Insider Selling: Sailpoint Technologies Holdings Inc (NYSE:SAIL) COO Sells 1,800 Shares of Stock

Sailpoint Technologies Holdings Inc (NYSE:SAIL) COO James Cameron Mcmartin sold 1,800 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $41.19, for a total transaction of $74,142.00.

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

  • On Monday, October 7th, James Cameron Mcmartin sold 60,000 shares of Sailpoint Technologies stock. The stock was sold at an average price of $18.52, for a total transaction of $1,111,200.00.

Shares of NYSE:SAIL traded up $1.00 during midday trading on Friday, reaching $22.99. The company had a trading volume of 2,018,753 shares, compared to its average volume of 1,290,271. The stock’s fifty day moving average price is $19.25 and its 200-day moving average price is $20.73. The stock has a market capitalization of $1.79 billion, a P/E ratio of 143.69 and a beta of 2.01. Sailpoint Technologies Holdings Inc has a one year low of $16.63 and a one year high of $32.25.

Sailpoint Technologies (NYSE:SAIL) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.11. The business had revenue of $75.88 million during the quarter, compared to analyst estimates of $70.50 million. Sailpoint Technologies had a negative net margin of 3.39% and a positive return on equity of 1.99%. The business’s revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.12 earnings per share. As a group, equities analysts anticipate that Sailpoint Technologies Holdings Inc will post -0.09 earnings per share for the current year.

A number of brokerages have weighed in on SAIL. Wedbush began coverage on shares of Sailpoint Technologies in a research report on Thursday. They set an “outperform” rating and a $32.00 price target on the stock. Rosenblatt Securities reiterated a “hold” rating and set a $23.00 price objective on shares of Sailpoint Technologies in a research note on Thursday. Royal Bank of Canada reiterated a “buy” rating on shares of Sailpoint Technologies in a research note on Thursday, August 8th. Jefferies Financial Group lifted their price objective on shares of Sailpoint Technologies from $26.00 to $28.00 and gave the company an “in-line” rating in a research note on Thursday. Finally, Zacks Investment Research lowered shares of Sailpoint Technologies from a “buy” rating to a “hold” rating in a research note on Friday, October 4th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $27.40.

Several large investors have recently modified their holdings of SAIL. Sarasin & Partners LLP bought a new stake in shares of Sailpoint Technologies in the second quarter worth $4,669,000. Manchester Financial Inc. bought a new stake in shares of Sailpoint Technologies in the second quarter worth $27,000. FNY Investment Advisers LLC increased its stake in shares of Sailpoint Technologies by 123,709.5% in the second quarter. FNY Investment Advisers LLC now owns 26,000 shares of the company’s stock worth $521,000 after buying an additional 25,979 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Sailpoint Technologies by 93.3% in the second quarter. SG Americas Securities LLC now owns 7,850 shares of the company’s stock worth $157,000 after buying an additional 3,790 shares during the last quarter. Finally, Optimum Investment Advisors increased 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 buying an additional 900 shares during the last quarter. Institutional investors and hedge funds own 92.59% 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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Insider Buying and Selling by Quarter for Sailpoint Technologies (NYSE:SAIL)

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