AE Wealth Management LLC acquired a new stake in Sailpoint Technologies Holdings Inc (NYSE:SAIL) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 25,249 shares of the company’s stock, valued at approximately $384,000.

A number of other institutional investors have also made changes to their positions in the business. BlackRock Inc. grew its position in Sailpoint Technologies by 0.8% in the 1st quarter. BlackRock Inc. now owns 6,322,492 shares of the company’s stock valued at $96,228,000 after acquiring an additional 48,139 shares during the last quarter. Champlain Investment Partners LLC grew its position in Sailpoint Technologies by 79.9% in the 4th quarter. Champlain Investment Partners LLC now owns 3,623,675 shares of the company’s stock valued at $85,519,000 after acquiring an additional 1,609,955 shares during the last quarter. Jackson Square Partners LLC grew its position in Sailpoint Technologies by 7.2% in the 4th quarter. Jackson Square Partners LLC now owns 3,601,217 shares of the company’s stock valued at $84,988,000 after acquiring an additional 241,648 shares during the last quarter. Janus Henderson Group PLC grew its position in Sailpoint Technologies by 2.3% in the 4th quarter. Janus Henderson Group PLC now owns 3,000,550 shares of the company’s stock valued at $70,813,000 after acquiring an additional 67,827 shares during the last quarter. Finally, Eagle Asset Management Inc. grew its position in Sailpoint Technologies by 0.5% in the 4th quarter. Eagle Asset Management Inc. now owns 2,027,860 shares of the company’s stock valued at $47,857,000 after acquiring an additional 9,681 shares during the last quarter. 94.99% of the stock is currently owned by institutional investors.

Shares of NYSE SAIL opened at $22.38 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 3.79 and a quick ratio of 3.79. The stock has a market capitalization of $2.02 billion, a P/E ratio of 248.67 and a beta of 2.05. Sailpoint Technologies Holdings Inc has a 1-year low of $11.61 and a 1-year high of $27.05. The business has a fifty day moving average price of $17.82 and a 200 day moving average price of $21.84.

Sailpoint Technologies (NYSE:SAIL) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.07. The firm had revenue of $75.44 million during the quarter, compared to analysts’ expectations of $69.18 million. Sailpoint Technologies had a positive return on equity of 1.87% and a negative net margin of 2.81%. Sailpoint Technologies’s revenue for the quarter was up 24.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Sailpoint Technologies Holdings Inc will post -0.14 earnings per share for the current fiscal year.

In other Sailpoint Technologies news, CEO Mark D. Mcclain sold 20,000 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $20.29, for a total value of $405,800.00. Following the completion of the sale, the chief executive officer now directly owns 1,348,898 shares in the company, valued at $27,369,140.42. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director James Cameron Mcmartin sold 15,000 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $19.80, for a total value of $297,000.00. Following the completion of the sale, the director now owns 183,577 shares of the company’s stock, valued at $3,634,824.60. The disclosure for this sale can be found here. Insiders have sold a total of 71,500 shares of company stock valued at $1,353,000 over the last 90 days. 3.40% of the stock is currently owned by company insiders.

Several equities analysts have commented on the company. Wedbush reaffirmed a “buy” rating and issued a $32.00 price objective on shares of Sailpoint Technologies in a research report on Tuesday, February 25th. Royal Bank of Canada reissued a “buy” rating and set a $25.00 price target on shares of Sailpoint Technologies in a research report on Wednesday, April 8th. Zacks Investment Research raised Sailpoint Technologies from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Wednesday, May 13th. Goldman Sachs Group assumed coverage on Sailpoint Technologies in a research report on Tuesday, March 24th. They set a “sell” rating and a $15.00 price target on the stock. Finally, Jefferies Financial Group increased their price target on Sailpoint Technologies from $21.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $23.65.

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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