GuruFocus - On August 23, 2024, Andrea Webb, the Executive Vice President and Chief Customer Officer of SolarWinds Corp (NYSE:SWI), executed a sale of 59,303 shares of the company. The transaction was filed with the SEC and can be viewed in detail through the SEC Filing. Following this sale, the insider now owns 705,435 shares of SolarWinds Corp.
SolarWinds Corp, a software company, provides powerful and affordable IT management software to customers worldwide. The company's products are designed to help IT professionals manage networks, systems, and IT infrastructure.
The shares were sold at a price of $12.5 each, placing the market cap of SolarWinds Corp at approximately $2.15 billion. This pricing positions the stock with a price-earnings ratio of 99.84, significantly above both the industry median of 25.7 and the company's historical median.
According to the GF Value, the intrinsic value of SolarWinds Corp is estimated at $11.38 per share, making the current price of $12.5 suggest that the stock is Modestly Overvalued with a price-to-GF-Value ratio of 1.1.
Over the past year, the insider transaction history at SolarWinds Corp shows a trend of more sales than purchases among insiders, with 0 insider buys and 2 insider sells. The insider, Andrea Webb, has sold a total of 59,303 shares over the past year and has not made any purchases.
This recent transaction follows the trend observed within the company, indicating a possible preference for realizing gains or reallocating investments, rather than increasing stakes at current prices and valuations.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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