Research analysts at StockNews.com assumed coverage on shares of SecureWorks (NASDAQ:SCWX – Get Free Report) in a research note issued on Sunday. The brokerage set a “hold” rating on the technology company’s stock.
SecureWorks Stock Performance
SecureWorks stock opened at $8.51 on Friday. SecureWorks has a 1-year low of $5.61 and a 1-year high of $9.76. The firm has a market capitalization of $755.94 million, a price-to-earnings ratio of -8.60 and a beta of 0.94. The firm’s fifty day moving average price is $8.49 and its two-hundred day moving average price is $8.33.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the business. Polar Asset Management Partners Inc. bought a new position in shares of SecureWorks in the fourth quarter valued at $1,269,000. Squarepoint Ops LLC lifted its position in shares of SecureWorks by 1,133.1% during the fourth quarter. Squarepoint Ops LLC now owns 235,998 shares of the technology company’s stock valued at $1,997,000 after purchasing an additional 216,860 shares in the last quarter. Two Sigma Investments LP bought a new position in shares of SecureWorks during the fourth quarter valued at about $476,000. Cubist Systematic Strategies LLC bought a new position in shares of SecureWorks during the fourth quarter valued at about $239,000. Finally, Balyasny Asset Management L.P. bought a new position in shares of SecureWorks during the fourth quarter valued at about $103,000. 14.38% of the stock is owned by institutional investors.
About SecureWorks
SecureWorks Corp., through its subsidiaries, provides technology-driven information security solutions for protecting its customers in the United States and internationally. The company's solutions include software-as-a-service solutions; managed security services; and professional services, including incident response and penetration testing services.
See Also
- Five stocks we like better than SecureWorks
- Growth Investing: Should You Adopt This Investing Strategy in 2022?
- Ignore Reports, Apple Won’t Install Starlink with iOS 18.3
- What Are Dividend Contenders? Investing in Dividend Contenders
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- Options Trading – Understanding Strike Price
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
Receive News & Ratings for SecureWorks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SecureWorks and related companies with MarketBeat.com's FREE daily email newsletter.