Sailpoint Technologies Holdings Inc (SAIL) CRO Sells $702,250.00 in Stock

Sailpoint Technologies Holdings Inc (NYSE:SAIL) CRO Howard R. Greenfield sold 25,000 shares of the stock in a transaction that occurred on Thursday, October 18th. The stock was sold at an average price of $28.09, for a total value of $702,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

SAIL traded down $1.95 during trading on Friday, reaching $26.03. The stock had a trading volume of 1,174,000 shares, compared to its average volume of 962,888. The company has a market capitalization of $2.52 billion and a price-to-earnings ratio of 684.50. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.47 and a quick ratio of 1.47. Sailpoint Technologies Holdings Inc has a 1-year low of $12.82 and a 1-year high of $34.60.

Sailpoint Technologies (NYSE:SAIL) last announced its quarterly earnings data on Wednesday, August 8th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.05. The company had revenue of $54.60 million for the quarter, compared to analyst estimates of $50.02 million. The company’s revenue was up 38.9% on a year-over-year basis. Equities analysts expect that Sailpoint Technologies Holdings Inc will post -0.08 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the company. Seven Eight Capital LP lifted its position in shares of Sailpoint Technologies by 93.1% during the 3rd quarter. Seven Eight Capital LP now owns 30,900 shares of the company’s stock valued at $1,051,000 after acquiring an additional 14,900 shares during the last quarter. Radnor Capital Management LLC acquired a new stake in Sailpoint Technologies during the 3rd quarter valued at $242,000. Northern Trust Corp raised its stake in Sailpoint Technologies by 126.4% during the 2nd quarter. Northern Trust Corp now owns 486,162 shares of the company’s stock valued at $11,930,000 after purchasing an additional 271,397 shares during the period. Bank of New York Mellon Corp raised its stake in Sailpoint Technologies by 87.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 215,373 shares of the company’s stock valued at $5,285,000 after purchasing an additional 100,476 shares during the period. Finally, Bain Capital Public Equity Management LLC acquired a new stake in Sailpoint Technologies during the 2nd quarter valued at $2,471,000. Institutional investors own 50.63% of the company’s stock.

A number of research firms have weighed in on SAIL. Morgan Stanley set a $28.00 target price on Sailpoint Technologies and gave the stock a “hold” rating in a research report on Friday. Zacks Investment Research downgraded Sailpoint Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, October 6th. Northland Securities began coverage on Sailpoint Technologies in a research report on Tuesday, September 11th. They issued a “market perform” rating and a $34.00 target price for the company. Goldman Sachs Group began coverage on Sailpoint Technologies in a research report on Tuesday, August 21st. They issued a “neutral” rating and a $32.00 target price for the company. Finally, Royal Bank of Canada restated a “buy” rating and issued a $33.00 target price on shares of Sailpoint Technologies in a research report on Friday, August 10th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $31.69.

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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