Brokerages Set SolarWinds Co. (NYSE:SWI) Price Target at $15.00

Shares of SolarWinds Co. (NYSE:SWI) have earned an average recommendation of “Hold” from the six research firms that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $15.50.

A number of research analysts have weighed in on SWI shares. Royal Bank of Canada raised their price objective on SolarWinds from $13.00 to $16.00 and gave the company a “sector perform” rating in a report on Tuesday. Wedbush started coverage on SolarWinds in a report on Thursday, December 19th. They issued an “outperform” rating and a $20.00 price objective on the stock. Robert W. Baird raised their price objective on SolarWinds from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, Scotiabank raised their price objective on SolarWinds from $13.00 to $15.00 and gave the company a “sector perform” rating in a report on Tuesday.

SolarWinds Trading Up 1.8 %

Shares of SWI stock opened at $14.62 on Thursday. 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 company has a market cap of $2.49 billion, a price-to-earnings ratio of 66.43 and a beta of 0.94. The stock has a 50 day simple moving average of $13.99 and a 200-day simple moving average of $13.05. SolarWinds has a 1-year low of $10.14 and a 1-year high of $14.94.

SolarWinds (NYSE:SWI) last announced its earnings results on Thursday, October 31st. The software maker reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. The business had revenue of $200.03 million during the quarter, compared to the consensus estimate of $194.03 million. SolarWinds had a return on equity of 7.96% and a net margin of 4.93%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.11 EPS. On average, equities research analysts expect that SolarWinds will post 0.74 EPS for the current fiscal year.

Insider Transactions at SolarWinds

In other news, CEO Sudhakar Ramakrishna sold 200,000 shares of SolarWinds stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $13.68, for a total transaction of $2,736,000.00. Following the transaction, the chief executive officer now owns 2,212,171 shares in the company, valued at $30,262,499.28. The trade was a 8.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jason Bliss sold 135,000 shares of SolarWinds stock in a transaction on Monday, November 4th. The stock was sold at an average price of $13.02, for a total value of $1,757,700.00. Following the transaction, the insider now owns 838,789 shares in the company, valued at approximately $10,921,032.78. This represents a 13.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 351,000 shares of company stock worth $4,703,780 in the last quarter. Company insiders own 1.95% of the company’s stock.

Institutional Trading of SolarWinds

Hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC increased its position in shares of SolarWinds by 344.7% during 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 last quarter. Allworth Financial LP grew its position in SolarWinds by 732.1% in the 3rd quarter. Allworth Financial LP now owns 3,786 shares of the software maker’s stock valued at $49,000 after acquiring an additional 3,331 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in SolarWinds by 24.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,071 shares of the software maker’s stock valued at $66,000 after acquiring an additional 1,001 shares in the last quarter. West Tower Group LLC grew its position in SolarWinds by 38.3% in the 3rd quarter. West Tower Group LLC now owns 7,221 shares of the software maker’s stock valued at $94,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its position in SolarWinds by 74.5% in the 2nd quarter. Point72 Asset Management L.P. now owns 9,425 shares of the software maker’s stock valued at $114,000 after acquiring an additional 4,025 shares in the last quarter. 93.96% of the stock is owned by institutional investors and hedge funds.

SolarWinds Company Profile

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.