SolarWinds (NYSE:SWI) Sees Unusually-High Trading Volume

SolarWinds Co. (NYSE:SWI) saw unusually-strong trading volume on Thursday . Approximately 855,839 shares traded hands during mid-day trading, an increase of 73% from the previous session’s volume of 495,761 shares.The stock last traded at $12.67 and had previously closed at $12.63.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird lowered their price objective on SolarWinds from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $14.00.

SolarWinds Stock Down 1.5 %

The business has a 50-day moving average price of $11.78 and a 200 day moving average price of $11.88. The stock has a market capitalization of $2.15 billion, a P/E ratio of 181.21 and a beta of 0.97. The company has a current ratio of 0.62, a quick ratio of 0.71 and a debt-to-equity ratio of 0.92.

SolarWinds (NYSE:SWI) last released its quarterly earnings results on Thursday, August 1st. The software maker reported $0.26 EPS for the quarter, topping the consensus estimate of $0.23 by $0.03. The company had revenue of $193.30 million during the quarter, compared to analyst estimates of $188.67 million. SolarWinds had a return on equity of 7.14% and a net margin of 2.96%. The firm’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the business posted $0.12 earnings per share. On average, equities analysts expect that SolarWinds Co. will post 0.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. nVerses Capital LLC purchased a new stake in SolarWinds in the 2nd quarter worth about $41,000. New York State Teachers Retirement System purchased a new stake in SolarWinds in the 4th quarter valued at about $57,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in SolarWinds in the 2nd quarter worth about $58,000. Ameritas Investment Partners Inc. bought a new stake in shares of SolarWinds during the first quarter valued at approximately $62,000. Finally, Innealta Capital LLC bought a new position in SolarWinds in the second quarter worth approximately $79,000. 93.96% of the stock is owned by hedge funds and other institutional investors.

About SolarWinds

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.