SolarWinds’ shares drop 22 per cent. But what’s this? $286M in stock sales

Re:SolarWinds’ shares drop 22 per cent. But what’s this? $28... by exochrono on Wednesday December 16, 2020 @11:32PM (#25452490)

It sure seems like every time bad news breaks about a company, there's an accompanying well-timed stock sale from an insider with a convenient excuse.

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Re:SolarWinds’ shares drop 22 per cent. But what’s this? $28... by mulmen on Wednesday December 16, 2020 @11:46PM (#25452568)

Funny how the human mind works.

1) Is $286m a lot?

2) How many insiders are there and what is normal behavior for them?

3) Are these well-timed sales abnormal or are we only looking because of the headlines?

A quick read of this story doesn't seem to answer these questions.

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Re:SolarWinds’ shares drop 22 per cent. But what’s this? $28... by Sebguer on Thursday December 17, 2020 @12:03AM (#25452687)

Their market cap today is ~5.6B at $18 a share. Jumping back to December 7, they were worth $23, so ~7.3B market cap. So, close to 4% of outstanding shares.

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Re:SolarWinds’ shares drop 22 per cent. But what’s this? $28... by 0goel0 on Thursday December 17, 2020 @12:10AM (#25452731)

Outstanding is a bad metric. "Float" is a better one.

SWI has 53 million floating shares, resulting in 53m*23= $1.2 billion today.

So a quarter of float traded. That is crazy movement.

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Re:SolarWinds’ shares drop 22 per cent. But what’s this? $28... by Sebguer on Thursday December 17, 2020 @12:28AM (#25452833)

Agreed this metric is better, but the article also notes that these two firms own 70% of SolarWinds so any meaningful sale would be large by this measure I think?

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Re:SolarWinds’ shares drop 22 per cent. But what’s this? $28... by rtx on Thursday December 17, 2020 @12:13AM (#25452749)

Many times its just the stop loss being triggered.

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