SolarWinds (NYSE:SWI) CFO Michael Berry sold 15,000 shares of SolarWinds stock in a transaction that occured on Tuesday, August 13th. The shares were sold at an average price of $39.42, for a total value of $591,300.00. Following the completion of the transaction, the chief financial officer now directly owns 97,033 shares in the company. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on SWI. Analysts at Zacks upgraded shares of SolarWinds from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, July 30th. They now have a $36.60 price target on the stock. Separately, analysts at Robert W. Baird cut their price target on shares of SolarWinds from $54.00 to $46.00 in a research note to investors on Friday, July 26th. They now have an “outperform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of SolarWinds from $73.00 to $54.00 in a research note to investors on Friday, July 26th. They now have an “overweight” rating on the stock.
Twelve research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $45.05.
Shares of SolarWinds (NYSE:SWI) traded down 3.40% during mid-day trading on Thursday, hitting $38.03. 879,954 shares of the company’s stock traded hands. SolarWinds has a one year low of $35.31 and a one year high of $61.52. The stock has a 50-day moving average of $40. and a 200-day moving average of $45.41. The company has a market cap of $2.868 billion and a price-to-earnings ratio of 33.11.
SolarWinds (NYSE:SWI) last announced its earnings results on Thursday, July 25th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.04. The company had revenue of $77.50 million for the quarter, compared to the consensus estimate of $78.94 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 21.1% on a year-over-year basis. Analysts expect that SolarWinds will post $1.53 EPS for the current fiscal year.
SolarWinds, Inc (NYSE:SWI) designs, develops, markets, sells and supports enterprise information technology (IT), infrastructure management software to IT professionals in organizations of all sizes.
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