SolarWinds SVP Bryan Allen Sims Sells 8,599 Shares (SWI)
SolarWinds (NYSE:SWI) SVP Bryan Allen Sims sold 8,599 shares of the stock on the open market in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $38.88, for a total transaction of $334,329.12. Following the transaction, the senior vice president now directly owns 25,865 shares in the company, valued at approximately $1,005,631. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Evercore Partners upgraded shares of SolarWinds from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday. They now have a $45.00 price target on the stock, up previously from $38.00. Separately, analysts at Zacks downgraded shares of SolarWinds from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, December 31st. They now have a $35.80 price target on the stock. Finally, analysts at JMP Securities initiated coverage on shares of SolarWinds in a research note to investors on Thursday, December 19th. They set an “outperform” rating and a $43.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. SolarWinds presently has an average rating of “Hold” and a consensus target price of $41.59.
SolarWinds (NYSE:SWI) traded up 0.74% on Wednesday, hitting $39.33. The stock had a trading volume of 564,613 shares. SolarWinds has a 1-year low of $31.94 and a 1-year high of $61.52. The stock has a 50-day moving average of $35.07 and a 200-day moving average of $37.10. The company has a market cap of $2.956 billion and a price-to-earnings ratio of 32.81.
SolarWinds (NYSE:SWI) last released its earnings data on Tuesday, October 29th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.36 by $0.05. The company had revenue of $87.90 million for the quarter, compared to the consensus estimate of $85.80 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up 22.6% on a year-over-year basis. On average, analysts predict that SolarWinds will post $1.56 earnings per share 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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