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

SecureWorks Corp. (NASDAQ:SCWX) major shareholder Neil Gagnon purchased 13,798 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was bought at an average price of $5.99 per share, for a total transaction of $82,650.02. Following the purchase, the insider now owns 610,947 shares in the company, valued at $3,659,572.53. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions 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 stock was bought at an average price 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 stock was bought at an average price 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 bought at an average price of $6.80 per share, for a total transaction of $34,000.00.

SecureWorks Stock Up 1.5 %

Shares of NASDAQ SCWX traded up $0.09 during mid-day trading on Thursday, hitting $5.90. 20,885 shares of the company’s stock traded hands, compared to its average volume of 31,680. The company’s 50-day moving average is $6.34 and its two-hundred day moving average is $6.38. SecureWorks Corp. has a 1 year low of $5.40 and a 1 year high of $10.02.

SecureWorks (NASDAQ:SCWX) last announced its earnings results on Thursday, March 14th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate 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 anticipate that SecureWorks Corp. will post -0.25 EPS for the current fiscal year.

Institutional Trading of SecureWorks

Several hedge funds have recently made changes to their positions in SCWX. Y.D. More Investments Ltd grew its holdings in SecureWorks by 38.2% during the 3rd quarter. Y.D. More Investments Ltd now owns 18,829 shares of the technology company’s stock valued at $113,000 after purchasing an additional 5,207 shares during the last quarter. Horrell Capital Management Inc. grew 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 valued at $3,823,000 after purchasing an additional 190,000 shares during the last quarter. Brooktree Capital Management grew its holdings in SecureWorks by 4.8% during the 3rd quarter. Brooktree Capital Management now owns 170,420 shares of the technology company’s stock valued at $1,058,000 after purchasing an additional 7,861 shares during the last quarter. First Eagle Investment Management LLC grew 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 valued at $5,236,000 after purchasing an additional 135,589 shares during the last quarter. Finally, Cove Street Capital LLC grew its stake in SecureWorks by 16.9% in the 3rd quarter. Cove Street Capital LLC now owns 667,567 shares of the technology company’s stock worth $3,979,000 after acquiring an additional 96,394 shares in the last quarter. 14.38% of the stock is currently owned by hedge funds and other 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.