On August 6, 2024, Easwaran Sundaram, a Director at SolarWinds Corp (SWI, Financial), executed a sale of 30,000 shares of the company at a price of $11.06 per share. This transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 21,825 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 their networks, systems, and IT security.
Over the past year, Easwaran Sundaram has sold a total of 70,000 shares of SolarWinds Corp and has not purchased any shares. This recent transaction is part of a broader trend observed over the past year, where there have been 2 insider sells and 0 insider buys at SolarWinds Corp.
The shares of SolarWinds Corp were trading at $11.06 on the day of the sale, giving the company a market cap of approximately $2.14 billion. The price-earnings ratio of the company stands at 99.45, significantly higher than the industry median of 25.92.
According to the GF Value, the intrinsic value of SolarWinds Corp's stock is estimated at $11.38, suggesting that the stock is Modestly Overvalued with a price-to-GF-Value ratio of 0.97.
This insider sale and the valuation metrics provide important data points for investors monitoring the stock's performance and insider behaviors at SolarWinds Corp.
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