Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Sailpoint Technologies Holdings Inc (NYSE:SAIL) by 22.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,028 shares of the company’s stock after purchasing an additional 7,632 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Sailpoint Technologies were worth $624,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Point72 Hong Kong Ltd acquired a new stake in shares of Sailpoint Technologies in the 4th quarter valued at about $35,000. Tower Research Capital LLC TRC raised its stake in shares of Sailpoint Technologies by 210.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,110 shares of the company’s stock valued at $50,000 after purchasing an additional 1,430 shares in the last quarter. Engrave Wealth Partners LLC acquired a new stake in shares of Sailpoint Technologies in the 4th quarter valued at about $56,000. Marshall Wace LLP acquired a new stake in shares of Sailpoint Technologies in the 4th quarter valued at about $75,000. Finally, Great West Life Assurance Co. Can acquired a new stake in shares of Sailpoint Technologies in the 4th quarter valued at about $122,000. Institutional investors and hedge funds own 94.99% of the company’s stock.

NYSE SAIL opened at $22.38 on Friday. Sailpoint Technologies Holdings Inc has a 52 week low of $11.61 and a 52 week high of $27.05. The company has a current ratio of 3.79, a quick ratio of 3.79 and a debt-to-equity ratio of 0.72. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of -248.64 and a beta of 2.05. The company has a 50-day moving average price of $17.82 and a two-hundred day moving average price of $21.84.

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

A number of equities research analysts have recently issued reports on SAIL shares. Morgan Stanley upped their target price on shares of Sailpoint Technologies from $18.00 to $21.00 and gave the company an “equal weight” rating in a research note on Wednesday. Goldman Sachs Group assumed coverage on shares of Sailpoint Technologies in a research note on Tuesday, March 24th. They set a “sell” rating and a $15.00 price objective on the stock. DA Davidson increased their price objective on shares of Sailpoint Technologies from $18.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Royal Bank of Canada reiterated a “buy” rating and set a $25.00 price objective on shares of Sailpoint Technologies in a research note on Wednesday, April 8th. Finally, SunTrust Banks dropped their price objective on shares of Sailpoint Technologies from $32.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. Sailpoint Technologies has a consensus rating of “Hold” and an average target price of $23.65.

In other news, CEO Mark D. Mcclain sold 20,000 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $20.29, for a total value of $405,800.00. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Cameron Mcmartin sold 15,000 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $19.80, for a total transaction of $297,000.00. Following the completion of the transaction, 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. In the last 90 days, insiders sold 71,500 shares of company stock valued at $1,353,000. 3.40% of the stock is owned by insiders.

Sailpoint Technologies 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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