SecureWorks (NASDAQ:SCWX) Sees Strong Trading Volume

Shares of SecureWorks Corp. (NASDAQ:SCWX - Get Free Report) saw an uptick in trading volume on Tuesday . 78,167 shares traded hands during mid-day trading, an increase of 148% from the previous session's volume of 31,542 shares.The stock last traded at $5.92 and had previously closed at $5.61.

SecureWorks Price Performance

The stock's 50 day simple moving average is $6.36 and its two-hundred day simple moving average is $6.38. The stock has a market cap of $508.55 million, a P/E ratio of -5.70 and a beta of 0.99.

SecureWorks (NASDAQ:SCWX - Get Free Report) last announced its quarterly earnings results on Thursday, March 14th. The technology company reported ($0.02) earnings per share for the quarter, beating 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%. As a group, analysts forecast that SecureWorks Corp. will post -0.25 earnings per share for the current fiscal year.

Insider Buying and Selling at SecureWorks

In other SecureWorks news, major shareholder Neil Gagnon acquired 5,000 shares of the business's stock in a transaction dated Tuesday, January 30th. The shares were acquired at an average price of $6.80 per share, with a total value of $34,000.00. Following the completion of the transaction, the insider now directly owns 590,194 shares in the company, valued at approximately $4,013,319.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders have purchased 10,786 shares of company stock valued at $72,886. 83.10% of the stock is currently owned by corporate insiders.

Institutional Trading of SecureWorks

A number of institutional investors have recently made changes to their positions in the business. First Eagle Investment Management LLC lifted its position in shares of SecureWorks by 4.2% in the fourth quarter. First Eagle Investment Management LLC now owns 878,177 shares of the technology company's stock worth $6,481,000 after purchasing an additional 35,044 shares in the last quarter. Cove Street Capital LLC increased its holdings in SecureWorks by 16.9% during the third quarter. Cove Street Capital LLC now owns 667,567 shares of the technology company's stock worth $3,979,000 after buying an additional 96,394 shares during the last quarter. Horrell Capital Management Inc. increased its holdings in SecureWorks by 44.6% during the third quarter. Horrell Capital Management Inc. now owns 615,554 shares of the technology company's stock worth $3,823,000 after buying an additional 190,000 shares during the last quarter. Scalar Gauge Management LLC acquired a new position in SecureWorks during the fourth quarter worth $1,816,000. Finally, Palogic Value Management L.P. increased its holdings in SecureWorks by 2.7% during the fourth quarter. Palogic Value Management L.P. now owns 243,000 shares of the technology company's stock worth $1,793,000 after buying an additional 6,497 shares during the last quarter. Institutional investors own 14.38% of the company's stock.

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.