SailPoint Technologies Holdings, Inc. (NYSE:SAIL) Insider Matt Mills Sells 6,231 Shares

SailPoint Technologies Holdings, Inc. (NYSE:SAIL) insider Matt Mills sold 6,231 shares of the stock in a transaction on Monday, January 10th. The shares were sold at an average price of $43.02, for a total transaction of $268,057.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of SailPoint Technologies stock opened at $42.48 on Friday. SailPoint Technologies Holdings, Inc. has a 1 year low of $39.00 and a 1 year high of $64.19. The firm’s 50-day moving average is $49.61 and its two-hundred day moving average is $48.13. The stock has a market cap of $3.96 billion, a price-to-earnings ratio of -69.64 and a beta of 1.79.

SailPoint Technologies (NYSE:SAIL) last issued its earnings results on Tuesday, November 9th. The company reported ($0.12) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.12). SailPoint Technologies had a negative net margin of 13.93% and a negative return on equity of 7.29%. The company had revenue of $110.11 million for the quarter, compared to analysts’ expectations of $103.45 million. During the same period in the prior year, the business earned $0.02 EPS. Research analysts predict that SailPoint Technologies Holdings, Inc. will post -0.4 earnings per share for the current year.

Several brokerages have recently weighed in on SAIL. Jefferies Financial Group increased their target price on shares of SailPoint Technologies from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, January 6th. increased their target price on shares of SailPoint Technologies from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, November 10th. Piper Sandler cut their price target on shares of SailPoint Technologies from $70.00 to $55.00 in a report on Thursday, January 6th. Royal Bank of Canada upped their price target on shares of SailPoint Technologies from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, November 10th. Finally, Wells Fargo & Company upped their price target on shares of SailPoint Technologies from $54.00 to $67.00 and gave the stock an “overweight” rating in a report on Wednesday, November 10th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, SailPoint Technologies presently has an average rating of “Buy” and an average target price of $66.46.

Several hedge funds have recently added to or reduced their stakes in SAIL. Macquarie Group Ltd. lifted its position in shares of SailPoint Technologies by 1,099.9% during the second quarter. Macquarie Group Ltd. now owns 713,559 shares of the company’s stock valued at $36,441,000 after buying an additional 654,090 shares during the last quarter. Jefferies Group LLC lifted its position in shares of SailPoint Technologies by 597.4% during the second quarter. Jefferies Group LLC now owns 684,298 shares of the company’s stock valued at $34,947,000 after buying an additional 586,178 shares during the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in shares of SailPoint Technologies during the second quarter valued at about $19,250,000. RGM Capital LLC lifted its position in shares of SailPoint Technologies by 23.6% during the second quarter. RGM Capital LLC now owns 1,814,174 shares of the company’s stock valued at $92,650,000 after buying an additional 345,956 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in shares of SailPoint Technologies by 90.5% during the second quarter. Deutsche Bank AG now owns 532,621 shares of the company’s stock valued at $27,201,000 after buying an additional 253,008 shares during the last quarter.

SailPoint Technologies Company Profile

SailPoint Technologies Holdings, Inc engages in the provision of enterprise identity governance solutions. It operates through the following geographical segments: United States; EMAE or Europe, the Middle East, and Africa; and Rest of the World. It also offers licensing of software, sale of professional services, maintenance, and technical support.

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Insider Buying and Selling by Quarter for SailPoint Technologies (NYSE:SAIL)

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