SolarWinds Corp’s recent filing unveils that its CEO & President Ramakrishna Sudhakar unloaded Company’s shares for reported $2.74 million on Nov 07 ’24. In the deal valued at $13.68 per share,200,000 shares were sold. As a result of this transaction, Ramakrishna Sudhakar now holds 2,212,171 shares worth roughly $40.64 million.
Then, BOCK WILLIAM G sold 16,000 shares, generating $210,080 in total proceeds. Upon selling the shares at $13.13, the Director now owns 88,857 shares.
Before that, Sudhakar Ramakrishna bought 200,000 shares. SolarWinds Corp shares valued at $2,798,000 were divested by the Officer at a price of $13.99 per share.
Wedbush downgraded its SolarWinds Corp [SWI] rating to a Neutral from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Wedbush’s analysts, who began to cover the stock in mid December with a ‘”an Outperform”‘ rating. Scotiabank began covering SWI with “Sector perform” recommendation on September 13, 2024.
Price Performance Review of SWI
On Tuesday, SolarWinds Corp [NYSE:SWI] saw its stock jump 0.49% to $18.37. Over the last five days, the stock has lost -0.38%. SolarWinds Corp shares have risen nearly 28.91% since the year began. Nevertheless, the stocks have risen 62.57% over the past one year. While a 52-week high of $18.55 was reached on 02/07/25, a 52-week low of $10.14 was recorded on 01/13/25. SMA at 50 days reached $17.81, while 200 days put it at $14.18.
Levels Of Support And Resistance For SWI Stock
The 24-hour chart illustrates a support level at 18.34, which if violated will result in even more drops to 18.32. On the upside, there is a resistance level at 18.41. A further resistance level may holdings at 18.45. The Relative Strength Index (RSI) on the 14-day chart is 63.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.22%. Stochastics %K at 59.77% indicates the stock is a holding.
How much short interest is there in SolarWinds Corp?
A steep rise in short interest was recorded in SolarWinds Corp stocks on 2025-03-14, growing by 0.28 million shares to a total of 1.68 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 1.41 million shares. There was a rise of 16.39%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on February 01, 2024 when JP Morgan began covering the stock and recommended ‘”a Neutral”‘ rating along with a $14 price target.
