SolarWinds Corp (NYSE:SWI) has earned an average rating of “Buy” from the seventeen research firms that are currently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $19.57.

A number of brokerages recently issued reports on SWI. Citigroup raised their target price on shares of SolarWinds from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Zacks Investment Research lowered shares of SolarWinds from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. Barclays restated a “hold” rating and set a $18.00 target price on shares of SolarWinds in a research report on Sunday, February 10th. Jefferies Financial Group restated a “buy” rating and set a $21.00 target price on shares of SolarWinds in a research report on Friday, February 8th. Finally, Goldman Sachs Group lowered shares of SolarWinds from a “buy” rating to a “neutral” rating and set a $20.00 target price on the stock. in a research report on Monday, March 18th.

SWI stock opened at $16.95 on Friday. The company has a market capitalization of $5.43 billion and a PE ratio of 29.74. SolarWinds has a 12 month low of $12.25 and a 12 month high of $21.22. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.73.

SolarWinds (NYSE:SWI) last released its quarterly earnings results on Wednesday, April 24th. The software maker reported $0.18 EPS for the quarter, beating the consensus estimate of $0.17 by $0.01. The business had revenue of $216.00 million during the quarter, compared to analyst estimates of $216.54 million. The company’s revenue was up 9.6% compared to the same quarter last year. Equities analysts anticipate that SolarWinds will post 0.81 EPS for the current fiscal year.

In other SolarWinds news, VP W. Joseph Kim sold 4,530 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $19.58, for a total transaction of $88,697.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Berman Insurance Fun Neuberger sold 302,419 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $17.42, for a total transaction of $5,268,138.98. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,690,902 shares of company stock worth $46,953,909. 1.60% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the business. Bank of Montreal Can purchased a new position in SolarWinds during the first quarter worth approximately $35,000. Meeder Asset Management Inc. purchased a new position in SolarWinds during the first quarter worth approximately $65,000. NumerixS Investment Technologies Inc purchased a new position in SolarWinds during the fourth quarter worth approximately $96,000. Public Employees Retirement System of Ohio purchased a new position in SolarWinds during the fourth quarter worth approximately $101,000. Finally, Morgan Stanley raised its stake in SolarWinds by 178.1% during the first quarter. Morgan Stanley now owns 6,716 shares of the software maker’s stock worth $131,000 after purchasing an additional 4,301 shares during the period. 93.71% of the stock is currently owned by institutional investors.

SolarWinds Company Profile

SolarWinds Corporation provides information technology (IT) infrastructure management software products in the United States and internationally. It offers products to monitor and manage network, system, desktop, application, storage, and database and Website infrastructures, whether on-premise, in the public or private cloud, or in a hybrid IT infrastructure.

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Analyst Recommendations for SolarWinds (NYSE:SWI)

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