Share on StockTwits

SolarWinds (NYSE:SWI) CEO Kevin B. Thompson unloaded 86,426 shares of SolarWinds stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $41.68, for a total value of $3,602,235.68. Following the sale, the chief executive officer now directly owns 407,198 shares in the company, valued at approximately $16,972,013. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Several analysts have recently commented on the stock. Analysts at Needham & Company LLC raised their price target on shares of SolarWinds from $50.00 to $53.00 in a research note on Friday, July 25th. They now have a “buy” rating on the stock. Separately, analysts at FBR Capital Markets raised their price target on shares of SolarWinds from $46.00 to $48.00 in a research note on Friday, July 25th. They now have a “market perform” rating on the stock. Finally, 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. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. SolarWinds presently has a consensus rating of “Buy” and a consensus price target of $45.70.

Shares of SolarWinds (NYSE:SWI) traded down 0.05% during mid-day trading on Thursday, hitting $41.61. 349,375 shares of the company’s stock traded hands. SolarWinds has a 52 week low of $31.94 and a 52 week high of $46.95. The stock’s 50-day moving average is $39.79 and its 200-day moving average is $41.14. The company has a market cap of $3.137 billion and a price-to-earnings ratio of 42.48.

SolarWinds (NYSE:SWI) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.41 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.37 by $0.04. The company had revenue of $101.50 million for the quarter, compared to the consensus estimate of $98.04 million. During the same quarter last year, the company posted $0.40 earnings per share. SolarWinds’s revenue was up 31.0% compared to the same quarter last year. Analysts expect that SolarWinds will post $1.71 EPS 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.