Sailpoint Technologies Holdings Inc (SAIL) COO Sells $265,160.00 in Stock

Sailpoint Technologies Holdings Inc (NYSE:SAIL) COO James Cameron Mcmartin sold 14,000 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $18.94, for a total transaction of $265,160.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Thursday, April 18th, James Cameron Mcmartin sold 14,000 shares of Sailpoint Technologies stock. The stock was sold at an average price of $27.06, for a total transaction of $378,840.00.
  • 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 transaction of $404,460.00.

Shares of NYSE:SAIL opened at $18.48 on Friday. The stock has a market cap of $1.69 billion, a P/E ratio of 115.50 and a beta of 1.56. Sailpoint Technologies Holdings Inc has a 12 month low of $18.00 and a 12 month high of $34.60.

Sailpoint Technologies (NYSE:SAIL) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.01. The company had revenue of $60.58 million for the quarter, compared to the consensus estimate of $60.26 million. Sailpoint Technologies had a negative net margin of 2.14% and a positive return on equity of 3.26%. On average, equities analysts predict that Sailpoint Technologies Holdings Inc will post -0.07 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on the stock. TheStreet downgraded shares of Sailpoint Technologies from a “c-” rating to a “d+” rating in a report on Thursday, May 9th. ValuEngine downgraded shares of Sailpoint Technologies from a “buy” rating to a “hold” rating in a report on Friday, May 10th. Oppenheimer reduced their target price on shares of Sailpoint Technologies from $35.00 to $28.00 and set an “outperform” rating on the stock in a report on Thursday, May 9th. Piper Jaffray Companies reduced their target price on shares of Sailpoint Technologies from $35.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday, May 9th. Finally, Canaccord Genuity restated a “hold” rating and issued a $20.00 target price (down from $29.00) on shares of Sailpoint Technologies in a report on Thursday, May 9th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $29.67.

Large investors have recently modified their holdings of the stock. Quantamental Technologies LLC bought a new position in Sailpoint Technologies during the 4th quarter valued at about $68,000. Meeder Asset Management Inc. bought a new position in Sailpoint Technologies during the 4th quarter valued at about $88,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Sailpoint Technologies during the 4th quarter valued at about $103,000. Optimum Investment Advisors grew its holdings in Sailpoint Technologies by 18.8% during the 1st quarter. Optimum Investment Advisors now owns 5,050 shares of the company’s stock valued at $145,000 after purchasing an additional 800 shares during the last quarter. Finally, Rehmann Capital Advisory Group bought a new position in Sailpoint Technologies during the 4th quarter valued at about $128,000. Institutional investors own 79.67% of the company’s stock.

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About Sailpoint Technologies

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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