Teachers Advisors LLC grew its stake in shares of Sailpoint Technologies Holdings Inc (NYSE:SAIL) by 27.1% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 102,996 shares of the company’s stock after acquiring an additional 21,971 shares during the quarter. Teachers Advisors LLC owned about 0.12% of Sailpoint Technologies worth $3,504,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in SAIL. Harvest Fund Management Co. Ltd bought a new stake in shares of Sailpoint Technologies during the 3rd quarter worth $106,000. Engineers Gate Manager LP bought a new stake in shares of Sailpoint Technologies during the 3rd quarter worth $201,000. AMP Capital Investors Ltd bought a new stake in shares of Sailpoint Technologies during the 3rd quarter worth $213,000. California Public Employees Retirement System bought a new stake in shares of Sailpoint Technologies during the 2nd quarter worth $233,000. Finally, Great West Life Assurance Co. Can lifted its position in shares of Sailpoint Technologies by 145.6% during the 3rd quarter. Great West Life Assurance Co. Can now owns 7,926 shares of the company’s stock worth $270,000 after buying an additional 4,699 shares during the last quarter. Hedge funds and other institutional investors own 74.34% of the company’s stock.
Several analysts recently weighed in on SAIL shares. Monness Crespi & Hardt started coverage on Sailpoint Technologies in a research report on Wednesday, January 2nd. They set a “buy” rating and a $30.00 price objective for the company. Morgan Stanley set a $28.00 price objective on Sailpoint Technologies and gave the stock a “hold” rating in a research report on Friday, October 19th. Zacks Investment Research downgraded Sailpoint Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, December 4th. Finally, Goldman Sachs Group upgraded Sailpoint Technologies from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $32.00 to $33.00 in a research report on Monday, November 12th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $30.79.
In other Sailpoint Technologies news, CRO Howard R. Greenfield sold 25,000 shares of the company’s stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $30.01, for a total value of $750,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark D. Mcclain sold 33,000 shares of the stock in a transaction dated Monday, December 17th. The shares were sold at an average price of $22.72, for a total value of $749,760.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 219,581 shares of company stock valued at $5,741,738. Insiders own 4.70% of the company’s stock.
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Sailpoint Technologies Profile
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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