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SolarWinds (NYSE:SWI) EVP Paul Strelzick sold 30,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $38.12, for a total transaction of $1,143,600.00. Following the transaction, the executive vice president now directly owns 96,377 shares in the company, valued at approximately $3,673,891. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Several analysts have recently commented on the stock. Analysts at Cowen and Company upgraded shares of SolarWinds from a “market perform” rating to an “outperform” rating in a research note on Friday, April 11th. They now have a $47.00 price target on the stock, up previously from $44.00. They noted that the move was a valuation call. Analysts at Jefferies Group raised their price target on shares of SolarWinds from $51.00 to $57.00 in a research note on Thursday, March 6th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $43.26.

SolarWinds (NYSE:SWI) traded down 0.55% during mid-day trading on Wednesday, hitting $37.66. The stock had a trading volume of 603,600 shares. SolarWinds has a one year low of $31.94 and a one year high of $48.62. The stock has a 50-day moving average of $41.45 and a 200-day moving average of $39.66. The company has a market cap of $2.839 billion and a P/E ratio of 34.43.

SolarWinds (NYSE:SWI) last announced its earnings results on Tuesday, April 29th. The company reported $0.41 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.36 by $0.05. The company had revenue of $95.91 million for the quarter, compared to the consensus estimate of $93.68 million. During the same quarter last year, the company posted $0.41 earnings per share. SolarWinds’s revenue was up 31.5% compared to the same quarter last year. On average, analysts predict that SolarWinds will post $1.65 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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