James Cameron Mcmartin Sells 60,000 Shares of Sailpoint Technologies Holdings Inc (NYSE:SAIL) Stock

Sailpoint Technologies Holdings Inc (NYSE:SAIL) COO James Cameron Mcmartin sold 60,000 shares of Sailpoint Technologies stock in a transaction on Monday, October 7th. The shares were sold at an average price of $18.52, for a total value of $1,111,200.00.

Shares of NYSE:SAIL traded up $0.40 during trading on Wednesday, hitting $19.18. The company’s stock had a trading volume of 14,775 shares, compared to its average volume of 1,286,888. Sailpoint Technologies Holdings Inc has a fifty-two week low of $16.63 and a fifty-two week high of $32.25. The stock’s 50-day moving average price is $20.99 and its two-hundred day moving average price is $22.12. The company has a market capitalization of $1.61 billion, a PE ratio of 119.88 and a beta of 2.02.

Sailpoint Technologies (NYSE:SAIL) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.01). Sailpoint Technologies had a positive return on equity of 1.99% and a negative net margin of 3.39%. The business had revenue of $63.05 million during the quarter, compared to analyst estimates of $60.43 million. During the same quarter last year, the firm posted $0.03 EPS. The company’s revenue was up 17.5% compared to the same quarter last year. Equities research analysts forecast that Sailpoint Technologies Holdings Inc will post -0.09 EPS for the current year.

Several large investors have recently added to or reduced their stakes in SAIL. HM Payson & Co. acquired a new position in shares of Sailpoint Technologies in the second quarter worth about $25,000. Manchester Financial Inc. acquired a new position in shares of Sailpoint Technologies in the second quarter worth about $27,000. Aperio Group LLC acquired a new position in shares of Sailpoint Technologies in the second quarter worth about $41,000. Optimum Investment Advisors lifted its stake in shares of Sailpoint Technologies by 17.8% in the second quarter. Optimum Investment Advisors now owns 5,950 shares of the company’s stock worth $119,000 after acquiring an additional 900 shares in the last quarter. Finally, Bank of Montreal Can acquired a new position in shares of Sailpoint Technologies in the second quarter worth about $146,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

A number of research firms have issued reports on SAIL. Piper Jaffray Companies set a $27.00 price target on Sailpoint Technologies and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Royal Bank of Canada reissued a “buy” rating on shares of Sailpoint Technologies in a research report on Thursday, August 8th. Northland Securities reissued a “hold” rating and set a $23.00 price target on shares of Sailpoint Technologies in a research report on Wednesday, June 12th. SunTrust Banks began coverage on Sailpoint Technologies in a research report on Wednesday, October 2nd. They set a “buy” rating and a $25.00 price target for the company. Finally, Zacks Investment Research downgraded Sailpoint Technologies from a “buy” rating to a “hold” rating in a research report on Friday, October 4th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Sailpoint Technologies has an average rating of “Buy” and a consensus target price of $26.71.

Sailpoint Technologies Company 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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