SailPoint Technologies Holdings, Inc. (NYSE:SAIL) CEO Sells $1,177,750.00 in Stock

SailPoint Technologies Holdings, Inc. (NYSE:SAIL) CEO Mark D. Mcclain sold 25,000 shares of SailPoint Technologies stock in a transaction that occurred on Wednesday, September 15th. The stock was sold at an average price of $47.11, for a total transaction of $1,177,750.00. Following the completion of the transaction, the chief executive officer now directly owns 923,517 shares in the company, valued at approximately $43,506,885.87. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of SAIL stock traded down $0.27 during trading on Friday, hitting $46.93. 2,327,617 shares of the company were exchanged, compared to its average volume of 900,582. The business’s 50-day simple moving average is $47.60 and its 200 day simple moving average is $48.86. SailPoint Technologies Holdings, Inc. has a twelve month low of $36.40 and a twelve month high of $64.19.

SailPoint Technologies (NYSE:SAIL) last issued its quarterly earnings data on Monday, August 9th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.07). The business had revenue of $102.49 million for the quarter, compared to the consensus estimate of $99.28 million. SailPoint Technologies had a negative net margin of 9.58% and a negative return on equity of 3.68%. SailPoint Technologies’s revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.15 EPS. Sell-side analysts predict that SailPoint Technologies Holdings, Inc. will post -0.29 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of SAIL. Macquarie Group Ltd. raised its position in SailPoint Technologies by 1,099.9% during the second quarter. Macquarie Group Ltd. now owns 713,559 shares of the company’s stock valued at $36,441,000 after acquiring an additional 654,090 shares in the last quarter. Jefferies Group LLC raised its position in SailPoint Technologies by 597.4% during the second quarter. Jefferies Group LLC now owns 684,298 shares of the company’s stock valued at $34,947,000 after acquiring an additional 586,178 shares in the last quarter. Ameriprise Financial Inc. raised its position in SailPoint Technologies by 35.7% during the first quarter. Ameriprise Financial Inc. now owns 1,708,282 shares of the company’s stock valued at $86,508,000 after acquiring an additional 448,988 shares in the last quarter. Allianz Asset Management GmbH raised its position in SailPoint Technologies by 83.9% during the first quarter. Allianz Asset Management GmbH now owns 962,672 shares of the company’s stock valued at $48,750,000 after acquiring an additional 439,144 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of SailPoint Technologies by 126.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 706,112 shares of the company’s stock valued at $35,758,000 after purchasing an additional 394,541 shares during the period.

Several research analysts have commented on SAIL shares. TheStreet upgraded shares of SailPoint Technologies from a “d+” rating to a “c” rating in a report on Tuesday, July 20th. Zacks Investment Research upgraded shares of SailPoint Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, August 11th. Loop Capital raised their target price on shares of SailPoint Technologies from $45.00 to $50.00 and gave the stock a “hold” rating in a report on Tuesday, August 10th. Morgan Stanley reiterated a “buy” rating and issued a $75.00 target price on shares of SailPoint Technologies in a report on Friday, July 9th. Finally, Wolfe Research started coverage on shares of SailPoint Technologies in a report on Friday, August 6th. They issued an “outperform” rating and a $64.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $63.08.

About SailPoint Technologies

SailPoint Technologies Holdings, Inc engages in the provision of enterprise identity governance solutions. It operates through the following geographical segments: United States; EMAE or Europe, the Middle East, and Africa; and Rest of the World. It also offers licensing of software, sale of professional services, maintenance, and technical support.

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