SolarWinds Co. (NYSE:SWI) CEO Sudhakar Ramakrishna Sells 200,000 Shares

SolarWinds Co. (NYSE:SWI) CEO Sudhakar Ramakrishna sold 200,000 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $13.68, for a total transaction of $2,736,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,212,171 shares in the company, valued at approximately $30,262,499.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

SolarWinds Price Performance

NYSE SWI opened at $13.58 on Friday. SolarWinds Co. has a 12-month low of $10.14 and a 12-month high of $14.02. The firm’s fifty day simple moving average is $12.81 and its two-hundred day simple moving average is $12.21. The company has a current ratio of 0.71, a quick ratio of 0.62 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $2.32 billion, a P/E ratio of 61.73 and a beta of 0.96.

SolarWinds (NYSE:SWI) last released 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 firm had revenue of $200.03 million for the quarter, compared to analyst estimates of $194.03 million. During the same quarter in the prior year, the business earned $0.11 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. Analysts forecast that SolarWinds Co. will post 0.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SWI shares. Scotiabank assumed coverage on SolarWinds in a report on Friday, September 13th. They issued a “sector perform” rating and a $13.00 price target on the stock. Robert W. Baird increased 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. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $14.00.

Institutional Trading of SolarWinds

A number of hedge funds have recently modified their holdings of SWI. Dimensional Fund Advisors LP raised its position in SolarWinds by 8.7% during the second quarter. Dimensional Fund Advisors LP now owns 5,776,309 shares of the software maker’s stock valued at $69,603,000 after acquiring an additional 461,061 shares in the last quarter. Scalar Gauge Management LLC grew its stake in shares of SolarWinds by 11.3% during the 2nd quarter. Scalar Gauge Management LLC now owns 834,060 shares of the software maker’s stock worth $10,050,000 after purchasing an additional 85,000 shares during the period. AQR Capital Management LLC increased its holdings in shares of SolarWinds by 48.5% during the 2nd quarter. AQR Capital Management LLC now owns 825,829 shares of the software maker’s stock valued at $9,869,000 after purchasing an additional 269,578 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of SolarWinds by 4.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 566,204 shares of the software maker’s stock valued at $7,389,000 after purchasing an additional 25,416 shares during the period. Finally, Federated Hermes Inc. boosted its holdings in SolarWinds by 0.4% during the second quarter. Federated Hermes Inc. now owns 560,015 shares of the software maker’s stock worth $6,748,000 after buying an additional 2,491 shares in the last quarter. Hedge funds and other 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.