SailPoint Technologies Holdings, Inc.

NYSE:SAIL Stock Report

Market Cap: US$6.2b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

SailPoint Technologies Holdings Management

Management criteria checks 3/4

Key information

Mark McClain

Chief executive officer

US$7.4m

Total compensation

CEO salary percentage6.39%
CEO tenure16.7yrs
CEO ownership0.9%
Management average tenure2.3yrs
Board average tenure3.6yrs

Recent management updates

Recent updates

Seeking Alpha • Jun 30

SailPoint Technologies shareholders approve acquisition by Thoma Bravo

The shareholders of SailPoint Technologies Holdings (NYSE:SAIL) have approved a pending acquisition by software investment firm Thoma Bravo. As part of the merger agreement, SailPoint shareholders will receive $65.25 in cash per share. The transaction is expected to close in H2, subject to customary closing conditions. After the completion of the acquisition, SailPoint's shares will cease to trade on NYSE. SAIL shares were trading +0.21% post-market. Source: Press Release
Seeking Alpha • Jun 14

Golden Age Of Merger Arb: SailPoint

Time to put money to work. Merger arb spreads are wide. Here’s another you can buy today.
Seeking Alpha • Apr 11

When Fear Attacks! SailPoint Technologies Sold For Peanuts

Congratulations to Thoma Bravo and the SailPoint Technologies management team, each of which stand to make big returns from today's deal, in our view. Brickbats to those large SailPoint shareholders who are likely to support the deal going through. We move to Sell on the stock having banked nice gains but, still, this sale is the embodiment of the damage that sentiment can do to your bank balance.
Seeking Alpha • Mar 08

SailPoint Technologies Continues To Cross The Subscription Chasm

SailPoint Technologies is another old-line software company that's making a successful move to a subscription revenue model. The company is not well known, but we believe the stock can outperform. Between tailwinds from cybersecurity spending and fundamental improvements that we think can surprise to the upside, we believe there are multiple upward catalysts for this name. We rate SailPoint Technologies at Buy and own the stock in staff personal accounts.
Seeking Alpha • Mar 01

SailPoint Technologies: Growth Stock Trading At Excellent Value

Shares of SailPoint rallied ~8% after the company posted excellent Q4 results and offered upbeat guidance for FY22. SailPoint's revenue grew 31% y/y while ARR expanded 48% y/y, reflecting the company's ongoing shift to a subscription consumption model. Its identity management technology is horizontally applicable to enterprises of all sizes and sectors. SailPoint's ~8x forward revenue multiple still leaves plenty of room for upside.
Seeking Alpha • Oct 12

SailPoint: Stick With This Stock Through Its Cloud Transition

Shares of SailPoint have fallen ~15% year to date, despite a rise in the S&P 500 of approximately the same magnitude. SailPoint's major focus at the moment is to convert its business to the cloud. At present, it has shifted roughly three-quarters of its annual revenue base to ARR. Given its cloud tailwind and a very compelling product portfolio, SailPoint looks modestly valued at
Seeking Alpha • Aug 11

SailPoint Technologies: Average Quarter Shows Their Real Focus

SailPoint Technologies reported earnings recently, on August 8, 2021. SailPoint beat on both the top and the bottom line, yet shares dipped significantly. Short-term investors fled the stock after Q3 guidance was weak, but SailPoint's second-quarter showed strength in their business transition to SaaS and the cloud.
Seeking Alpha • Jul 17

SailPoint: Buy The Dip

SailPoint, an identity management platform, has been in correction mode all year. The company is shifting its business to recurring SaaS, and ARR is growing at a >40% y/y pace. Companies making successful transitions to SaaS have been rewarded by appreciating stock prices. Shares are still reasonably priced at ~9x forward revenue.

CEO Compensation Analysis

How has Mark McClain's remuneration changed compared to SailPoint Technologies Holdings's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2022n/an/a

-US$92m

Mar 31 2022n/an/a

-US$79m

Dec 31 2021US$7mUS$475k

-US$62m

Sep 30 2021n/an/a

-US$57m

Jun 30 2021n/an/a

-US$37m

Mar 31 2021n/an/a

-US$18m

Dec 31 2020US$6mUS$425k

-US$11m

Sep 30 2020n/an/a

-US$632k

Jun 30 2020n/an/a

US$4m

Mar 31 2020n/an/a

-US$9m

Dec 31 2019US$4mUS$400k

-US$8m

Sep 30 2019n/an/a

-US$9m

Jun 30 2019n/an/a

-US$11m

Mar 31 2019n/an/a

-US$2m

Dec 31 2018US$604kUS$375k

US$4m

Sep 30 2018n/an/a

US$775k

Jun 30 2018n/an/a

-US$13m

Mar 31 2018n/an/a

-US$23m

Dec 31 2017US$5mUS$330k

-US$29m

Sep 30 2017n/an/a

-US$34m

Jun 30 2017n/an/a

-US$24m

Mar 31 2017n/an/a

-US$22m

Dec 31 2016US$427kUS$308k

-US$27m

Compensation vs Market: Mark's total compensation ($USD7.43M) is about average for companies of similar size in the US market ($USD8.11M).

Compensation vs Earnings: Mark's compensation has increased whilst the company is unprofitable.

CEO

Mark McClain (60 yo)

16.7yrs
Tenure
US$7,430,530
Compensation

Mr. Mark D. McClain, TTEE, has been the Chief Executive Officer of SailPoint Technologies Holdings, Inc. since December 2005. Mr. McClain co-founded SailPoint Technologies, Inc. in December 2005 and serves...

Leadership Team

NamePositionTenureCompensationOwnership
Mark McClain
Co-Founder16.7yrsUS$7.43m0.94%
$ 57.9m
Christopher Schmitt
Executive VP5.4yrsUS$2.20m0.0050%
$ 307.4k
Jason Ream
Consultantless than a yearUS$3.57m0%
$ 0
Grady Summers
Executive Vice President of Product2.3yrsUS$3.37m0.24%
$ 14.8m
Matthew Mills
President of Worldwide Field Operationsno dataUS$4.70m0.17%
$ 10.4m
Colleen Healy
Chief Financial Officerless than a yearno data0%
$ 0
Asanka Jayasuriya
Senior VP of Engineering & CTO2.3yrsno datano data
Wendy Wu
Chief Marketing Officer1.3yrsno datano data
Abby Payne
Chief People Officerno datano datano data
Troy Donley
Senior Vice President of North American Sales3.6yrsno datano data
Stephen Bradford
Senior Vice President of EMEA2.3yrsno datano data
Meredith Blanchar
Chief Customer Officer1.8yrsno datano data
2.3yrs
Average Tenure
50.5yo
Average Age

Experienced Management: SAIL's management team is considered experienced (2.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Mark McClain
Co-Founder16.7yrsUS$7.43m0.94%
$ 57.9m
James Pflaging
Independent Director7.6yrsUS$232.80k0.025%
$ 1.6m
William Bock
Independent Chairman of the Board of Directors11.6yrsUS$248.80k0.082%
$ 5.1m
Michael Sullivan
Independent Director4.8yrsUS$234.05k0.015%
$ 947.0k
J. McMartin
Director2.6yrsUS$2.10m0.051%
$ 3.2m
Heidi Melin
Independent Director3.6yrsUS$226.05k0.014%
$ 843.1k
Sudhakar Ramakrishna
Independent Director1.2yrsUS$172.99k0.0035%
$ 215.3k
Tracey Newell
Independent Director3.4yrsUS$222.55k0.017%
$ 1.1m
Ronald Green
Independent Director1.1yrsUS$144.75k0.0028%
$ 175.7k
3.6yrs
Average Tenure
57yo
Average Age

Experienced Board: SAIL's board of directors are considered experienced (3.6 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2022/08/16 23:49
End of Day Share Price 2022/08/15 00:00
Earnings2022/06/30
Annual Earnings2021/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

SailPoint Technologies Holdings, Inc. is covered by 14 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Thomas WalkleyCanaccord Genuity
Fatima BoolaniCitigroup Inc
Andrew NowinskiD.A. Davidson & Co.