Sailpoint Technologies Holdings Inc (NYSE:SAIL) CRO Howard R. Greenfield sold 7,981 shares of the business’s stock in a transaction that occurred on Wednesday, November 21st. The stock was sold at an average price of $24.42, for a total transaction of $194,896.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of SAIL stock traded up $0.19 during trading hours on Monday, reaching $24.96. 577,300 shares of the stock traded hands, compared to its average volume of 981,504. Sailpoint Technologies Holdings Inc has a 1-year low of $13.77 and a 1-year high of $34.60. The firm has a market capitalization of $2.17 billion and a P/E ratio of 622.25.
Sailpoint Technologies (NYSE:SAIL) last released its quarterly earnings results on Wednesday, November 7th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.14. Sailpoint Technologies had a negative net margin of 2.59% and a positive return on equity of 3.43%. The business had revenue of $66.42 million for the quarter, compared to analyst estimates of $55.22 million. During the same quarter in the previous year, the business earned ($0.02) earnings per share. The firm’s revenue was up 52.5% compared to the same quarter last year. Equities research analysts predict that Sailpoint Technologies Holdings Inc will post 0.04 EPS for the current fiscal year.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Sailpoint Technologies from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Thursday, October 4th. Goldman Sachs Group assumed coverage on shares of Sailpoint Technologies in a report on Tuesday, August 21st. They set a “neutral” rating and a $32.00 price target on the stock. Citigroup boosted their price target on shares of Sailpoint Technologies from $33.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, August 9th. Royal Bank of Canada restated a “buy” rating and set a $33.00 price target on shares of Sailpoint Technologies in a report on Friday, August 10th. Finally, Morgan Stanley set a $28.00 price target on shares of Sailpoint Technologies and gave the company a “hold” rating in a report on Friday, October 19th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $31.23.
A number of institutional investors have recently added to or reduced their stakes in the business. Harvest Fund Management Co. Ltd acquired a new position in Sailpoint Technologies in the 3rd quarter valued at approximately $106,000. Millennium Management LLC increased its stake in Sailpoint Technologies by 2.3% in the 2nd quarter. Millennium Management LLC now owns 176,609 shares of the company’s stock valued at $4,334,000 after buying an additional 3,971 shares during the period. Sullivan Bruyette Speros & Blaney LLC increased its stake in Sailpoint Technologies by 14.3% in the 3rd quarter. Sullivan Bruyette Speros & Blaney LLC now owns 33,334 shares of the company’s stock valued at $1,134,000 after buying an additional 4,167 shares during the period. Great West Life Assurance Co. Can increased its stake in Sailpoint Technologies by 145.6% in the 3rd quarter. Great West Life Assurance Co. Can now owns 7,926 shares of the company’s stock valued at $270,000 after buying an additional 4,699 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in Sailpoint Technologies in the 2nd quarter valued at approximately $122,000. Hedge funds and other institutional investors own 63.96% of the company’s stock.
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Sailpoint Technologies Company Profile
SailPoint Technologies Holdings, Inc designs, develops, and markets identity governance software solutions in North America, Europe, and the Asia Pacific. The company offers on-premises software and cloud-based solutions, which empower organizations to govern the digital identities of employees, contractors, business partners, and other users, as well as manage their constantly changing access rights to enterprise applications and data across hybrid IT environments.
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