Sailpoint Technologies Holdings Inc (SAIL) Holdings Trimmed by Sterling Capital Management LLC

Sterling Capital Management LLC lowered its holdings in shares of Sailpoint Technologies Holdings Inc (NYSE:SAIL) by 27.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,585 shares of the company’s stock after selling 26,057 shares during the period. Sterling Capital Management LLC’s holdings in Sailpoint Technologies were worth $2,333,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SAIL. Northern Trust Corp bought a new stake in shares of Sailpoint Technologies in the first quarter worth approximately $4,444,000. BlackRock Inc. grew its stake in shares of Sailpoint Technologies by 247.2% in the first quarter. BlackRock Inc. now owns 2,074,362 shares of the company’s stock worth $42,920,000 after acquiring an additional 1,476,871 shares during the period. The Manufacturers Life Insurance Company bought a new stake in shares of Sailpoint Technologies in the first quarter worth approximately $357,000. California State Teachers Retirement System bought a new stake in shares of Sailpoint Technologies in the first quarter worth approximately $637,000. Finally, Millennium Management LLC bought a new stake in shares of Sailpoint Technologies in the first quarter worth approximately $3,572,000. 51.77% of the stock is currently owned by hedge funds and other institutional investors.

In other Sailpoint Technologies news, CEO Mark D. Mcclain sold 93,000 shares of Sailpoint Technologies stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $28.31, for a total transaction of $2,632,830.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Mark D. Mcclain sold 33,000 shares of Sailpoint Technologies stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $27.04, for a total transaction of $892,320.00. The disclosure for this sale can be found here. Insiders have sold 16,331,500 shares of company stock worth $446,379,400 in the last ninety days. Insiders own 4.70% of the company’s stock.

Shares of NYSE:SAIL opened at $27.10 on Thursday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.03. Sailpoint Technologies Holdings Inc has a 1-year low of $12.82 and a 1-year high of $34.60. The company has a market cap of $2.22 billion and a price-to-earnings ratio of 677.50.

Sailpoint Technologies (NYSE:SAIL) last issued its quarterly earnings results on Wednesday, November 7th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.14. The firm had revenue of $66.42 million for the quarter, compared to analysts’ expectations of $55.22 million. During the same period in the prior year, the firm earned ($0.02) EPS. Sailpoint Technologies’s revenue for the quarter was up 52.5% compared to the same quarter last year. On average, equities research analysts predict that Sailpoint Technologies Holdings Inc will post -0.08 EPS for the current fiscal year.

A number of equities analysts recently issued reports on SAIL shares. Canaccord Genuity raised their price objective on shares of Sailpoint Technologies from $24.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, August 9th. Needham & Company LLC raised their price objective on shares of Sailpoint Technologies from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, August 9th. Zacks Investment Research raised shares of Sailpoint Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, July 11th. Oppenheimer raised their price objective on shares of Sailpoint Technologies from $28.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, August 9th. Finally, KeyCorp raised their price objective on shares of Sailpoint Technologies from $28.00 to $32.00 and gave the stock an “overweight” rating in a report on Thursday, August 9th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Sailpoint Technologies currently has a consensus rating of “Buy” and a consensus target price of $31.69.

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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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Institutional Ownership by Quarter for Sailpoint Technologies (NYSE:SAIL)

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