SecureWorks (NASDAQ:SCWX) Sees Large Volume Increase

SecureWorks Corp. (NASDAQ:SCWX) shares saw unusually-high trading volume on Tuesday . Approximately 78,167 shares traded hands during trading, an increase of 148% from the previous session’s volume of 31,542 shares.The stock last traded at $5.92 and had previously closed at $5.61.

SecureWorks Stock Performance

The business has a 50-day moving average of $6.38 and a 200 day moving average of $6.38.

SecureWorks (NASDAQ:SCWX) last announced its earnings results on Thursday, March 14th. The technology company reported ($0.02) earnings per share for the quarter, beating the consensus estimate 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, analysts expect that SecureWorks Corp. will post -0.25 earnings per share for the current year.

Insider Buying and Selling

In other SecureWorks news, major shareholder Neil Gagnon acquired 5,731 shares of the stock in a transaction dated Tuesday, February 13th. The stock was purchased at an average cost 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 approximately $4,012,841.28. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have purchased 10,786 shares of company stock valued at $72,886 over the last 90 days. 83.10% of the stock is owned by corporate insiders.

Institutional Trading of SecureWorks

Several institutional investors have recently bought and sold shares of SCWX. Citigroup Inc. raised its position in shares of SecureWorks by 95.3% in the 3rd quarter. Citigroup Inc. now owns 9,700 shares of the technology company’s stock valued at $60,000 after purchasing an additional 4,734 shares in the last quarter. Y.D. More Investments Ltd increased its stake in SecureWorks by 38.2% in the 3rd quarter. Y.D. More Investments Ltd now owns 18,829 shares of the technology company’s stock valued at $113,000 after buying an additional 5,207 shares during the last quarter. Palogic Value Management L.P. increased its position in SecureWorks by 2.7% during the 4th quarter. Palogic Value Management L.P. now owns 243,000 shares of the technology company’s stock worth $1,793,000 after buying an additional 6,497 shares during the period. Brooktree Capital Management grew its holdings in SecureWorks by 4.8% during the 3rd quarter. Brooktree Capital Management now owns 170,420 shares of the technology company’s stock worth $1,058,000 after acquiring an additional 7,861 shares during the last quarter. Finally, Quadrature Capital Ltd increased its holdings in shares of SecureWorks by 56.6% during the third quarter. Quadrature Capital Ltd now owns 25,377 shares of the technology company’s stock valued at $158,000 after acquiring an additional 9,175 shares in the last quarter. 14.38% of the stock is owned by institutional investors and hedge funds.

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.