James Cameron Mcmartin Sells 14,000 Shares of Sailpoint Technologies Holdings Inc (SAIL) Stock

Sailpoint Technologies Holdings Inc (NYSE:SAIL) CFO James Cameron Mcmartin sold 14,000 shares of Sailpoint Technologies stock in a transaction on Monday, November 19th. The shares were sold at an average price of $24.82, for a total value of $347,480.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Thursday, October 18th, James Cameron Mcmartin sold 14,000 shares of Sailpoint Technologies stock. The shares were sold at an average price of $28.07, for a total value of $392,980.00.
  • On Tuesday, September 18th, James Cameron Mcmartin sold 14,000 shares of Sailpoint Technologies stock. The shares were sold at an average price of $31.83, for a total value of $445,620.00.

Sailpoint Technologies stock opened at $24.56 on Friday. The stock has a market cap of $2.16 billion and a price-to-earnings ratio of 614.00. Sailpoint Technologies Holdings Inc has a fifty-two week low of $13.65 and a fifty-two week high of $34.60.

Sailpoint Technologies (NYSE:SAIL) last posted its quarterly earnings results on Wednesday, November 7th. The company reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.14. The business had revenue of $66.42 million for the quarter, compared to the consensus estimate of $55.22 million. Sailpoint Technologies had a positive return on equity of 3.43% and a negative net margin of 2.59%. The company’s quarterly revenue was up 52.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.02) EPS. As a group, equities research analysts forecast that Sailpoint Technologies Holdings Inc will post 0.04 earnings per share for the current year.

SAIL has been the topic of several research analyst reports. Northland Securities initiated coverage on Sailpoint Technologies in a research note on Tuesday, September 11th. They set a “market perform” rating and a $34.00 target price on the stock. Zacks Investment Research upgraded Sailpoint Technologies from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Thursday, October 4th. Citigroup boosted their target price on Sailpoint Technologies from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, August 9th. Oppenheimer boosted their target price on Sailpoint Technologies from $28.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, August 9th. Finally, Royal Bank of Canada restated a “buy” rating and set a $33.00 target price on shares of Sailpoint Technologies in a research note on Friday, August 10th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Sailpoint Technologies presently has an average rating of “Buy” and a consensus target price of $31.23.

A number of institutional investors have recently bought and sold shares of the business. Harvest Fund Management Co. Ltd purchased a new stake in Sailpoint Technologies during the 3rd quarter valued at about $106,000. Millennium Management LLC grew its stake in Sailpoint Technologies by 2.3% during the 2nd quarter. Millennium Management LLC now owns 176,609 shares of the company’s stock valued at $4,334,000 after purchasing an additional 3,971 shares during the last quarter. Sullivan Bruyette Speros & Blaney LLC grew its stake in Sailpoint Technologies by 14.3% during the 3rd quarter. Sullivan Bruyette Speros & Blaney LLC now owns 33,334 shares of the company’s stock valued at $1,134,000 after purchasing an additional 4,167 shares during the last quarter. Great West Life Assurance Co. Can grew its stake in 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 valued at $270,000 after purchasing an additional 4,699 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in Sailpoint Technologies during the 2nd quarter valued at about $122,000. Institutional investors and hedge funds own 63.96% of the company’s stock.

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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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