SecureWorks (NASDAQ:SCWX) Sees Large Volume Increase

Shares of SecureWorks Corp. (NASDAQ:SCWX) 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 stock has a market capitalization of $520.91 million, a P/E ratio of -5.84 and a beta of 0.99. The stock has a 50 day moving average of $6.33 and a 200 day moving average of $6.37.

SecureWorks (NASDAQ:SCWX) last issued its quarterly earnings data on Thursday, March 14th. The technology company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.13. SecureWorks had a negative return on equity of 9.56% and a negative net margin of 23.52%. On average, research analysts anticipate that SecureWorks Corp. will post -0.25 EPS for the current fiscal year.

Insider Transactions at SecureWorks

In other SecureWorks news, major shareholder Neil Gagnon purchased 13,798 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was bought at an average price of $5.99 per share, with a total value of $82,650.02. Following the completion of the purchase, the insider now owns 610,947 shares in the company, valued at approximately $3,659,572.53. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last quarter, insiders acquired 24,584 shares of company stock valued at $155,536. 83.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Citigroup Inc. grew its stake in shares of SecureWorks by 95.3% in the third quarter. Citigroup Inc. now owns 9,700 shares of the technology company’s stock worth $60,000 after purchasing an additional 4,734 shares in the last quarter. Cove Street Capital LLC boosted its stake in SecureWorks by 16.9% during the third quarter. Cove Street Capital LLC now owns 667,567 shares of the technology company’s stock valued at $3,979,000 after buying an additional 96,394 shares in the last quarter. Quadrature Capital Ltd boosted its stake in 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 buying an additional 9,175 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in SecureWorks by 19.2% during the third quarter. First Eagle Investment Management LLC now owns 843,133 shares of the technology company’s stock valued at $5,236,000 after buying an additional 135,589 shares in the last quarter. Finally, Brooktree Capital Management boosted its stake in SecureWorks by 4.8% during the third quarter. Brooktree Capital Management now owns 170,420 shares of the technology company’s stock valued at $1,058,000 after buying an additional 7,861 shares in the last quarter. Institutional investors own 14.38% of the company’s stock.

SecureWorks Company Profile

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.