SecureWorks (NASDAQ:SCWX) Sees Unusually-High Trading Volume

SecureWorks Corp. (NASDAQ:SCWX) saw unusually-high trading volume on Monday . Approximately 111,034 shares changed hands during mid-day trading, an increase of 257% from the previous session’s volume of 31,112 shares.The stock last traded at $5.88 and had previously closed at $6.00.

SecureWorks Price Performance

The firm has a market capitalization of $518.24 million, a PE ratio of -5.94 and a beta of 0.99. The business has a 50-day simple moving average of $6.31 and a 200-day simple moving average of $6.38.

SecureWorks (NASDAQ:SCWX) last announced its quarterly earnings results on Thursday, March 14th. The technology company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.13. SecureWorks had a negative return on equity of 9.56% and a negative net margin of 23.52%. On average, research analysts expect that SecureWorks Corp. will post -0.25 earnings per share for the current year.

Insider Activity at SecureWorks

In other SecureWorks news, major shareholder Neil Gagnon acquired 5,000 shares of the company’s stock in a transaction dated Tuesday, January 30th. The stock was acquired at an average cost of $6.80 per share, with a total value of $34,000.00. Following the purchase, the insider now directly owns 590,194 shares in the company, valued at approximately $4,013,319.20. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have acquired 24,584 shares of company stock valued at $155,536 over the last quarter. 83.10% of the stock is owned by insiders.

Institutional Trading of SecureWorks

A number of institutional investors have recently made changes to their positions in SCWX. Citigroup Inc. raised its stake in shares of SecureWorks by 95.3% in the 3rd quarter. Citigroup Inc. now owns 9,700 shares of the technology company’s stock valued at $60,000 after buying an additional 4,734 shares in the last quarter. Cove Street Capital LLC raised its position in shares of SecureWorks by 16.9% in the third quarter. Cove Street Capital LLC now owns 667,567 shares of the technology company’s stock valued at $3,979,000 after purchasing an additional 96,394 shares during the period. Quadrature Capital Ltd grew its stake in SecureWorks by 56.6% during the third quarter. Quadrature Capital Ltd now owns 25,377 shares of the technology company’s stock worth $158,000 after buying an additional 9,175 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in SecureWorks by 19.2% in the 3rd quarter. First Eagle Investment Management LLC now owns 843,133 shares of the technology company’s stock valued at $5,236,000 after buying an additional 135,589 shares during the last quarter. Finally, Brooktree Capital Management raised its holdings in SecureWorks by 4.8% during the 3rd quarter. Brooktree Capital Management now owns 170,420 shares of the technology company’s stock worth $1,058,000 after purchasing an additional 7,861 shares during the last quarter. 14.38% of the stock is owned by institutional investors and hedge funds.

SecureWorks Company Profile

SecureWorks Corp., through its subsidiaries, provides technology-driven information security solutions for protecting its customers in the United States and internationally. The company's solutions include software-as-a-service solutions; managed security services; and professional services, including incident response and penetration testing services.