SailPoint Technologies Holdings, Inc. (NYSE: SAIL)

DEFENDANT NAME: SailPoint Technologies Holdings, Inc.
STOCK SYMBOL: NYSE: SAIL
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PRACTICE AREA: Investor Fraud
STATUS: Investigation
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CONTACT:
510-725-3000 SAIL@hbsslaw.com

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Hagens Berman Sobol Shapiro LLP alerts investors in SailPoint Technologies Holdings, Inc. (NYSE: SAIL) to the firm's investigation into possible disclosure violations.

If you purchased or otherwise acquired securities of SAIL between January 2, 2019 and May 8, 2019 and suffered losses contact Hagens Berman Sobol Shapiro LLP.  For more infomation contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing SAIL@hbsslaw.com.

On May 8, 2019, SailPoint and senior management (1) announced the Company’s Q1 2019 financial results, and (2) slashed guidance for 2Q and FY 2019.  Management stated, “we’ve seen some recent changes in our pipeline that are impacting our expectations for the second quarter and remainder of 2019.”

This news drove the price of SailPoint shares sharply lower on May 9, 2019.

“We’re focused on investors’ losses, whether management had pipeline visibility at the time of their earlier guidance, and whether investors may have been misled,” said Hagens Berman partner Reed Kathrein.


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05/14/19: Investigation