Insider Selling: Kevin B. Thompson Sells 86,426 Shares of SolarWinds Stock (SWI)
SolarWinds (NYSE:SWI) CEO Kevin B. Thompson sold 86,426 shares of SolarWinds stock on the open market in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $41.68, for a total transaction of $3,602,235.68. Following the completion of 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 document filed with the SEC, which is available at this link.
SolarWinds (NYSE:SWI) opened at 41.31 on Monday. SolarWinds has a 1-year low of $31.94 and a 1-year high of $46.95. The stock has a 50-day moving average of $39.97 and a 200-day moving average of $41.15. The company has a market cap of $3.114 billion and a price-to-earnings ratio of 42.46.
SolarWinds (NYSE:SWI) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up 31.0% on a year-over-year basis. On average, analysts predict that SolarWinds will post $1.71 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on SWI shares. 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 equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $45.70.
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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