Sailpoint Technologies Holdings Inc (NYSE:SAIL) CEO Sells $468,600.00 in Stock

Sailpoint Technologies Holdings Inc (NYSE:SAIL) CEO Mark D. Mcclain sold 20,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $23.43, for a total transaction of $468,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,419,827 shares in the company, valued at approximately $33,266,546.61. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of SAIL stock traded down $0.20 during trading hours on Wednesday, hitting $24.51. 2,127 shares of the company were exchanged, compared to its average volume of 1,413,186. The firm has a fifty day simple moving average of $20.04 and a 200 day simple moving average of $20.52. The company has a current ratio of 4.25, a quick ratio of 4.25 and a debt-to-equity ratio of 0.72. Sailpoint Technologies Holdings Inc has a 52-week low of $16.63 and a 52-week high of $32.25. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 153.50 and a beta of 2.01.

Sailpoint Technologies (NYSE:SAIL) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.11. Sailpoint Technologies had a negative net margin of 3.13% and a positive return on equity of 1.57%. The company had revenue of $75.88 million during the quarter, compared to analyst estimates of $70.50 million. During the same quarter last year, the business posted $0.12 EPS. Sailpoint Technologies’s quarterly revenue was up 15.4% compared to the same quarter last year. Sell-side analysts anticipate that Sailpoint Technologies Holdings Inc will post -0.07 EPS for the current year.

Several hedge funds have recently modified their holdings of SAIL. Commerzbank Aktiengesellschaft FI purchased a new position in Sailpoint Technologies in the 3rd quarter valued at approximately $249,000. ETF Managers Group LLC grew its stake in Sailpoint Technologies by 26.4% in the 2nd quarter. ETF Managers Group LLC now owns 2,437,095 shares of the company’s stock valued at $48,279,000 after buying an additional 508,520 shares in the last quarter. Macquarie Group Ltd. purchased a new position in Sailpoint Technologies in the 2nd quarter valued at approximately $4,172,000. Royal Bank of Canada grew its stake in Sailpoint Technologies by 13.3% in the 2nd quarter. Royal Bank of Canada now owns 36,600 shares of the company’s stock valued at $734,000 after buying an additional 4,297 shares in the last quarter. Finally, Park West Asset Management LLC grew its stake in Sailpoint Technologies by 82.2% in the 2nd quarter. Park West Asset Management LLC now owns 775,934 shares of the company’s stock valued at $15,550,000 after buying an additional 350,000 shares in the last quarter. Institutional investors own 91.85% of the company’s stock.

Several brokerages recently weighed in on SAIL. Canaccord Genuity raised their price target on shares of Sailpoint Technologies from $18.00 to $22.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Wedbush began coverage on shares of Sailpoint Technologies in a research note on Thursday, November 7th. They issued an “outperform” rating and a $32.00 price objective for the company. Zacks Investment Research lowered shares of Sailpoint Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Rosenblatt Securities reiterated a “hold” rating and issued a $23.00 price objective on shares of Sailpoint Technologies in a research note on Thursday, November 7th. Finally, Piper Jaffray Companies began coverage on shares of Sailpoint Technologies in a research note on Friday, November 8th. They issued an “overweight” rating and a $30.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $27.36.

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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Insider Buying and Selling by Quarter for Sailpoint Technologies (NYSE:SAIL)

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