Insider Selling: Sailpoint Technologies Holdings Inc (SAIL) CEO Sells 33,000 Shares of Stock

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Sailpoint Technologies Holdings Inc (NYSE:SAIL) CEO Mark D. Mcclain sold 33,000 shares of the business’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $31.72, for a total transaction of $1,046,760.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

SAIL stock opened at $31.48 on Wednesday. The firm has a market capitalization of $2.78 billion, a PE ratio of 787.00 and a beta of 1.78. Sailpoint Technologies Holdings Inc has a 12 month low of $16.34 and a 12 month high of $34.60.

Hedge funds have recently added to or reduced their stakes in the company. Quantamental Technologies LLC purchased a new stake in Sailpoint Technologies during the fourth quarter worth $68,000. Harvest Fund Management Co. Ltd purchased a new stake in Sailpoint Technologies during the third quarter worth $106,000. Meeder Asset Management Inc. purchased a new stake in Sailpoint Technologies during the fourth quarter worth $88,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Sailpoint Technologies during the fourth quarter worth $103,000. Finally, Rehmann Capital Advisory Group purchased a new stake in Sailpoint Technologies during the fourth quarter worth $128,000. 74.34% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have weighed in on the stock. Zacks Investment Research raised shares of Sailpoint Technologies from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Wednesday, December 5th. Goldman Sachs Group raised shares of Sailpoint Technologies from a “neutral” rating to a “buy” rating and upped their price objective for the company from $32.00 to $33.00 in a report on Monday, November 12th. Finally, Monness Crespi & Hardt started coverage on shares of Sailpoint Technologies in a report on Wednesday, January 2nd. They issued a “buy” rating and a $30.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average 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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Insider Buying and Selling by Quarter for Sailpoint Technologies (NYSE:SAIL)

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