Gilder Gagnon Howe & Co. LLC Has $32 Million Holdings in Sailpoint Technologies Holdings Inc (SAIL)

Gilder Gagnon Howe & Co. LLC raised its position in Sailpoint Technologies Holdings Inc (NYSE:SAIL) by 5.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 940,615 shares of the company’s stock after buying an additional 49,837 shares during the period. Gilder Gagnon Howe & Co. LLC owned 1.07% of Sailpoint Technologies worth $32,000,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of SAIL. Schwab Charles Investment Management Inc. purchased a new stake in shares of Sailpoint Technologies during the 1st quarter worth approximately $2,096,000. Northern Trust Corp purchased a new stake in shares of Sailpoint Technologies during the 1st quarter worth approximately $4,444,000. BlackRock Inc. increased its stake in shares of Sailpoint Technologies by 247.2% during the 1st quarter. BlackRock Inc. now owns 2,074,362 shares of the company’s stock worth $42,920,000 after purchasing an additional 1,476,871 shares during the last quarter. New York State Common Retirement Fund purchased a new stake in shares of Sailpoint Technologies during the 1st quarter worth approximately $674,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Sailpoint Technologies during the 1st quarter worth approximately $357,000. Hedge funds and other institutional investors own 50.61% of the company’s stock.

Sailpoint Technologies stock opened at $24.50 on Wednesday. Sailpoint Technologies Holdings Inc has a 1-year low of $12.82 and a 1-year high of $34.60. The company has a market capitalization of $2.06 billion and a P/E ratio of 612.50. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.03.

Sailpoint Technologies (NYSE:SAIL) last released its quarterly earnings data on Wednesday, August 8th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.05. The business had revenue of $54.60 million during the quarter, compared to analysts’ expectations of $50.02 million. The company’s revenue for the quarter was up 38.9% on a year-over-year basis. Sell-side analysts forecast that Sailpoint Technologies Holdings Inc will post -0.08 EPS for the current year.

In related news, Director William G. Bock sold 8,000 shares of Sailpoint Technologies stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $29.44, for a total value of $235,520.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Thoma Bravo, Llc sold 15,812,500 shares of Sailpoint Technologies stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $27.26, for a total transaction of $431,048,750.00. The disclosure for this sale can be found here. Insiders sold a total of 16,376,500 shares of company stock valued at $447,729,850 over the last quarter. 4.70% of the stock is owned by company insiders.

Several equities research analysts have recently issued reports on the stock. Northland Securities assumed coverage on shares of Sailpoint Technologies in a research note on Tuesday, September 11th. They set a “market perform” rating and a $34.00 price target for the company. Zacks Investment Research upgraded shares of Sailpoint Technologies from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research note on Thursday, October 4th. Citigroup raised their price target on shares of Sailpoint Technologies from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, August 9th. Oppenheimer raised their price target on shares of Sailpoint Technologies from $28.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, August 9th. Finally, Royal Bank of Canada restated a “buy” rating and set a $33.00 price target on shares of Sailpoint Technologies in a research note on Friday, August 10th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $31.69.

Sailpoint Technologies Company 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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