W. Joseph Kim Sells 4,530 Shares of SolarWinds Corp (SWI) Stock

SolarWinds Corp (NYSE:SWI) VP W. Joseph Kim sold 4,530 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $19.58, for a total transaction of $88,697.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of SolarWinds stock traded down $0.49 during trading on Tuesday, hitting $18.67. The stock had a trading volume of 1,586,530 shares, compared to its average volume of 397,482. The stock has a market cap of $5.95 billion and a P/E ratio of 32.75. SolarWinds Corp has a 12 month low of $12.25 and a 12 month high of $21.22. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.36 and a current ratio of 1.51.

SolarWinds (NYSE:SWI) last released its quarterly earnings results on Wednesday, April 24th. The software maker reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.01. The firm had revenue of $216.00 million during the quarter, compared to the consensus estimate of $216.54 million. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. Sell-side analysts predict that SolarWinds Corp will post 0.81 earnings per share for the current year.

A number of equities research analysts have issued reports on SWI shares. Jefferies Financial Group reissued a “buy” rating and set a $21.00 target price on shares of SolarWinds in a report on Friday, February 8th. Zacks Investment Research raised shares of SolarWinds from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Tuesday, February 12th. Citigroup boosted their target price on shares of SolarWinds from $20.00 to $23.00 and gave the company a “buy” rating in a report on Monday, May 6th. Barclays reissued a “hold” rating and set a $18.00 target price on shares of SolarWinds in a report on Sunday, February 10th. Finally, ValuEngine raised shares of SolarWinds from a “hold” rating to a “buy” rating in a report on Thursday, January 31st. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. SolarWinds currently has an average rating of “Buy” and a consensus price target of $19.60.

Several institutional investors have recently added to or reduced their stakes in SWI. Bank of Montreal Can bought a new position in shares of SolarWinds in the first quarter worth $35,000. State of Alaska Department of Revenue bought a new position in shares of SolarWinds in the fourth quarter worth $41,000. Meeder Asset Management Inc. bought a new position in shares of SolarWinds in the first quarter worth $65,000. NumerixS Investment Technologies Inc bought a new position in shares of SolarWinds in the fourth quarter worth $96,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of SolarWinds in the fourth quarter worth $101,000. 96.00% of the stock is currently owned by hedge funds and other institutional investors.

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SolarWinds Company Profile

SolarWinds Corporation provides information technology (IT) infrastructure management software products in the United States and internationally. It offers products to monitor and manage network, system, desktop, application, storage, and database and Website infrastructures, whether on-premise, in the public or private cloud, or in a hybrid IT infrastructure.

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