SecureWorks (NASDAQ:SCWX) Trading Down 3.7%

SecureWorks Corp. (NASDAQ:SCWX - Get Free Report) shares dropped 3.7% during mid-day trading on Monday . The company traded as low as $6.47 and last traded at $6.47. Approximately 7,583 shares changed hands during trading, a decline of 77% from the average daily volume of 33,305 shares. The stock had previously closed at $6.72.

SecureWorks Stock Down 8.3 %

The stock has a market cap of $543.87 million, a price-to-earnings ratio of -6.10 and a beta of 0.99. The business has a 50-day moving average of $6.77 and a 200-day moving average of $6.38.

Insider Activity at SecureWorks

In other news, major shareholder Neil Gagnon acquired 6,694 shares of SecureWorks stock in a transaction that occurred on Monday, January 8th. The stock was purchased at an average price of $6.34 per share, with a total value of $42,439.96. Following the completion of the transaction, the insider now owns 578,294 shares in the company, valued at $3,666,383.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Over the last 90 days, insiders bought 19,380 shares of company stock valued at $127,771. Insiders own 83.10% of the company's stock.

Institutional Trading of SecureWorks

Institutional investors have recently bought and sold shares of the company. UBS Group AG lifted its position in shares of SecureWorks by 74.4% in the fourth quarter. UBS Group AG now owns 4,312 shares of the technology company's stock worth $28,000 after buying an additional 1,839 shares during the last quarter. Natixis acquired a new stake in shares of SecureWorks in the fourth quarter worth about $33,000. Tower Research Capital LLC TRC lifted its position in shares of SecureWorks by 1,998.3% in the third quarter. Tower Research Capital LLC TRC now owns 6,064 shares of the technology company's stock worth $38,000 after buying an additional 5,775 shares during the last quarter. Barclays PLC lifted its position in shares of SecureWorks by 86.5% in the first quarter. Barclays PLC now owns 5,045 shares of the technology company's stock worth $43,000 after buying an additional 2,340 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in shares of SecureWorks by 41.6% in the first quarter. Deutsche Bank AG now owns 5,949 shares of the technology company's stock worth $51,000 after buying an additional 1,749 shares during the last quarter. Institutional investors and hedge funds own 14.38% of the company's stock.

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 adversarial services.