GAM Holding AG decreased its holdings in shares of Sailpoint Technologies Holdings Inc (NYSE:SAIL) by 48.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 91,259 shares of the company’s stock after selling 85,233 shares during the period. GAM Holding AG owned approximately 0.10% of Sailpoint Technologies worth $2,621,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Quantamental Technologies LLC purchased a new position in Sailpoint Technologies during the fourth quarter worth about $68,000. Optimum Investment Advisors raised its holdings in Sailpoint Technologies by 18.8% during the first quarter. Optimum Investment Advisors now owns 5,050 shares of the company’s stock worth $145,000 after purchasing an additional 800 shares in the last quarter. Rehmann Capital Advisory Group purchased a new position in Sailpoint Technologies during the fourth quarter worth about $128,000. Van Hulzen Asset Management LLC purchased a new position in Sailpoint Technologies during the first quarter worth about $225,000. Finally, Venturi Wealth Management LLC purchased a new position in Sailpoint Technologies during the fourth quarter worth about $230,000. Institutional investors and hedge funds own 85.99% of the company’s stock.
SAIL has been the subject of several analyst reports. Zacks Investment Research raised shares of Sailpoint Technologies from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a report on Thursday, March 7th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $35.00 target price on shares of Sailpoint Technologies in a report on Wednesday, March 6th. KeyCorp dropped their target price on shares of Sailpoint Technologies from $35.00 to $28.00 and set an “in-line” rating for the company in a report on Thursday, May 9th. Monness Crespi & Hardt cut shares of Sailpoint Technologies from a “buy” rating to a “neutral” rating in a report on Thursday, May 9th. Finally, Northland Securities reaffirmed a “hold” rating and issued a $23.00 target price on shares of Sailpoint Technologies in a report on Wednesday, June 12th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Sailpoint Technologies presently has a consensus rating of “Buy” and an average price target of $28.93.
Shares of SAIL traded up $0.23 during mid-day trading on Friday, reaching $20.04. 4,084,990 shares of the company’s stock were exchanged, compared to its average volume of 1,275,675. The stock’s 50-day simple moving average is $18.67. Sailpoint Technologies Holdings Inc has a 52-week low of $16.63 and a 52-week high of $34.60. The company has a market cap of $1.76 billion, a P/E ratio of 125.25 and a beta of 2.17.
Sailpoint Technologies (NYSE:SAIL) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.06) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.01. Sailpoint Technologies had a negative net margin of 2.14% and a positive return on equity of 3.26%. The business had revenue of $60.58 million during the quarter, compared to analysts’ expectations of $60.26 million. As a group, research analysts anticipate that Sailpoint Technologies Holdings Inc will post -0.07 EPS for the current fiscal year.
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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