William G. Bock Sells 4,000 Shares of Sailpoint Technologies Holdings Inc (SAIL) Stock

Sailpoint Technologies Holdings Inc (NYSE:SAIL) Director William G. Bock sold 4,000 shares of the firm’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $32.00, for a total transaction of $128,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

SAIL stock opened at $30.59 on Thursday. Sailpoint Technologies Holdings Inc has a 52 week low of $17.16 and a 52 week high of $34.60. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 224.86 and a beta of 1.78.

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A number of hedge funds have recently added to or reduced their stakes in the business. Los Angeles Capital Management & Equity Research Inc. lifted its position in Sailpoint Technologies by 1.2% during the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 81,073 shares of the company’s stock valued at $1,904,000 after purchasing an additional 970 shares during the last quarter. Brinker Capital Inc. lifted its position in Sailpoint Technologies by 10.1% during the fourth quarter. Brinker Capital Inc. now owns 23,311 shares of the company’s stock valued at $548,000 after purchasing an additional 2,129 shares during the last quarter. Quantamental Technologies LLC bought a new position in Sailpoint Technologies during the fourth quarter valued at $68,000. Harvest Fund Management Co. Ltd bought a new position in Sailpoint Technologies during the third quarter valued at $106,000. Finally, GSA Capital Partners LLP lifted its position in Sailpoint Technologies by 9.9% during the fourth quarter. GSA Capital Partners LLP now owns 37,595 shares of the company’s stock valued at $883,000 after purchasing an additional 3,395 shares during the last quarter. Institutional investors and hedge funds own 78.88% of the company’s stock.

SAIL has been the subject of several research analyst reports. Zacks Investment Research raised shares of Sailpoint Technologies from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Friday, December 14th. Goldman Sachs Group raised shares of Sailpoint Technologies from a “neutral” rating to a “buy” rating and raised their target price for the company from $32.00 to $33.00 in a research note on Monday, November 12th. Finally, Monness Crespi & Hardt initiated coverage on shares of Sailpoint Technologies in a research note on Wednesday, January 2nd. They set a “buy” rating and a $30.00 target price for the company. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $31.29.

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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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