In a report released on April 28, Robert Oliver from Robert W. Baird maintained a Hold rating on SolarWinds (SWI – Research Report), with a price target of $11.00. The company’s shares opened today at $8.51.
Oliver covers the Technology sector, focusing on stocks such as Tyler Technologies, Verisign, and BlackLine. According to TipRanks, Oliver has an average return of 7.1% and a 51.37% success rate on recommended stocks.
In addition to Robert W. Baird, SolarWinds also received a Hold from Truist Financial’s Terry Tillman in a report issued on April 28. However, on the same day, JMP Securities reiterated a Buy rating on SolarWinds (NYSE: SWI).
See Insiders’ Hot Stocks on TipRanks >>
Based on SolarWinds’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $179.4 million and a GAAP net loss of $292.22 million. In comparison, last year the company earned a revenue of $186.72 million and had a GAAP net loss of $21.89 million
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
SolarWinds Corp. engages in the provision of information technology (IT)infrastructure management software. It provides network management, systems management, database management, IT security, IT helpdesk, and cloud services. The company was founded in 1999 and is headquartered in Austin, TX.
Read More on SWI:
