Insider Selling: Sailpoint Technologies Holdings Inc (SAIL) CFO Sells $536,719.02 in Stock

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Sailpoint Technologies Holdings Inc (NYSE:SAIL) CFO James Cameron Mcmartin sold 22,206 shares of the firm’s stock in a transaction that occurred on Monday, June 25th. The stock was sold at an average price of $24.17, for a total transaction of $536,719.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Thursday, June 7th, James Cameron Mcmartin sold 22,205 shares of Sailpoint Technologies stock. The stock was sold at an average price of $26.78, for a total transaction of $594,649.90.
  • On Tuesday, May 22nd, James Cameron Mcmartin sold 23,205 shares of Sailpoint Technologies stock. The stock was sold at an average price of $21.62, for a total transaction of $501,692.10.

SAIL stock opened at $24.18 on Thursday. Sailpoint Technologies Holdings Inc has a 12-month low of $12.82 and a 12-month high of $28.94. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.14 and a quick ratio of 2.14. The company has a market capitalization of $2.09 billion and a price-to-earnings ratio of 604.50.

Sailpoint Technologies (NYSE:SAIL) last released its earnings results on Wednesday, May 9th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.05. The company had revenue of $49.70 million during the quarter, compared to analysts’ expectations of $44.60 million. The company’s revenue for the quarter was up 40.0% on a year-over-year basis. research analysts expect that Sailpoint Technologies Holdings Inc will post -0.15 earnings per share for the current fiscal year.

SAIL has been the subject of a number of recent analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Sailpoint Technologies in a research note on Thursday, April 19th. KeyCorp raised their price objective on shares of Sailpoint Technologies from $22.00 to $26.00 and gave the stock an “overweight” rating in a research note on Monday, March 19th. Zacks Investment Research lowered shares of Sailpoint Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, March 24th. Needham & Company LLC raised their price objective on shares of Sailpoint Technologies from $25.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, April 24th. Finally, Piper Jaffray Companies began coverage on shares of Sailpoint Technologies in a research note on Wednesday, May 30th. They issued an “overweight” rating and a $28.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $24.82.

A number of hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its holdings in shares of Sailpoint Technologies by 7.0% during the 1st quarter. JPMorgan Chase & Co. now owns 3,323,801 shares of the company’s stock valued at $68,770,000 after purchasing an additional 216,453 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Sailpoint Technologies by 247.2% during the 1st quarter. BlackRock Inc. now owns 2,074,362 shares of the company’s stock valued at $42,920,000 after purchasing an additional 1,476,871 shares in the last quarter. Cortina Asset Management LLC bought a new position in shares of Sailpoint Technologies during the 4th quarter valued at $20,497,000. Thrivent Financial For Lutherans bought a new position in shares of Sailpoint Technologies during the 4th quarter valued at $20,272,000. Finally, Keenan Capital LLC bought a new position in shares of Sailpoint Technologies during the 4th quarter valued at $13,050,000. Institutional investors own 25.28% 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.

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

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