SolarWinds Co. (NYSE:SWI) Given Average Recommendation of “Hold” by Brokerages

SolarWinds Co. (NYSE:SWI) has been assigned an average rating of “Hold” from the five research firms that are currently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold rating. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $14.00.

A number of research analysts have recently weighed in on SWI shares. Robert W. Baird raised their price target on shares of SolarWinds from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Scotiabank assumed coverage on SolarWinds in a research note on Friday, September 13th. They issued a “sector perform” rating and a $13.00 price objective on the stock.

Insider Activity at SolarWinds

In related news, insider Jason Bliss sold 135,000 shares of SolarWinds stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $13.02, for a total transaction of $1,757,700.00. Following the completion of the transaction, the insider now directly owns 838,789 shares of the company’s stock, valued at $10,921,032.78. This trade represents a 13.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sudhakar Ramakrishna sold 200,000 shares of SolarWinds stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $13.68, for a total value of $2,736,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,212,171 shares of the company’s stock, valued at $30,262,499.28. This trade represents a 8.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 351,000 shares of company stock worth $4,703,780 in the last 90 days. 1.95% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SWI. Allspring Global Investments Holdings LLC raised its holdings in shares of SolarWinds by 24.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,071 shares of the software maker’s stock valued at $66,000 after purchasing an additional 1,001 shares during the last quarter. Quantinno Capital Management LP grew its holdings in shares of SolarWinds by 2.5% in the 3rd quarter. Quantinno Capital Management LP now owns 48,198 shares of the software maker’s stock valued at $629,000 after acquiring an additional 1,184 shares in the last quarter. ProShare Advisors LLC raised its holdings in SolarWinds by 14.4% during the first quarter. ProShare Advisors LLC now owns 12,420 shares of the software maker’s stock worth $157,000 after acquiring an additional 1,565 shares in the last quarter. GAMMA Investing LLC boosted its position in SolarWinds by 344.7% during the third quarter. GAMMA Investing LLC now owns 2,068 shares of the software maker’s stock valued at $27,000 after purchasing an additional 1,603 shares during the last quarter. Finally, Banque Cantonale Vaudoise boosted its holdings in shares of SolarWinds by 1.2% in the 2nd quarter. Banque Cantonale Vaudoise now owns 156,382 shares of the software maker’s stock valued at $1,884,000 after buying an additional 1,793 shares during the last quarter. 93.96% of the stock is owned by institutional investors and hedge funds.

SolarWinds Price Performance

NYSE:SWI opened at $13.32 on Wednesday. The business’s 50-day moving average price is $12.99 and its 200 day moving average price is $12.37. The firm has a market cap of $2.27 billion, a P/E ratio of 60.55 and a beta of 0.96. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.88. SolarWinds has a 52-week low of $10.14 and a 52-week high of $14.02.

SolarWinds (NYSE:SWI) last issued its quarterly earnings results on Thursday, October 31st. The software maker reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. SolarWinds had a net margin of 4.93% and a return on equity of 7.96%. The business had revenue of $200.03 million during the quarter, compared to the consensus estimate of $194.03 million. During the same quarter in the prior year, the firm earned $0.11 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts predict that SolarWinds will post 0.74 earnings per share for the current fiscal year.

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.