SolarWinds Corp (NYSE:SWI) CEO Sells $239,971.32 in Stock

SolarWinds Corp (NYSE:SWI) CEO Kevin B. Thompson sold 12,492 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $19.21, for a total value of $239,971.32.

Shares of SWI opened at $19.09 on Friday. The firm has a market capitalization of $5.97 billion and a price-to-earnings ratio of 26.64. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.89 and a current ratio of 0.89. SolarWinds Corp has a one year low of $12.25 and a one year high of $21.22. The stock’s fifty day moving average is $19.00 and its 200-day moving average is $18.37.

SolarWinds (NYSE:SWI) last issued its quarterly earnings results on Wednesday, October 30th. The software maker reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The company had revenue of $240.50 million for the quarter, compared to analyst estimates of $243.57 million. SolarWinds had a return on equity of 8.43% and a net margin of 74.35%. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period last year, the company earned $0.17 earnings per share. Analysts forecast that SolarWinds Corp will post 0.75 EPS for the current fiscal year.

SWI has been the topic of a number of recent research reports. Jefferies Financial Group cut their target price on SolarWinds from $23.00 to $22.00 and set a “buy” rating on the stock in a research note on Tuesday, October 8th. Bank of America cut SolarWinds from a “neutral” rating to an “underperform” rating in a research note on Monday, September 30th. Zacks Investment Research cut SolarWinds from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Finally, ValuEngine lowered SolarWinds from a “sell” rating to a “strong sell” rating in a report on Monday, October 21st. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. SolarWinds has an average rating of “Hold” and an average price target of $20.10.

Institutional investors and hedge funds have recently modified their holdings of the company. Aperio Group LLC acquired a new position in shares of SolarWinds during the second quarter valued at $34,000. BNP Paribas Arbitrage SA acquired a new position in shares of SolarWinds during the second quarter valued at $36,000. Royal Bank of Canada increased its holdings in shares of SolarWinds by 184.1% during 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. Meadow Creek Investment Management LLC acquired a new position in shares of SolarWinds during the second quarter valued at $59,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of SolarWinds by 128.8% during the second quarter. Tower Research Capital LLC TRC now owns 4,095 shares of the software maker’s stock valued at $75,000 after purchasing an additional 2,305 shares during the period. 95.32% of the stock is currently owned by institutional investors.

SolarWinds Company Profile

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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