() experienced a significant rise in short interest during the month of April. On April 15th there were 1,470,000 short shares. This is a 14.8% increase from March 31st's total of 1,280,000. The days-tocover ratio, based on an average trading volume (392,200 shares), is currently 3.7 days. Short selling is currently 4.0%.
SolarWinds Price Performance
The stock fell $0.04 at midday on Friday to $8.62. The trading volume was 632,854 versus its average of 328 478 shares. SolarWinds' 12-month low is $7.51, and its 12-month high is $12.79. The company's market cap is $1.41 billion. It has a P/E of -1.49, and a beta value of 0.97. The company has a simple moving-average of $8.61 for the past 50 days and $8.98 for the last 200 days. The last time ) announced its quarterly results was on Thursday, 9th February. The software maker's $0.09 per share earnings for the quarter fell short of analysts' expectations ($0.04). Revenue for the quarter was $187.07 millions, which is higher than analysts' expectations of $150.96 million. SolarWinds's negative net margin was 127.71%, and its positive return on equity was 4.33%. Sell-side analysts expect SolarWinds to post an average of 0.43 earnings per shares for the current fiscal year.
Analyst Ratings Changes
SWI has recently been the subject of several research reports. Royal Bank of Canada reiterated a "sector-perform" rating on SolarWinds shares and set an $11.00 target price in a research report on Monday, 6th March. Morgan Stanley raised their price target on SolarWinds shares from $10.00 up to $11.00 in a report published on Friday, February 10.
SolarWinds Institutional Trading
Recently, several large investors changed their positions in the company. Bank of America Corp DE increased its holdings in SolarWinds shares by 1.1% during the first quarter. Bank of America Corp DE owns 90 741 shares of the stock of the software maker valued at $1 207,000, after buying 958 additional shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in SolarWinds shares by 3.9% during the fourth quarter. Price T Rowe Associates Inc. MD owns 26,655 of the software maker’s stock, valued at $249,000, after purchasing an additional 1,002 in the fourth quarter. Sei Investments Co. increased its holdings in SolarWinds shares by 4.7% during the fourth quarter. Sei Investments Co. owns 25,651 of the software maker’s stock, valued at $240,000. This is after adding 1,163 additional shares during the last quarter. Penserra Capital Management LLC increased its holdings in SolarWinds shares by 50.0% during the first quarter. Penserra Capital Management LLC owns 5,754 of the software maker’s stock, valued at $76,000. This is after adding 1,918 additional shares during the last quarter. Signaturefd LLC increased its holdings in SolarWinds shares by 47.4% during the fourth quarter. Signaturefd LLC owns 6,029 of the software maker’s stock, valued at $56,000. This is after adding 1,939 additional shares during the last quarter. Institutional investors and hedge fund currently own 95.22 % of the company's stock.
SolarWinds Corp. is a provider of software for managing IT infrastructure. It offers network management, system management, database administration, IT security and help desk services. The company was founded by Austin, TX in 1999.
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