Sailpoint Technologies Holdings Inc (NYSE:SAIL) COO James Cameron Mcmartin Sells 1,800 Shares

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Sailpoint Technologies Holdings Inc (NYSE:SAIL) COO James Cameron Mcmartin sold 1,800 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $41.19, for a total value of $74,142.00.

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

  • On Monday, October 7th, James Cameron Mcmartin sold 60,000 shares of Sailpoint Technologies stock. The stock was sold at an average price of $18.52, for a total value of $1,111,200.00.

Shares of NYSE SAIL traded up $1.00 during trading hours on Friday, hitting $22.99. The stock had a trading volume of 2,018,753 shares, compared to its average volume of 1,290,271. The company has a market capitalization of $1.79 billion, a P/E ratio of 143.69 and a beta of 2.01. The firm’s 50-day moving average price is $19.25 and its two-hundred day moving average price is $20.73. Sailpoint Technologies Holdings Inc has a 52 week low of $16.63 and a 52 week high of $32.25.

Sailpoint Technologies (NYSE:SAIL) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.11. The business had revenue of $75.88 million during the quarter, compared to analysts’ expectations of $70.50 million. Sailpoint Technologies had a positive return on equity of 1.99% and a negative net margin of 3.39%. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.12 EPS. Equities research analysts anticipate that Sailpoint Technologies Holdings Inc will post -0.09 earnings per share for the current fiscal year.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research downgraded Sailpoint Technologies from a “buy” rating to a “hold” rating in a report on Friday, October 4th. Wedbush assumed coverage on Sailpoint Technologies in a report on Thursday. They issued an “outperform” rating and a $32.00 target price on the stock. Canaccord Genuity upped their target price on Sailpoint Technologies from $18.00 to $22.00 and gave the company a “hold” rating in a report on Thursday. Rosenblatt Securities reiterated a “hold” rating and issued a $23.00 target price on shares of Sailpoint Technologies in a report on Thursday. Finally, Piper Jaffray Companies assumed coverage on Sailpoint Technologies in a report on Friday. They issued an “overweight” rating and a $30.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Sailpoint Technologies has a consensus rating of “Buy” and a consensus price target of $27.40.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Sailpoint Technologies by 4.5% in the 2nd quarter. Vanguard Group Inc. now owns 7,407,641 shares of the company’s stock valued at $148,449,000 after buying an additional 322,351 shares in the last quarter. Soma Equity Partners LP bought a new stake in Sailpoint Technologies during the second quarter worth approximately $62,124,000. Janus Henderson Group PLC boosted its position in Sailpoint Technologies by 20.3% during 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 period. Bank of America Corp DE boosted its position in Sailpoint Technologies by 207.8% during the second quarter. Bank of America Corp DE now owns 2,701,115 shares of the company’s stock worth $54,131,000 after purchasing an additional 1,823,432 shares during the period. Finally, ETF Managers Group LLC boosted its position in Sailpoint Technologies by 26.4% during the second quarter. ETF Managers Group LLC now owns 2,437,095 shares of the company’s stock worth $48,279,000 after purchasing an additional 508,520 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

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.

Read More: Reverse Stock Split

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

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