Analysts Set SolarWinds Co. (NYSE:SWI) Price Target at $14.00

Shares of SolarWinds Co. (NYSE:SWI) have been given a consensus rating of “Hold” by the five analysts that are presently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold rating. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $14.00.

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

Insider Buying and Selling at SolarWinds

In other news, insider Jason Bliss sold 135,000 shares of the business’s stock in a transaction that occurred on 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. The trade was a 13.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William G. Bock sold 16,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $13.13, for a total transaction of $210,080.00. Following the transaction, the director now owns 88,857 shares in the company, valued at approximately $1,166,692.41. This trade represents a 15.26 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 351,000 shares of company stock worth $4,703,780. Insiders own 1.95% of the company’s stock.

Institutional Trading of SolarWinds

Several large investors have recently modified their holdings of SWI. Allspring Global Investments Holdings LLC grew its position in SolarWinds by 24.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,071 shares of the software maker’s stock valued at $66,000 after buying an additional 1,001 shares during the period. Quantinno Capital Management LP grew its position in shares of SolarWinds by 2.5% during 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 during the period. ProShare Advisors LLC increased its stake in shares of SolarWinds by 14.4% in the 1st quarter. ProShare Advisors LLC now owns 12,420 shares of the software maker’s stock worth $157,000 after purchasing an additional 1,565 shares in the last quarter. GAMMA Investing LLC raised its holdings in SolarWinds by 344.7% in the 3rd 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 period. Finally, Franklin Resources Inc. lifted its position in SolarWinds by 6.2% during the third quarter. Franklin Resources Inc. now owns 29,995 shares of the software maker’s stock valued at $386,000 after purchasing an additional 1,760 shares in the last quarter. Institutional investors own 93.96% of the company’s stock.

SolarWinds Stock Up 1.6 %

NYSE:SWI opened at $13.35 on Wednesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.71 and a quick ratio of 0.71. The firm’s 50-day moving average price is $13.02 and its 200-day moving average price is $12.39. The company has a market capitalization of $2.28 billion, a PE ratio of 60.82 and a beta of 0.96. SolarWinds has a 1-year low of $10.14 and a 1-year high of $14.02.

SolarWinds (NYSE:SWI) last announced its quarterly earnings data on Thursday, October 31st. The software maker reported $0.27 earnings per share 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 business had revenue of $200.03 million for the quarter, compared to analysts’ expectations of $194.03 million. During the same quarter in the prior year, the company earned $0.11 earnings per share. The business’s revenue was up 5.5% compared to the same quarter last year. On average, equities analysts predict that SolarWinds will post 0.74 EPS 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.