Ltd now owns 25,377 shares of the technology company’s stock valued at $158,000 after acquiring an additional 9,175 shares during the period. Kovack Advisors Inc. lifted its holdings in SecureWorks by 114.6% in the fourth quarter. Kovack Advisors Inc. now owns 133,500 shares of the technology company’s stock valued at $985,000 after acquiring an additional 71,300 shares during the period. Finally, Brooktree Capital Management lifted its holdings in SecureWorks by 4.8% in the third quarter. Brooktree Capital Management now owns 170,420 shares of the technology company’s stock valued at $1,058,000 after acquiring an additional 7,861 shares during the period. 14.38% of the stock is owned by institutional investors and hedge funds.

SecureWorks Company Profile

SecureWorks Corp., through its subsidiaries, provides technology-driven information security solutions for protecting its customers in the United States and internationally. The company's solutions include software-as-a-service solutions; managed security services; and professional services, including incident response and penetration testing services.