The stock of SolarWinds Corp (NYSE:SWI) last traded at $18.31, up 21.82% from the previous session.
SWI stock price is now 27.22% away from the 50-day moving average and 42.92% away from the 200-day moving average. The market capitalization of the company currently stands at $3.12B.
On December 19, 2024, Wedbush recently initiated its ‘Outperform’ rating on the stock quoting a target price of $20, while ‘Scotiabank’ rates the stock as ‘Sector Perform’
In other news, Ramakrishna Sudhakar, CEO & President sold 200,000 shares of the company’s stock on Nov 07 ’24. The stock was sold for $2,736,000 at an average price of $13.68. Upon completion of the transaction, the CEO & President now directly owns 2,212,171 shares in the company, valued at $40.5 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 05 ’24, Director BOCK WILLIAM G sold 16,000 shares of the business’s stock. A total of $210,080 was realized by selling the stock at an average price of $13.13. This leaves the insider owning 88,857 shares of the company worth $1.63 million. A total of 71.00% of the company’s stock is owned by insiders.
During the past 12 months, SolarWinds Corp has had a low of $10.14 and a high of $15.31. As of last week, the company has a debt-to-equity ratio of 0.92, a current ratio of 0.71, and a quick ratio of 0.71. According to the stock market information, the enterprise value for the company is $4183212544, which is based on a 81.70 price-to-earnings ratio, a 9.27 price-to-earnings-growth ratio, and a beta of 0.99. The fifty day moving average price for SWI is $14.392 and a two-hundred day moving average price translates $12.81115 for the stock.
The latest earnings results from SolarWinds Corp (NYSE: SWI) was released for 2024-09-30. The net profit margin was 4.93% and return on equity was 2.80% for SWI. The company reported revenue of $200.03 million for the quarter, compared to $189.59 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.5 percent.
