Sailpoint Technologies Holdings Inc (SAIL) CFO Sells $378,840.00 in Stock

Sailpoint Technologies Holdings Inc (NYSE:SAIL) CFO James Cameron Mcmartin sold 14,000 shares of the firm’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $27.06, for a total value of $378,840.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

James Cameron Mcmartin also recently made the following trade(s):

  • On Monday, March 18th, James Cameron Mcmartin sold 14,000 shares of Sailpoint Technologies stock. The stock was sold at an average price of $28.89, for a total value of $404,460.00.
  • On Tuesday, February 19th, James Cameron Mcmartin sold 14,000 shares of Sailpoint Technologies stock. The stock was sold at an average price of $31.76, for a total value of $444,640.00.

SAIL stock opened at $27.15 on Monday. Sailpoint Technologies Holdings Inc has a 1 year low of $20.55 and a 1 year high of $34.60. The stock has a market capitalization of $2.40 billion, a PE ratio of 169.69, a P/E/G ratio of 54.30 and a beta of 1.69.

Sailpoint Technologies (NYSE:SAIL) last posted its earnings results on Tuesday, March 5th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.11. Sailpoint Technologies had a positive return on equity of 4.14% and a negative net margin of 1.27%. The business had revenue of $80.59 million during the quarter, compared to analyst estimates of $71.01 million. Analysts expect that Sailpoint Technologies Holdings Inc will post 0.03 EPS for the current year.

Several hedge funds have recently bought and sold shares of SAIL. Citigroup Inc. grew its stake in Sailpoint Technologies by 75.4% during the 4th quarter. Citigroup Inc. now owns 37,106 shares of the company’s stock valued at $872,000 after purchasing an additional 15,949 shares in the last quarter. Two Sigma Advisers LP grew its stake in Sailpoint Technologies by 126.1% during the 4th quarter. Two Sigma Advisers LP now owns 64,000 shares of the company’s stock valued at $1,503,000 after purchasing an additional 35,700 shares in the last quarter. MetLife Investment Advisors LLC acquired a new stake in Sailpoint Technologies during the 3rd quarter valued at approximately $1,247,000. Vanguard Group Inc grew its stake in Sailpoint Technologies by 42.6% during the 3rd quarter. Vanguard Group Inc now owns 5,953,503 shares of the company’s stock valued at $202,538,000 after purchasing an additional 1,778,907 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Sailpoint Technologies during the 3rd quarter valued at approximately $16,595,000. Institutional investors and hedge funds own 81.21% of the company’s stock.

A number of research firms have recently commented on SAIL. Monness Crespi & Hardt restated a “buy” rating and issued a $37.00 price objective (up from $30.00) on shares of Sailpoint Technologies in a report on Wednesday, February 20th. Northland Securities restated a “hold” rating and issued a $30.00 price objective on shares of Sailpoint Technologies in a report on Wednesday, March 6th. Summit Insights started coverage on Sailpoint Technologies in a report on Wednesday, April 17th. They issued a “buy” rating and a $35.00 price objective on the stock. Piper Jaffray Companies reiterated an “overweight” rating and issued a $35.00 target price on shares of Sailpoint Technologies in a research note on Wednesday, March 6th. Finally, Zacks Investment Research upgraded Sailpoint Technologies from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Tuesday, December 25th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $32.33.

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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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