Neil Gagnon Purchases 13,798 Shares of SecureWorks Corp. (NASDAQ:SCWX) Stock

SecureWorks Corp. (NASDAQ:SCWX) major shareholder Neil Gagnon purchased 13,798 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were purchased at an average cost of $5.99 per share, for a total transaction of $82,650.02. Following the completion of the transaction, the insider now directly owns 610,947 shares of the company’s stock, valued at approximately $3,659,572.53. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Neil Gagnon also recently made the following trade(s):

• On Tuesday, February 13th, Neil Gagnon purchased 5,731 shares of SecureWorks stock. The shares were purchased at an average cost of $6.72 per share, for a total transaction of $38,512.32.
• On Thursday, February 1st, Neil Gagnon purchased 55 shares of SecureWorks stock. The shares were purchased at an average cost of $6.80 per share, for a total transaction of $374.00.
• On Tuesday, January 30th, Neil Gagnon purchased 5,000 shares of SecureWorks stock. The stock was acquired at an average price of $6.80 per share, for a total transaction of $34,000.00.

SecureWorks Stock Performance

SCWX stock opened at $6.00 on Friday. The company’s 50-day simple moving average is $6.31 and its 200 day simple moving average is $6.37. SecureWorks Corp. has a 52 week low of $5.40 and a 52 week high of $9.50.

SecureWorks (NASDAQ:SCWX) last announced its quarterly earnings data 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%. As a group, analysts anticipate that SecureWorks Corp. will post -0.25 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SCWX. Scalar Gauge Management LLC bought a new position in SecureWorks in the 4th quarter valued at approximately $1,816,000. Horrell Capital Management Inc. raised its holdings in SecureWorks by 44.6% during the 3rd quarter. Horrell Capital Management Inc. now owns 615,554 shares of the technology company’s stock worth $3,823,000 after purchasing an additional 190,000 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in SecureWorks by 19.2% during the 3rd quarter. First Eagle Investment Management LLC now owns 843,133 shares of the technology company’s stock worth $5,236,000 after purchasing an additional 135,589 shares during the last quarter. Cove Street Capital LLC raised its holdings in SecureWorks by 16.9% during the 3rd quarter. Cove Street Capital LLC now owns 667,567 shares of the technology company’s stock worth $3,979,000 after purchasing an additional 96,394 shares during the last quarter. Finally, Kovack Advisors Inc. raised its holdings in SecureWorks by 55.4% during the 1st quarter. Kovack Advisors Inc. now owns 207,400 shares of the technology company’s stock worth $1,394,000 after purchasing an additional 73,900 shares during the last quarter. Institutional investors 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 penetration testing services.