SolarWinds (NYSE:SWI) Trading Down 3.7% – What’s Next?

SolarWinds Co. (NYSE:SWI)’s stock price traded down 3.7% during mid-day trading on Monday . The stock traded as low as $12.69 and last traded at $12.71. 133,884 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 548,263 shares. The stock had previously closed at $13.20.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on SWI shares. Robert W. Baird lowered their target price on SolarWinds from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Scotiabank started coverage on SolarWinds in a report on Friday, September 13th. They issued a “sector perform” rating and a $13.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, SolarWinds currently has an average rating of “Hold” and an average price target of $13.80.

SolarWinds Trading Down 2.5 %

The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.92. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 183.86 and a beta of 0.97. The business has a 50 day moving average of $12.62 and a 200 day moving average of $12.00.

SolarWinds (NYSE:SWI) last posted its quarterly earnings data on Thursday, August 1st. The software maker reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.03. The business had revenue of $193.30 million for the quarter, compared to analyst estimates of $188.67 million. SolarWinds had a return on equity of 7.14% and a net margin of 2.96%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.12 earnings per share. On average, research analysts forecast that SolarWinds Co. will post 0.71 earnings per share for the current fiscal year.

Institutional Trading of SolarWinds

Large investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its stake in SolarWinds by 344.7% in the 3rd quarter. GAMMA Investing LLC now owns 2,068 shares of the software maker’s stock worth $27,000 after buying an additional 1,603 shares during the last quarter. nVerses Capital LLC acquired a new stake in SolarWinds in the 2nd quarter worth about $41,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in SolarWinds in the 2nd quarter worth about $58,000. Ameritas Investment Partners Inc. acquired a new stake in SolarWinds in the 1st quarter worth about $62,000. Finally, Innealta Capital LLC acquired a new stake in SolarWinds in the 2nd quarter worth about $79,000. Institutional investors and hedge funds own 93.96% of the company’s stock.

SolarWinds Company Profile

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.