Zimmer Partners LP purchased a new stake in shares of Sailpoint Technologies Holdings Inc (NYSE:SAIL) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 170,000 shares of the company’s stock, valued at approximately $2,465,000. Zimmer Partners LP owned 0.20% of Sailpoint Technologies at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Tower Research Capital LLC TRC purchased a new position in Sailpoint Technologies in the fourth quarter worth about $100,000. Thompson Davis & CO. Inc. bought a new stake in shares of Sailpoint Technologies in the fourth quarter worth approximately $156,000. Pentwater Capital Management LP bought a new stake in shares of Sailpoint Technologies in the fourth quarter worth approximately $290,000. Two Sigma Investments LP bought a new stake in shares of Sailpoint Technologies in the fourth quarter worth approximately $1,300,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Sailpoint Technologies in the fourth quarter worth approximately $1,405,000. 25.03% of the stock is owned by institutional investors.
SAIL has been the subject of several recent research reports. Royal Bank of Canada restated a “buy” rating and set a $21.00 target price on shares of Sailpoint Technologies in a research report on Friday, February 23rd. KeyCorp upped their price target on shares of Sailpoint Technologies from $22.00 to $26.00 and gave the stock an “overweight” rating in a research report on Monday, March 19th. Zacks Investment Research downgraded shares of Sailpoint Technologies from a “buy” rating to a “hold” rating in a report on Saturday, March 24th. Canaccord Genuity started coverage on shares of Sailpoint Technologies in a report on Tuesday, December 12th. They issued a “hold” rating and a $15.00 target price on the stock. Finally, Morgan Stanley started coverage on shares of Sailpoint Technologies in a research note on Tuesday, December 12th. They set an “equal weight” rating and a $16.00 price target on the stock. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Sailpoint Technologies has a consensus rating of “Buy” and a consensus price target of $21.11.
Shares of Sailpoint Technologies stock opened at $20.39 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.21. Sailpoint Technologies Holdings Inc has a 1 year low of $12.82 and a 1 year high of $23.93. The stock has a market cap of $1,746.16 and a price-to-earnings ratio of 509.75.
Sailpoint Technologies (NYSE:SAIL) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.02. The firm had revenue of $67.77 million for the quarter, compared to analysts’ expectations of $55.75 million. equities research analysts forecast that Sailpoint Technologies Holdings Inc will post 0.05 earnings per share for the current fiscal year.
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Sailpoint Technologies Company Profile
SailPoint Technologies Holdings, Inc is a provider of enterprise identity governance solutions. The Company is focused on providing SailPoint that empowers customers to efficiently and securely govern the digital identities of employees, contractors, business partners and other users, and manage their constantly changing access rights to enterprise applications and data.
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