Public Employees Retirement Association of Colorado Buys 62,744 Shares of Sailpoint Technologies Holdings Inc (NYSE:SAIL)

Public Employees Retirement Association of Colorado boosted its stake in shares of Sailpoint Technologies Holdings Inc (NYSE:SAIL) by 11.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 608,784 shares of the company’s stock after purchasing an additional 62,744 shares during the quarter. Public Employees Retirement Association of Colorado owned about 0.69% of Sailpoint Technologies worth $12,200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Janus Henderson Group PLC raised its stake in shares of Sailpoint Technologies by 20.3% in the second quarter. Janus Henderson Group PLC now owns 3,012,523 shares of the company’s stock worth $60,371,000 after purchasing an additional 507,503 shares during the last quarter. FMR LLC raised its stake in shares of Sailpoint Technologies by 5.6% in the first quarter. FMR LLC now owns 1,998,357 shares of the company’s stock worth $57,393,000 after purchasing an additional 106,813 shares during the last quarter. Eagle Asset Management Inc. raised its stake in shares of Sailpoint Technologies by 1.9% in the first quarter. Eagle Asset Management Inc. now owns 1,907,371 shares of the company’s stock worth $54,779,000 after purchasing an additional 35,117 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Sailpoint Technologies by 7.5% in the first quarter. Wells Fargo & Company MN now owns 1,867,557 shares of the company’s stock worth $53,635,000 after purchasing an additional 129,567 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Sailpoint Technologies in the fourth quarter worth about $34,726,000. 86.84% of the stock is currently owned by institutional investors.

Shares of SAIL stock opened at $21.34 on Thursday. The firm’s 50 day moving average is $20.85. The stock has a market capitalization of $1.93 billion, a PE ratio of 133.38 and a beta of 2.13. Sailpoint Technologies Holdings Inc has a twelve month low of $16.63 and a twelve month high of $34.60.



Sailpoint Technologies (NYSE:SAIL) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The company had revenue of $63.05 million for the quarter, compared to analysts’ expectations of $60.43 million. Sailpoint Technologies had a negative net margin of 3.39% and a positive return on equity of 1.99%. The firm’s revenue was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.03 earnings per share. Equities analysts predict that Sailpoint Technologies Holdings Inc will post -0.1 EPS for the current fiscal year.

In other Sailpoint Technologies news, CRO Howard R. Greenfield sold 1,910 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $20.15, for a total value of $38,486.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO James Cameron Mcmartin sold 14,000 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $18.94, for a total value of $265,160.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 81,444 shares of company stock worth $1,682,107. 4.10% of the stock is owned by corporate insiders.

Several brokerages have recently issued reports on SAIL. Canaccord Genuity restated a “hold” rating and issued a $20.00 price objective (down from $29.00) on shares of Sailpoint Technologies in a research note on Thursday, May 9th. KeyCorp reduced their price objective on Sailpoint Technologies from $35.00 to $28.00 and set an “in-line” rating for the company in a research note on Thursday, May 9th. TheStreet cut Sailpoint Technologies from a “c-” rating to a “d+” rating in a research note on Thursday, May 9th. Oppenheimer reduced their price objective on Sailpoint Technologies from $35.00 to $28.00 and set an “outperform” rating for the company in a research note on Thursday, May 9th. Finally, Summit Insights initiated coverage on Sailpoint Technologies in a research note on Wednesday, April 17th. They issued a “buy” rating and a $35.00 price objective for the company. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $27.25.

Sailpoint Technologies 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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Institutional Ownership by Quarter for Sailpoint Technologies (NYSE:SAIL)

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