Thomas Arthur Beck Sells 41,600 Shares of Sailpoint Technologies Holdings Inc (SAIL) Stock

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Sailpoint Technologies Holdings Inc (NYSE:SAIL) CAO Thomas Arthur Beck sold 41,600 shares of the business’s stock in a transaction dated Thursday, January 31st. The stock was sold at an average price of $28.12, for a total value of $1,169,792.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of NYSE:SAIL traded up $0.76 during trading on Thursday, hitting $28.55. The company’s stock had a trading volume of 1,141,400 shares, compared to its average volume of 703,119. Sailpoint Technologies Holdings Inc has a fifty-two week low of $14.86 and a fifty-two week high of $34.60. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 713.75 and a beta of 1.70.

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

A number of institutional investors have recently made changes to their positions in SAIL. BlackRock Inc. grew its holdings in shares of Sailpoint Technologies by 69.3% during the second quarter. BlackRock Inc. now owns 3,511,287 shares of the company’s stock valued at $86,166,000 after purchasing an additional 1,436,925 shares during the last quarter. Gilder Gagnon Howe & Co. LLC grew its holdings in Sailpoint Technologies by 5.6% in the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 940,615 shares of the company’s stock worth $32,000,000 after buying an additional 49,837 shares in the last quarter. MetLife Investment Advisors LLC bought a new position in Sailpoint Technologies in the 3rd quarter worth approximately $1,247,000. Renaissance Technologies LLC bought a new position in Sailpoint Technologies in the 3rd quarter worth approximately $16,595,000. Finally, Vanguard Group Inc grew its holdings in Sailpoint Technologies by 42.6% in the 3rd quarter. Vanguard Group Inc now owns 5,953,503 shares of the company’s stock worth $202,538,000 after buying an additional 1,778,907 shares in the last quarter. 73.13% of the stock is owned by hedge funds and other institutional investors.

SAIL has been the topic of a number of recent research reports. Zacks Investment Research upgraded Sailpoint Technologies from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Tuesday, December 25th. Morgan Stanley set a $28.00 price objective on Sailpoint Technologies and gave the stock a “hold” rating in a research note on Friday, October 19th. Monness Crespi & Hardt initiated coverage on Sailpoint Technologies in a research note on Wednesday, January 2nd. They set a “buy” rating and a $30.00 price objective on the stock. Finally, Goldman Sachs Group upgraded Sailpoint Technologies from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $32.00 to $33.00 in a research note on Monday, November 12th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Sailpoint Technologies currently has an average rating of “Buy” and a consensus target price of $30.79.

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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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