Key Points
- SailPoint CAO Mitra Rezvan sold 7,487 shares on June 1 at an average price of $20.00, totaling $149,740. The sale was made under a pre-arranged Rule 10b5-1 plan.
- After the transaction, Rezvan still directly owned 189,476 shares valued at about $3.79 million, representing a 3.8% reduction in the position. She also made several smaller sales in early April at much lower prices.
- SailPoint stock was trading near $19.84, above both its 50-day and 200-day moving averages. Analysts currently rate the stock a Moderate Buy with an average price target of $21.29.
SailPoint, Inc. (NASDAQ:SAIL - Get Free Report) CAO Mitra Rezvan sold 7,487 shares of the firm's stock in a transaction on Monday, June 1st. The shares were sold at an average price of $20.00, for a total transaction of $149,740.00. Following the transaction, the chief accounting officer directly owned 189,476 shares of the company's stock, valued at $3,789,520. The trade was a 3.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Mitra Rezvan also recently made the following trade(s):
- On Thursday, April 9th, Mitra Rezvan sold 3,472 shares of SailPoint stock. The shares were sold at an average price of $11.46, for a total transaction of $39,789.12.
- On Wednesday, April 8th, Mitra Rezvan sold 1,681 shares of SailPoint stock. The shares were sold at an average price of $12.80, for a total value of $21,516.80.
- On Tuesday, April 7th, Mitra Rezvan sold 1,683 shares of SailPoint stock. The shares were sold at an average price of $12.72, for a total value of $21,407.76.
SailPoint Price Performance
Shares of SAIL stock opened at $19.84 on Wednesday. The business's 50 day simple moving average is $12.98 and its 200 day simple moving average is $16.01. SailPoint, Inc. has a one year low of $10.30 and a one year high of $24.95. The stock has a market capitalization of $11.25 billion, a PE ratio of -35.43 and a beta of 2.02.
SailPoint (NASDAQ:SAIL - Get Free Report) last announced its earnings results on Wednesday, March 18th. The company reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. SailPoint had a positive return on equity of 1.95% and a negative net margin of 25.20%.The business had revenue of $294.65 million for the quarter. During the same quarter in the previous year, the company earned ($4.29) earnings per share. The business's revenue was up 22.9% on a year-over-year basis. As a group, research analysts expect that SailPoint, Inc. will post 0.32 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. Cantor Fitzgerald reissued an "overweight" rating on shares of SailPoint in a research note on Monday. FBN Securities assumed coverage on shares of SailPoint in a research note on Tuesday, February 24th. They set an "outperform" rating and a $18.00 target price for the company. TD Cowen lowered their target price on shares of SailPoint from $30.00 to $25.00 and set a "buy" rating for the company in a research note on Tuesday, February 24th. Wells Fargo & Company lifted their target price on shares of SailPoint from $16.00 to $17.00 and gave the stock an "overweight" rating in a research note on Thursday, May 21st. Finally, Robert W. Baird lowered their target price on shares of SailPoint from $26.00 to $22.00 and set an "outperform" rating for the company in a research note on Thursday, March 19th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $21.29.
View Our Latest Analysis on SailPoint
Institutional Investors Weigh In On SailPoint
A number of large investors have recently bought and sold shares of SAIL. Norges Bank acquired a new stake in SailPoint in the fourth quarter worth $234,681,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in SailPoint in the second quarter worth $64,453,000. UBS Group AG grew its holdings in SailPoint by 116.3% in the third quarter. UBS Group AG now owns 4,128,038 shares of the company's stock worth $91,147,000 after purchasing an additional 2,219,593 shares during the period. Artisan Partners Limited Partnership acquired a new stake in SailPoint in the fourth quarter worth $35,203,000. Finally, NZS Capital LLC grew its holdings in SailPoint by 186.6% in the third quarter. NZS Capital LLC now owns 1,747,161 shares of the company's stock worth $38,577,000 after purchasing an additional 1,137,643 shares during the period.
About SailPoint
(
Get Free Report)
SailPoint Technologies Holdings, Inc (NASDAQ: SAIL) is a leading provider of enterprise identity governance solutions that enable organizations to manage and secure user access across on-premises, cloud and hybrid IT environments. Its software automates identity lifecycle management, access certifications, policy enforcement and privileged account governance, helping enterprises reduce security risks, maintain regulatory compliance and streamline IT operations. The company's flagship offerings include IdentityIQ, a comprehensive on-premises platform, and IdentityNow, a cloud-native identity governance-as-a-service solution.
Founded in 2005 by industry veterans Mark McClain and Kevin Cunningham, SailPoint is headquartered in Austin, Texas.
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