SolarWinds Co. (NYSE:SWI) Director William G. Bock Sells 16,000 Shares

SolarWinds Co. (NYSE:SWI) Director William G. Bock sold 16,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $13.13, for a total transaction of $210,080.00. Following the transaction, the director now owns 88,857 shares in the company, valued at approximately $1,166,692.41. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

SolarWinds Stock Performance

Shares of NYSE SWI traded down $0.30 during midday trading on Thursday, hitting $13.69. 867,745 shares of the company’s stock traded hands, compared to its average volume of 557,053. SolarWinds Co. has a 1 year low of $10.14 and a 1 year high of $14.02. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 63.59 and a beta of 0.96. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.62 and a current ratio of 0.71. The firm has a fifty day moving average of $12.78 and a 200 day moving average of $12.19.

SolarWinds (NYSE:SWI) last posted its quarterly earnings results 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 business had revenue of $200.03 million during the quarter, compared to the consensus estimate of $194.03 million. SolarWinds had a return on equity of 7.96% and a net margin of 4.93%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.11 EPS. On average, analysts forecast that SolarWinds Co. will post 0.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SWI has been the subject of several analyst reports. Scotiabank initiated coverage on shares of SolarWinds in a report on Friday, September 13th. They issued a “sector perform” rating and a $13.00 target price for the company. Robert W. Baird raised 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. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, SolarWinds presently has a consensus rating of “Hold” and a consensus target price of $14.00.

Institutional Trading of SolarWinds

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC grew its position in shares of 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 buying an additional 1,001 shares in the last quarter. ProShare Advisors LLC raised its stake in shares of SolarWinds by 14.4% in the first quarter. ProShare Advisors LLC now owns 12,420 shares of the software maker’s stock worth $157,000 after purchasing an additional 1,565 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of SolarWinds by 344.7% in the third quarter. GAMMA Investing LLC now owns 2,068 shares of the software maker’s stock worth $27,000 after purchasing an additional 1,603 shares during the last quarter. Banque Cantonale Vaudoise raised its position in SolarWinds by 1.2% during the second quarter. Banque Cantonale Vaudoise now owns 156,382 shares of the software maker’s stock valued at $1,884,000 after acquiring an additional 1,793 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in SolarWinds by 7.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 32,746 shares of the software maker’s stock valued at $414,000 after acquiring an additional 2,145 shares in the last quarter. Hedge funds and other 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.