Sailpoint Technologies (NYSE:SAIL) released its quarterly earnings results on Wednesday. The company reported $0.12 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.14, Briefing.com reports. The firm had revenue of $66.42 million for the quarter, compared to analyst estimates of $55.22 million. The company’s quarterly revenue was up 52.5% on a year-over-year basis. During the same period last year, the firm earned ($0.02) EPS. Sailpoint Technologies updated its Q4 guidance to $0.08-0.09 EPS.
Shares of SAIL stock traded down $0.65 during midday trading on Friday, hitting $25.57. The company had a trading volume of 365,904 shares, compared to its average volume of 1,157,086. Sailpoint Technologies has a 52-week low of $12.82 and a 52-week high of $34.60. The company has a market capitalization of $2.22 billion and a P/E ratio of 639.31. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.03.
In related news, CEO Mark D. Mcclain sold 33,000 shares of Sailpoint Technologies stock in a transaction that occurred on Monday, October 15th. The stock was sold at an average price of $27.04, for a total value of $892,320.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 disclosure for this sale can be found here. Insiders sold a total of 16,331,500 shares of company stock worth $446,379,400 over the last quarter. Company insiders own 4.70% of the company’s stock.
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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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