ExodusPoint Capital Management LP grew its holdings in SolarWinds Co. (NYSE:SWI – Free Report) by 88.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,211 shares of the software maker’s stock after acquiring an additional 34,821 shares during the quarter. ExodusPoint Capital Management LP’s holdings in SolarWinds were worth $638,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE lifted its holdings in shares of SolarWinds by 1.1% during the first quarter. Bank of America Corp DE now owns 90,741 shares of the software maker’s stock valued at $1,207,000 after acquiring an additional 958 shares during the period. Price T Rowe Associates Inc. MD increased its position in SolarWinds by 3.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 26,655 shares of the software maker’s stock worth $249,000 after purchasing an additional 1,002 shares during the period. Sei Investments Co. increased its position in SolarWinds by 4.7% in the fourth quarter. Sei Investments Co. now owns 25,651 shares of the software maker’s stock worth $240,000 after purchasing an additional 1,163 shares during the period. Penserra Capital Management LLC increased its position in SolarWinds by 50.0% in the first quarter. Penserra Capital Management LLC now owns 5,754 shares of the software maker’s stock worth $76,000 after purchasing an additional 1,918 shares during the period. Finally, Covestor Ltd boosted its holdings in SolarWinds by 60.3% during the first quarter. Covestor Ltd now owns 6,639 shares of the software maker’s stock worth $88,000 after buying an additional 2,498 shares during the last quarter. 95.18% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other news, Director Easwaran Sundaram sold 40,000 shares of SolarWinds stock in a transaction on Monday, August 14th. The shares were sold at an average price of $10.88, for a total value of $435,200.00. Following the completion of the sale, the director now owns 32,284 shares in the company, valued at approximately $351,249.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.79% of the company’s stock.
Analysts Set New Price Targets
SolarWinds Stock Down 1.5 %
SWI stock opened at $10.53 on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.85. The business’s 50 day simple moving average is $10.69 and its 200 day simple moving average is $9.57. SolarWinds Co. has a 1-year low of $7.51 and a 1-year high of $12.22. The firm has a market capitalization of $1.73 billion, a PE ratio of -5.53 and a beta of 0.97.
SolarWinds (NYSE:SWI – Get Free Report) last posted its quarterly earnings results on Thursday, August 3rd. The software maker reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. SolarWinds had a negative net margin of 41.76% and a positive return on equity of 4.59%. The company had revenue of $185.03 million for the quarter, compared to the consensus estimate of $179.51 million. As a group, research analysts anticipate that SolarWinds Co. will post 0.46 EPS for the current year.
SolarWinds Corporation provides information technology (IT) management software products in the United States and internationally. The company offers a portfolio of solutions to technology professionals for monitoring, managing, and optimizing networks, systems, desktops, applications, storage, databases, website infrastructures, and IT service desks.
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