SecureWorks (NASDAQ:SCWX) Trading Down 4.7%

SecureWorks Corp. (NASDAQ:SCWX - Get Free Report)'s stock price fell 4.7% during trading on Monday . The company traded as low as $5.70 and last traded at $5.71. 13,384 shares changed hands during trading, a decline of 57% from the average session volume of 31,108 shares. The stock had previously closed at $5.99.

SecureWorks Price Performance

The stock's 50-day moving average is $6.38 and its 200 day moving average is $6.38. The company has a market cap of $495.31 million, a PE ratio of -5.55 and a beta of 0.99.

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

Insider Transactions at SecureWorks

In other SecureWorks news, major shareholder Neil Gagnon acquired 5,731 shares of the business's stock in a transaction dated Tuesday, February 13th. The shares were purchased at an average price of $6.72 per share, for a total transaction of $38,512.32. Following the completion of the purchase, the insider now directly owns 597,149 shares of the company's stock, valued at $4,012,841.28. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have acquired 10,786 shares of company stock worth $72,886 over the last 90 days. 83.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On SecureWorks

Several institutional investors and hedge funds have recently bought and sold shares of SCWX. Scalar Gauge Management LLC acquired a new position in SecureWorks in the 4th quarter valued at about $1,816,000. Horrell Capital Management Inc. raised its stake in shares of SecureWorks by 44.6% in the 3rd quarter. Horrell Capital Management Inc. now owns 615,554 shares of the technology company's stock valued at $3,823,000 after acquiring an additional 190,000 shares during the period. First Eagle Investment Management LLC raised its stake in shares of 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 acquiring an additional 135,589 shares during the period. Cove Street Capital LLC raised its stake in shares of SecureWorks by 16.9% in the 3rd quarter. Cove Street Capital LLC now owns 667,567 shares of the technology company's stock valued at $3,979,000 after acquiring an additional 96,394 shares during the period. Finally, Kovack Advisors Inc. raised its stake in shares of SecureWorks by 55.4% in the 1st quarter. Kovack Advisors Inc. now owns 207,400 shares of the technology company's stock valued at $1,394,000 after acquiring an additional 73,900 shares during the period. 14.38% of the stock is currently owned by institutional investors and hedge funds.

About SecureWorks

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.