SolarWinds Co. (NYSE:SWI) Receives $15.00 Consensus PT from Analysts

Shares of SolarWinds Co. (NYSE:SWI) have earned an average recommendation of “Hold” from the six ratings firms that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $15.00.

SWI has been the topic of several research reports. Wedbush initiated coverage on SolarWinds in a research report on Thursday, December 19th. They set an “outperform” rating and a $20.00 price objective on the stock. Robert W. Baird boosted 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 Transactions at SolarWinds

In related news, CEO Sudhakar Ramakrishna sold 200,000 shares of the company’s 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 transaction, the chief executive officer now owns 2,212,171 shares of the company’s stock, valued at approximately $30,262,499.28. This represents a 8.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jason Bliss sold 135,000 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now directly owns 838,789 shares of the company’s stock, valued at $10,921,032.78. This represents a 13.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 351,000 shares of company stock worth $4,703,780 in the last three months. Corporate insiders own 1.95% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Barclays PLC lifted its stake in SolarWinds by 170.1% in the 3rd quarter. Barclays PLC now owns 94,530 shares of the software maker’s stock valued at $1,233,000 after purchasing an additional 59,532 shares during the last quarter. Brandes Investment Partners LP boosted its holdings in SolarWinds by 12.3% in the second quarter. Brandes Investment Partners LP now owns 371,636 shares of the software maker’s stock worth $4,424,000 after acquiring an additional 40,643 shares in the last quarter. State Street Corp lifted its holdings in SolarWinds by 57.5% in the third quarter. State Street Corp now owns 2,193,026 shares of the software maker’s stock valued at $28,619,000 after acquiring an additional 800,467 shares during the period. Principal Financial Group Inc. purchased a new stake in shares of SolarWinds during the third quarter worth approximately $3,673,000. Finally, 272 Capital LP acquired a new position in SolarWinds during the second quarter worth $5,032,000. Institutional investors own 93.96% of the company’s stock.

SolarWinds Stock Performance

NYSE:SWI opened at $14.08 on Thursday. The stock has a market cap of $2.40 billion, a P/E ratio of 63.99 and a beta of 0.94. SolarWinds has a 1-year low of $10.14 and a 1-year high of $14.94. The stock has a 50 day simple moving average of $13.94 and a 200 day simple moving average of $13.00. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.88.

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