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

Shares of SecureWorks Corp. (NASDAQ:SCWX - Get Free Report) saw unusually-strong 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 Stock Performance

The stock's 50 day moving average is $6.29 and its 200 day moving average is $6.38. The company has a market capitalization of $518.24 million, a PE ratio of -5.81 and a beta of 0.99.

SecureWorks (NASDAQ:SCWX - Get Free Report) last issued its earnings results on Thursday, March 14th. The technology company reported ($0.02) earnings per share (EPS) 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%. On average, equities research analysts forecast that SecureWorks Corp. will post -0.25 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Neil Gagnon bought 5,000 shares of SecureWorks stock in a transaction on Tuesday, January 30th. The stock was acquired at an average price of $6.80 per share, with a total value of $34,000.00. Following the acquisition, the insider now directly owns 590,194 shares of the company's stock, valued at $4,013,319.20. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have purchased 24,584 shares of company stock valued at $155,536. Corporate insiders own 83.10% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Horrell Capital Management Inc. increased its holdings in shares of SecureWorks by 0.3% in the first quarter. Horrell Capital Management Inc. now owns 582,878 shares of the technology company's stock worth $3,917,000 after purchasing an additional 2,000 shares during the period. Kovack Advisors Inc. increased its stake in SecureWorks by 55.4% in the 1st quarter. Kovack Advisors Inc. now owns 207,400 shares of the technology company's stock worth $1,394,000 after acquiring an additional 73,900 shares during the last quarter. Palogic Value Management L.P. raised its holdings in shares of SecureWorks by 2.7% in the 4th quarter. Palogic Value Management L.P. now owns 243,000 shares of the technology company's stock valued at $1,793,000 after acquiring an additional 6,497 shares in the last quarter. Scalar Gauge Management LLC bought a new stake in shares of SecureWorks during the 4th quarter valued at about $1,816,000. Finally, First Eagle Investment Management LLC grew its holdings in shares of SecureWorks by 4.2% during 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. 14.38% of the stock is owned by institutional investors.

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.