Insider Selling: Sailpoint Technologies Holdings Inc (NYSE:SAIL) Director Sells $423,600.00 in Stock

Sailpoint Technologies Holdings Inc (NYSE:SAIL) Director James Cameron Mcmartin sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $28.24, for a total value of $423,600.00. Following the completion of the sale, the director now owns 91,197 shares of the company’s stock, valued at $2,575,403.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Monday, June 8th, James Cameron Mcmartin sold 15,000 shares of Sailpoint Technologies stock. The shares were sold at an average price of $23.74, for a total transaction of $356,100.00.
  • On Tuesday, April 28th, James Cameron Mcmartin sold 600 shares of Sailpoint Technologies stock. The stock was sold at an average price of $18.00, for a total transaction of $10,800.00.

Shares of NYSE:SAIL opened at $28.72 on Friday. Sailpoint Technologies Holdings Inc has a 52-week low of $11.61 and a 52-week high of $29.33. The stock has a market cap of $2.57 billion, a P/E ratio of -319.08 and a beta of 2.13. The business has a fifty day moving average of $24.74 and a two-hundred day moving average of $22.14. The company has a quick ratio of 3.79, a current ratio of 3.79 and a debt-to-equity ratio of 0.72.

Sailpoint Technologies (NYSE:SAIL) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.07. Sailpoint Technologies had a positive return on equity of 1.87% and a negative net margin of 2.81%. The business had revenue of $75.44 million for the quarter, compared to analyst estimates of $69.18 million. The company’s quarterly revenue was up 24.5% on a year-over-year basis. On average, equities analysts anticipate that Sailpoint Technologies Holdings Inc will post -0.11 earnings per share for the current year.

Several equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Sailpoint Technologies from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Wednesday, May 13th. Royal Bank of Canada raised their target price on Sailpoint Technologies from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Berenberg Bank began coverage on Sailpoint Technologies in a research report on Thursday, June 25th. They set a “buy” rating for the company. SunTrust Banks increased their price objective on Sailpoint Technologies from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Finally, Goldman Sachs Group raised shares of Sailpoint Technologies from a “sell” rating to a “buy” rating and lifted their target price for the stock from $17.00 to $31.00 in a research note on Wednesday, July 1st. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $26.13.

A number of large investors have recently bought and sold shares of the business. Raymond James & Associates increased its stake in Sailpoint Technologies by 1.7% during the fourth quarter. Raymond James & Associates now owns 25,690 shares of the company’s stock worth $606,000 after acquiring an additional 418 shares during the last quarter. Amalgamated Bank grew its holdings in shares of Sailpoint Technologies by 3.6% during the 4th quarter. Amalgamated Bank now owns 15,752 shares of the company’s stock worth $372,000 after purchasing an additional 548 shares during the period. State Board of Administration of Florida Retirement System grew its holdings in shares of Sailpoint Technologies by 2.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 25,769 shares of the company’s stock worth $392,000 after purchasing an additional 670 shares during the period. Victory Capital Management Inc. raised its holdings in Sailpoint Technologies by 4.8% in the 4th quarter. Victory Capital Management Inc. now owns 15,567 shares of the company’s stock valued at $367,000 after buying an additional 717 shares during the period. Finally, Alliancebernstein L.P. raised its holdings in Sailpoint Technologies by 0.8% in the 1st quarter. Alliancebernstein L.P. now owns 115,804 shares of the company’s stock valued at $1,763,000 after buying an additional 930 shares during the period. Institutional investors own 98.38% of the company’s stock.

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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