Signaturefd LLC acquires 734 shares of SailPoint Technologies Holdings, Inc. (NYSE: SAIL)

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Signaturefd LLC raised its stake in SailPoint Technologies Holdings, Inc. (NYSE: SAILGet a rating) by 71.7% during the first quarter, HoldingsChannel reports. The company held 1,757 shares of the company after purchasing an additional 734 shares during the period. Signaturefd LLC’s holdings in SailPoint Technologies were worth $90,000 when it last filed with the SEC.

Other institutional investors also changed their positions in the company. Emerald Advisers LLC increased its stake in SailPoint Technologies by 11.1% during the first quarter. Emerald Advisers LLC now owns 763,223 shares of the company valued at $39,062,000 after acquiring an additional 76,375 shares during the period. Nisa Investment Advisors LLC increased its stake in SailPoint Technologies by 27.0% during the first quarter. Nisa Investment Advisors LLC now owns 4,040 shares of the company valued at $207,000 after acquiring an additional 860 shares during the period. Davy Global Fund Management Ltd increased its stake in SailPoint Technologies by 25.1% during the first quarter. Davy Global Fund Management Ltd now owns 90,603 shares of the company valued at $4,637,000 after acquiring an additional 18,171 shares during the period. Keybank National Association OH bought a new position in SailPoint Technologies during the first quarter worth approximately $226,000. Finally, Parallel Advisors LLC increased its stake in SailPoint Technologies by 199.2% during the first quarter. Parallel Advisors LLC now owns 1,134 shares of the company valued at $57,000 after acquiring an additional 755 shares during the period.

SailPoint Technologies Price Performance

Shares of NAVIGATE opened at $63.64 on Thursday. The company has a market capitalization of $6.00 billion, a P/E ratio of -75.76 and a beta of 1.49. SailPoint Technologies Holdings, Inc. has a one-year low of $34.98 and a one-year high of $64.46. The company’s 50-day simple moving average is $62.75 and its 200-day simple moving average is $53.95.

SailPoint Technologies (NYSE: SAILGet a rating) last released its quarterly earnings data on Thursday, May 5. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.03). SailPoint Technologies posted a negative return on equity of 13.41% and a negative net margin of 17.13%. The company posted revenue of $115.40 million for the quarter, versus analyst estimates of $111.84 million. During the same period of the previous year, the company posted an EPS of ($0.12). The company’s quarterly revenue increased by 27.1% compared to the same quarter last year. On average, sell-side analysts expect SailPoint Technologies Holdings, Inc. to post -0.78 EPS for the current fiscal year.

Analysts set new price targets

Several stock analysts have recently released reports on the company. Wells Fargo & Company downgraded SailPoint Technologies from an “equal weight” rating to an “overweight” rating and set a $65.25 price target on the stock in a Friday, May 6 research note . Wedbush reiterated a “neutral” rating and issued a $65.00 price target on SailPoint Technologies shares in a research note on Tuesday, April 12. DA Davidson downgraded SailPoint Technologies from a “buy” rating to a “neutral” rating in a Monday, April 11 research note. Citigroup upgraded SailPoint Technologies from a “Sell” rating to a “Neutral” rating in a Tuesday, April 12 research note. Finally, Canaccord Genuity Group downgraded SailPoint Technologies from a “buy” rating to a “hold” rating in a Monday, April 11 research note. Eleven research analysts have rated the stock with a hold rating and four have assigned the stock a buy rating. According to MarketBeat, SailPoint Technologies currently has a consensus rating of “Hold” and a consensus price target of $62.52.

About SailPoint Technologies

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SailPoint Technologies Holdings, Inc provides enterprise identity security solutions in the United States, Europe, the Middle East, Africa and internationally. The Company offers Software as a Service (SaaS) and Software Platforms, which provide organizations with the visibility and intelligence needed to empower users and manage their access to systems, applications and data in IT environments. hybrid information spanning on-premises, cloud and mobile. file storage applications and platforms.

See also

Want to see what other hedge funds hold SAIL? Visit HoldingsChannel.com for the latest 13F filings and insider trading for SailPoint Technologies Holdings, Inc. (NYSE: SAILGet a rating).

Institutional ownership by quarter for SailPoint Technologies (NYSE: SAIL)



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