Swiss National Bank purchased a new stake in Sailpoint Technologies Holdings Inc (NYSE:SAIL) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 83,500 shares of the company’s stock, valued at approximately $2,049,000. Swiss National Bank owned about 0.10% of Sailpoint Technologies as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of SAIL. Citigroup Inc. bought a new position in Sailpoint Technologies in the first quarter valued at about $158,000. C M Bidwell & Associates Ltd. acquired a new position in Sailpoint Technologies in the first quarter valued at about $182,000. Quadrature Capital Ltd acquired a new position in Sailpoint Technologies in the first quarter valued at about $237,000. Sheets Smith Wealth Management acquired a new position in Sailpoint Technologies in the second quarter valued at about $237,000. Finally, Teacher Retirement System of Texas acquired a new position in Sailpoint Technologies in the second quarter valued at about $239,000. Institutional investors and hedge funds own 50.61% of the company’s stock.
Several equities analysts have weighed in on the company. Northland Securities began coverage on Sailpoint Technologies in a research note on Tuesday, September 11th. They issued a “market perform” rating and a $34.00 target price on the stock. Zacks Investment Research raised Sailpoint Technologies from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Thursday. Citigroup raised their price target on Sailpoint Technologies from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, August 9th. Oppenheimer increased their price objective on Sailpoint Technologies from $28.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, August 9th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $33.00 price objective on shares of Sailpoint Technologies in a report on Friday, August 10th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $30.77.
Shares of NYSE:SAIL traded down $0.12 during mid-day trading on Friday, reaching $30.16. 1,070,164 shares of the stock were exchanged, compared to its average volume of 950,301. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market cap of $2.98 billion and a PE ratio of 754.00. Sailpoint Technologies Holdings Inc has a one year low of $12.82 and a one year high of $34.60.
Sailpoint Technologies (NYSE:SAIL) last posted its quarterly earnings results on Wednesday, August 8th. The company reported $0.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.05. The company had revenue of $54.60 million during the quarter, compared to the consensus estimate of $50.02 million. The business’s revenue for the quarter was up 38.9% compared to the same quarter last year. On average, research analysts predict that Sailpoint Technologies Holdings Inc will post -0.08 earnings per share for the current fiscal year.
In related news, CRO Howard R. Greenfield sold 50,000 shares of Sailpoint Technologies stock in a transaction that occurred on Friday, September 21st. The stock was sold at an average price of $32.43, for a total transaction of $1,621,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Thoma Bravo, Llc sold 15,812,500 shares of the business’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $27.26, for a total value of $431,048,750.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,411,500 shares of company stock valued at $448,679,830. Corporate insiders own 4.70% of the company’s stock.
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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