SecureWorks (NASDAQ:SCWX) Stock Crosses Below Fifty Day Moving Average of $6.56

SecureWorks Corp. (NASDAQ:SCWX)’s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $6.56 and traded as low as $5.89. SecureWorks shares last traded at $5.89, with a volume of 5,180 shares.

SecureWorks Stock Performance

The stock has a market cap of $520.03 million, a PE ratio of -5.83 and a beta of 0.99. The stock has a fifty day moving average price of $6.56 and a 200 day moving average price of $6.38.

SecureWorks (NASDAQ:SCWX) last announced its earnings results on Thursday, March 14th. The technology company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.13. SecureWorks had a negative return on equity of 9.56% and a negative net margin of 23.52%. As a group, equities analysts anticipate that SecureWorks Corp. will post -0.25 earnings per share for the current fiscal year.

Insider Transactions at SecureWorks

In related news, major shareholder Neil Gagnon bought 5,731 shares of the company’s stock in a transaction dated Tuesday, February 13th. The stock was purchased at an average price of $6.72 per share, for a total transaction of $38,512.32. Following the acquisition, the insider now owns 597,149 shares in the company, valued at $4,012,841.28. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In the last 90 days, insiders purchased 10,786 shares of company stock worth $72,886. 83.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On SecureWorks

Large investors have recently bought and sold shares of the business. UBS Group AG boosted its holdings in SecureWorks by 74.4% during the 4th quarter. UBS Group AG now owns 4,312 shares of the technology company’s stock valued at $28,000 after acquiring an additional 1,839 shares during the period. Natixis purchased a new position in SecureWorks during the 4th quarter valued at $33,000. Tower Research Capital LLC TRC boosted its holdings in SecureWorks by 1,998.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 6,064 shares of the technology company’s stock valued at $38,000 after acquiring an additional 5,775 shares during the period. Barclays PLC boosted its holdings in SecureWorks by 86.5% during the 1st quarter. Barclays PLC now owns 5,045 shares of the technology company’s stock valued at $43,000 after acquiring an additional 2,340 shares during the period. Finally, Deutsche Bank AG boosted its holdings in SecureWorks by 41.6% during the 1st quarter. Deutsche Bank AG now owns 5,949 shares of the technology company’s stock valued at $51,000 after acquiring an additional 1,749 shares during the period. Hedge funds and other institutional investors own 14.38% of the company’s stock.

About SecureWorks

SecureWorks Corp., through its subsidiaries, provides technology-driven information security solutions for protecting its customers in the United States and internationally. The company's solutions include software-as-a-service solutions; managed security services; and professional services, including incident response and penetration testing services.