SolarWinds (NYSE:SWI) Hits New 12-Month High – What’s Next?

SolarWinds Co. (NYSE:SWI) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $13.47 and last traded at $13.47, with a volume of 354153 shares trading hands. The stock had previously closed at $13.12.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Robert W. Baird upped their target price on SolarWinds from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Scotiabank began coverage on SolarWinds in a research note on Friday, September 13th. They set a “sector perform” rating and a $13.00 target price for the company. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, SolarWinds has a consensus rating of “Hold” and a consensus target price of $14.00.

SolarWinds Trading Down 2.1 %

The firm has a 50 day moving average price of $12.78 and a two-hundred day moving average price of $12.19. The company has a quick ratio of 0.62, a current ratio of 0.71 and a debt-to-equity ratio of 0.88. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 63.59 and a beta of 0.96.

SolarWinds (NYSE:SWI) last issued its quarterly earnings results on Thursday, October 31st. The software maker reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. SolarWinds had a net margin of 4.93% and a return on equity of 7.96%. The firm had revenue of $200.03 million for the quarter, compared to the consensus estimate of $194.03 million. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.11 EPS. As a group, equities analysts forecast that SolarWinds Co. will post 0.71 earnings per share for the current year.

Insider Transactions at SolarWinds

In other news, insider Jason Bliss sold 135,000 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $13.02, for a total transaction of $1,757,700.00. Following the transaction, the insider now directly owns 838,789 shares of the company’s stock, valued at $10,921,032.78. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Jason Bliss sold 135,000 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $13.02, for a total value of $1,757,700.00. Following the sale, the insider now owns 838,789 shares in the company, valued at $10,921,032.78. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William G. Bock sold 16,000 shares of SolarWinds stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $13.13, for a total value of $210,080.00. Following the transaction, the director now owns 88,857 shares of the company’s stock, valued at $1,166,692.41. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.95% of the company’s stock.

Institutional Trading of SolarWinds

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in 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. nVerses Capital LLC purchased a new position in shares of SolarWinds in the 2nd quarter worth about $41,000. Allworth Financial LP increased its holdings in SolarWinds by 732.1% during the third quarter. Allworth Financial LP now owns 3,786 shares of the software maker’s stock worth $49,000 after buying an additional 3,331 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in SolarWinds in the second quarter worth about $58,000. Finally, Ameritas Investment Partners Inc. bought a new position in shares of SolarWinds during the 1st quarter valued at approximately $62,000. Institutional investors own 93.96% of the company’s stock.

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.