SolarWinds (NYSE:SWI) Stock Price Down 3.7% – Should You Sell?

SolarWinds Co. (NYSE:SWI)’s stock price was down 3.7% on Monday . The stock traded as low as $12.69 and last traded at $12.71. Approximately 133,884 shares traded hands during trading, a decline of 76% from the average daily volume of 548,263 shares. The stock had previously closed at $13.20.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SWI shares. Scotiabank started coverage on shares of SolarWinds in a research note on Friday, September 13th. They issued a “sector perform” rating and a $13.00 target price for the company. Robert W. Baird decreased their target price on SolarWinds from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $13.80.

SolarWinds Stock Up 0.5 %

The stock has a fifty day moving average price of $12.70 and a two-hundred day moving average price of $12.00. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 183.86 and a beta of 0.97. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.92.

SolarWinds (NYSE:SWI) last announced its earnings results on Thursday, August 1st. The software maker reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. The firm had revenue of $193.30 million for the quarter, compared to analyst estimates of $188.67 million. SolarWinds had a net margin of 2.96% and a return on equity of 7.14%. The business’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.12 EPS. As a group, sell-side analysts expect that SolarWinds Co. will post 0.71 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC lifted its holdings in shares of SolarWinds by 344.7% during the 3rd quarter. GAMMA Investing LLC now owns 2,068 shares of the software maker’s stock worth $27,000 after acquiring an additional 1,603 shares during the period. nVerses Capital LLC acquired a new position in shares of SolarWinds in the second quarter valued at approximately $41,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in SolarWinds in the 2nd quarter valued at approximately $58,000. Ameritas Investment Partners Inc. acquired a new position in shares of SolarWinds during the first quarter worth $62,000. Finally, Innealta Capital LLC bought a new stake in shares of SolarWinds in the second quarter worth $79,000. Institutional investors own 93.96% of the company’s stock.

SolarWinds Company Profile

SolarWinds Corporation provides information technology (IT) management software products in the United States and internationally. It provides a suite of network management software that offers real-time visibility into network utilization and bandwidth, as well as the ability to detect, diagnose, and resolve network performance problems; and a suite of infrastructure management products, which monitors and analyzes the performance of applications and their supporting infrastructure, including servers, physical, virtual and cloud infrastructure, storage, and databases.