Insider Selling: Kevin B. Thompson Sells 50,000 Shares of SolarWinds Stock (SWI)
SolarWinds (NYSE:SWI) CEO Kevin B. Thompson unloaded 50,000 shares of SolarWinds stock on the open market in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $45.52, for a total value of $2,276,000.00. Following the completion of the transaction, the chief executive officer now directly owns 407,198 shares of the company’s stock, valued at approximately $18,535,653. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on SWI. Analysts at Deutsche Bank raised their price target on shares of SolarWinds from $40.00 to $45.00 in a research note on Thursday, February 6th. They now have a “hold” rating on the stock. Separately, analysts at Needham & Company raised their price target on shares of SolarWinds from $42.00 to $50.00 in a research note on Thursday, February 6th. They now have a “buy” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of SolarWinds from $45.00 to $51.00 in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. SolarWinds has an average rating of “Hold” and an average price target of $43.49.
SolarWinds (NYSE:SWI) traded up 0.85% on Wednesday, hitting $46.13. 448,908 shares of the company’s stock traded hands. SolarWinds has a 52 week low of $31.94 and a 52 week high of $61.52. The stock has a 50-day moving average of $41.89 and a 200-day moving average of $37.49. The company has a market cap of $3.466 billion and a P/E ratio of 39.09.
SolarWinds (NYSE:SWI) last announced its earnings results on Wednesday, February 5th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07. The company had revenue of $97.10 million for the quarter, compared to the consensus estimate of $91.50 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was up 32.1% on a year-over-year basis. On average, analysts predict that SolarWinds will post $1.61 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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