Shares of SecureWorks Corp. (NASDAQ:SCWX – Get Free Report) traded up 6.3% during trading on Friday . The company traded as high as $6.88 and last traded at $6.88. 21,978 shares traded hands during trading, a decline of 41% from the average session volume of 37,354 shares. The stock had previously closed at $6.47.
Wall Street Analyst Weigh In
Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of SecureWorks in a research note on Thursday, June 6th.
View Our Latest Stock Report on SecureWorks
SecureWorks Price Performance
SecureWorks (NASDAQ:SCWX – Get Free Report) last announced its earnings results on Thursday, June 6th. The technology company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.01. SecureWorks had a negative net margin of 25.52% and a negative return on equity of 6.01%. The company had revenue of $85.65 million during the quarter, compared to the consensus estimate of $83.95 million. On average, sell-side analysts expect that SecureWorks Corp. will post -0.24 EPS for the current fiscal year.
Insider Transactions at SecureWorks
In other SecureWorks news, major shareholder Neil Gagnon purchased 13,798 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were acquired at an average cost of $5.99 per share, for a total transaction of $82,650.02. Following the completion of the acquisition, the insider now owns 610,947 shares of the company’s stock, valued at approximately $3,659,572.53. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 81.50% of the company’s stock.
Institutional Trading of SecureWorks
Large investors have recently added to or reduced their stakes in the stock. Scalar Gauge Management LLC bought a new position in shares of SecureWorks during the 4th quarter valued at approximately $1,816,000. Kovack Advisors Inc. grew its holdings in SecureWorks by 55.4% during the first quarter. Kovack Advisors Inc. now owns 207,400 shares of the technology company’s stock valued at $1,394,000 after purchasing an additional 73,900 shares during the period. First Eagle Investment Management LLC increased its position in SecureWorks by 4.2% in the fourth quarter. First Eagle Investment Management LLC now owns 878,177 shares of the technology company’s stock worth $6,481,000 after buying an additional 35,044 shares during the last quarter. Quadrature Capital Ltd raised its stake in shares of 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 buying an additional 9,175 shares during the period. Finally, Palogic Value Management L.P. lifted its position in shares of SecureWorks by 2.7% during the 4th quarter. Palogic Value Management L.P. now owns 243,000 shares of the technology company’s stock valued at $1,793,000 after buying an additional 6,497 shares during the last quarter. Hedge funds and other institutional investors own 14.38% of the company’s stock.
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.
Featured Stories
- Five stocks we like better than SecureWorks
- How to Calculate Retirement Income: MarketBeat’s Calculator
- Qualcomm Stock: AI-Powered Growth Despite Volatility
- How to Effectively Use the MarketBeat Ratings Screener
- Salesforce Stock: Meeting Recap, AI Focus, and Forecast
- Most active stocks: Dollar volume vs share volume
- Is CAVA Overextended? A Closer Look at This High-Flying Stock
Receive News & Ratings for SecureWorks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SecureWorks and related companies with MarketBeat.com's FREE daily email newsletter.