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SolarWinds (NYSE:SWI) CAO James Barton Kalsu sold 22,000 shares of the stock on the open market in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $40.13, for a total value of $882,860.00. Following the transaction, the chief accounting officer now directly owns 67,394 shares of the company’s stock, valued at approximately $2,704,521. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

SolarWinds (NYSE:SWI) traded down 1.90% on Thursday, hitting $39.76. 193,584 shares of the company’s stock traded hands. SolarWinds has a 1-year low of $31.94 and a 1-year high of $46.95. The stock’s 50-day moving average is $38.9 and its 200-day moving average is $40.50. The company has a market cap of $2.998 billion and a price-to-earnings ratio of 36.85.

SolarWinds (NYSE:SWI) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 31.5% on a year-over-year basis. Analysts expect that SolarWinds will post $1.65 EPS for the current fiscal year.

A number of analysts have recently weighed in on SWI shares. Analysts at Goldman Sachs cut their price target on shares of SolarWinds from $38.00 to $32.00 in a research note on Thursday, May 22nd. 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. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. SolarWinds has an average rating of “Hold” and a consensus price target of $43.06.

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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