SecureWorks (NASDAQ:SCWX) Shares Down 4.7%

Shares of SecureWorks Corp. (NASDAQ:SCWX) dropped 4.7% during trading on Monday . The stock traded as low as $5.70 and last traded at $5.71. Approximately 13,384 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 31,108 shares. The stock had previously closed at $5.99.

SecureWorks Stock Up 2.7 %

The company’s fifty day moving average price is $6.36 and its 200 day moving average price is $6.38.

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

Insider Activity

In other news, major shareholder Neil Gagnon acquired 5,731 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was bought at an average cost of $6.72 per share, for a total transaction of $38,512.32. Following the completion of the transaction, the insider now owns 597,149 shares of the company’s stock, valued at $4,012,841.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders bought 10,786 shares of company stock worth $72,886. 83.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On SecureWorks

Hedge funds have recently bought and sold shares of the stock. Citigroup Inc. lifted its position in SecureWorks by 95.3% during the third 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 during the last quarter. Y.D. More Investments Ltd raised its stake in shares of SecureWorks by 38.2% during the third quarter. Y.D. More Investments Ltd now owns 18,829 shares of the technology company’s stock worth $113,000 after acquiring an additional 5,207 shares in the last quarter. Quadrature Capital Ltd raised its stake 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 worth $158,000 after acquiring an additional 9,175 shares in the last quarter. Kovack Advisors Inc. raised its stake in shares of SecureWorks by 114.6% during the fourth quarter. Kovack Advisors Inc. now owns 133,500 shares of the technology company’s stock worth $985,000 after acquiring an additional 71,300 shares in the last quarter. Finally, Brooktree Capital Management raised its stake in shares of SecureWorks by 4.8% during the third 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 in the last quarter. 14.38% of the stock is currently owned by institutional investors.

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.