Panagora Asset Management Inc. bought a new position in shares of Sailpoint Technologies Holdings Inc (NYSE:SAIL) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 134,781 shares of the company’s stock, valued at approximately $4,585,000. Panagora Asset Management Inc. owned approximately 0.15% of Sailpoint Technologies as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in Sailpoint Technologies by 15.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,960,015 shares of the company’s stock worth $236,780,000 after acquiring an additional 935,714 shares during the last quarter. Alliancebernstein L.P. boosted its position in Sailpoint Technologies by 41.9% during the 3rd quarter. Alliancebernstein L.P. now owns 5,978,211 shares of the company’s stock worth $203,379,000 after acquiring an additional 1,766,639 shares during the last quarter. BlackRock Inc. boosted its position in Sailpoint Technologies by 41.5% during the 3rd quarter. BlackRock Inc. now owns 4,968,760 shares of the company’s stock worth $169,037,000 after acquiring an additional 1,457,473 shares during the last quarter. Janus Henderson Group PLC boosted its position in Sailpoint Technologies by 127.8% during the 3rd quarter. Janus Henderson Group PLC now owns 2,424,898 shares of the company’s stock worth $82,495,000 after acquiring an additional 1,360,528 shares during the last quarter. Finally, FMR LLC boosted its position in Sailpoint Technologies by 19.3% during the 3rd quarter. FMR LLC now owns 2,278,731 shares of the company’s stock worth $77,521,000 after acquiring an additional 368,231 shares during the last quarter. 73.15% of the stock is owned by institutional investors and hedge funds.
In other Sailpoint Technologies news, CFO James Cameron Mcmartin sold 14,000 shares of the firm’s stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $31.83, for a total transaction of $445,620.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Mark D. Mcclain sold 93,000 shares of the firm’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of $31.82, for a total value of $2,959,260.00. The disclosure for this sale can be found here. In the last three months, insiders sold 287,981 shares of company stock valued at $8,539,526. 4.70% of the stock is currently owned by insiders.
SAIL has been the subject of a number of recent research reports. Morgan Stanley set a $28.00 price target on Sailpoint Technologies and gave the stock a “hold” rating in a research report on Friday, October 19th. Goldman Sachs Group assumed coverage on Sailpoint Technologies in a research report on Tuesday, August 21st. They set a “neutral” rating and a $32.00 price target for the company. Zacks Investment Research downgraded Sailpoint Technologies from a “buy” rating to a “hold” rating in a report on Saturday, October 6th. Northland Securities assumed coverage on Sailpoint Technologies in a report on Tuesday, September 11th. They issued a “market perform” rating and a $34.00 price objective for the company. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $33.00 price objective on shares of Sailpoint Technologies in a report on Friday, August 10th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $31.23.
NYSE SAIL opened at $23.95 on Friday. The company has a market capitalization of $2.25 billion and a PE ratio of 182.79. Sailpoint Technologies Holdings Inc has a 12 month low of $13.77 and a 12 month high of $34.60.
Sailpoint Technologies (NYSE:SAIL) last released its quarterly earnings data on Wednesday, November 7th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.14. The company had revenue of $66.42 million during the quarter, compared to the consensus estimate of $55.22 million. Sailpoint Technologies had a positive return on equity of 3.43% and a negative net margin of 2.59%. The firm’s revenue for the quarter was up 52.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.02) EPS. Analysts forecast that Sailpoint Technologies Holdings Inc will post 0.04 earnings per share for the current year.
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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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