Shares of SolarWinds Corp (NYSE:SWI) have earned an average rating of “Hold” from the seventeen brokerages that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and ten have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $19.39.
Several brokerages have weighed in on SWI. ValuEngine lowered shares of SolarWinds from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Jefferies Financial Group increased their target price on shares of SolarWinds from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Zacks Investment Research lowered shares of SolarWinds from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Citigroup increased their target price on shares of SolarWinds from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Finally, Goldman Sachs Group lowered shares of SolarWinds from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $20.00 to $17.50 in a research note on Sunday, June 30th.
In other news, VP W. Joseph Kim sold 4,530 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $19.58, for a total value of $88,697.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lexington Co-Investment Holdin sold 151,210 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $17.42, for a total transaction of $2,634,078.20. The disclosure for this sale can be found here. In the last three months, insiders sold 2,648,878 shares of company stock valued at $46,153,240. Insiders own 1.60% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Aperio Group LLC purchased a new position in shares of SolarWinds in the second quarter valued at approximately $34,000. Bank of Montreal Can purchased a new position in shares of SolarWinds in the first quarter valued at approximately $35,000. BNP Paribas Arbitrage SA purchased a new position in shares of SolarWinds in the second quarter valued at approximately $36,000. Royal Bank of Canada boosted its stake in shares of SolarWinds by 184.1% in the second quarter. Royal Bank of Canada now owns 2,960 shares of the software maker’s stock valued at $54,000 after purchasing an additional 1,918 shares during the period. Finally, Meadow Creek Investment Management LLC purchased a new position in shares of SolarWinds in the second quarter valued at approximately $59,000. 93.08% of the stock is owned by institutional investors and hedge funds.
SWI stock traded up $0.30 during mid-day trading on Thursday, hitting $17.23. 412,200 shares of the company were exchanged, compared to its average volume of 641,735. The company has a quick ratio of 1.51, a current ratio of 0.74 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $5.25 billion and a P/E ratio of 30.23. The business has a fifty day simple moving average of $18.09 and a 200-day simple moving average of $18.52. SolarWinds has a 12-month low of $12.25 and a 12-month high of $21.22.
SolarWinds (NYSE:SWI) last announced its earnings results on Thursday, August 1st. The software maker reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.01). The company had revenue of $230.60 million for the quarter, compared to analysts’ expectations of $226.51 million. SolarWinds had a return on equity of 8.56% and a net margin of 67.62%. The firm’s revenue was up 14.3% compared to the same quarter last year. Research analysts predict that SolarWinds will post 0.82 EPS for the current year.
SolarWinds Corporation provides information technology (IT) infrastructure management software products in the United States and internationally. It offers products to monitor and manage network, system, desktop, application, storage, and database and Website infrastructures, whether on-premise, in the public or private cloud, or in a hybrid IT infrastructure.
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