Insider Selling: Sailpoint Technologies Holdings Inc (SAIL) CRO Sells $1,621,500.00 in Stock
Sailpoint Technologies Holdings Inc (NYSE:SAIL) CRO Howard R. Greenfield sold 50,000 shares of the firm’s stock in a transaction dated Friday, September 21st. The shares were sold at an average price of $32.43, for a total value of $1,621,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of NYSE SAIL opened at $33.42 on Thursday. Sailpoint Technologies Holdings Inc has a 1 year low of $12.82 and a 1 year high of $34.60. The stock has a market cap of $2.90 billion and a PE ratio of 844.50. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.47 and a current ratio of 1.47.
Sailpoint Technologies (NYSE:SAIL) last announced its earnings results on Wednesday, August 8th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.05. The business had revenue of $54.60 million for the quarter, compared to analysts’ expectations of $50.02 million. The firm’s revenue for the quarter was up 38.9% compared to the same quarter last year. equities research analysts anticipate that Sailpoint Technologies Holdings Inc will post -0.08 earnings per share for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in SAIL. Cubist Systematic Strategies LLC purchased a new stake in shares of Sailpoint Technologies during the second quarter worth about $122,000. Citigroup Inc. bought a new stake in Sailpoint Technologies in the first quarter valued at about $158,000. C M Bidwell & Associates Ltd. bought a new stake in Sailpoint Technologies in the first quarter valued at about $182,000. California Public Employees Retirement System bought a new stake in Sailpoint Technologies in the second quarter valued at about $233,000. Finally, Quadrature Capital Ltd bought a new stake in Sailpoint Technologies in the first quarter valued at about $237,000. 50.61% of the stock is currently owned by institutional investors and hedge funds.
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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