SecureWorks Corp. (NASDAQ:SCWX) Major Shareholder Neil Gagnon Buys 13,798 Shares of Stock

SecureWorks Corp. (NASDAQ:SCWX) major shareholder Neil Gagnon acquired 13,798 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was purchased at an average price of $5.99 per share, with a total value of $82,650.02. Following the acquisition, the insider now owns 610,947 shares of the company’s stock, valued at $3,659,572.53. The acquisition was disclosed in a filing with the SEC, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Neil Gagnon also recently made the following trade(s):

• On Tuesday, February 13th, Neil Gagnon bought 5,731 shares of SecureWorks stock. The shares were bought at an average cost of $6.72 per share, with a total value of $38,512.32.
• On Thursday, February 1st, Neil Gagnon bought 55 shares of SecureWorks stock. The shares were bought at an average cost of $6.80 per share, with a total value of $374.00.
• On Tuesday, January 30th, Neil Gagnon bought 5,000 shares of SecureWorks stock. The shares were bought at an average cost of $6.80 per share, with a total value of $34,000.00.

SecureWorks Stock Up 1.5 %

Shares of NASDAQ SCWX opened at $5.90 on Friday. SecureWorks Corp. has a 12 month low of $5.40 and a 12 month high of $10.02. The business has a fifty day simple moving average of $6.33 and a 200-day simple moving average of $6.37.

SecureWorks (NASDAQ:SCWX) last announced its earnings results on Thursday, March 14th. The technology company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.13. SecureWorks had a negative return on equity of 9.56% and a negative net margin of 23.52%. Equities research analysts forecast that SecureWorks Corp. will post -0.25 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SCWX. Scalar Gauge Management LLC acquired a new position in SecureWorks during the fourth quarter valued at $1,816,000. Horrell Capital Management Inc. raised its position in SecureWorks by 44.6% during the third quarter. Horrell Capital Management Inc. now owns 615,554 shares of the technology company’s stock valued at $3,823,000 after buying an additional 190,000 shares during the period. First Eagle Investment Management LLC raised its position in SecureWorks by 19.2% during the third quarter. First Eagle Investment Management LLC now owns 843,133 shares of the technology company’s stock valued at $5,236,000 after buying an additional 135,589 shares during the period. Cove Street Capital LLC raised its position in SecureWorks by 16.9% during the third quarter. Cove Street Capital LLC now owns 667,567 shares of the technology company’s stock valued at $3,979,000 after buying an additional 96,394 shares during the period. Finally, Kovack Advisors Inc. raised its position in SecureWorks by 55.4% during the first quarter. Kovack Advisors Inc. now owns 207,400 shares of the technology company’s stock valued at $1,394,000 after buying an additional 73,900 shares during the period. 14.38% of the stock is owned by institutional investors and hedge funds.

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.