Brokerages expect Sailpoint Technologies Holdings Inc (NYSE:SAIL) to post ($0.05) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Sailpoint Technologies’ earnings. The lowest EPS estimate is ($0.06) and the highest is ($0.04). Sailpoint Technologies reported earnings of $0.03 per share in the same quarter last year, which would suggest a negative year over year growth rate of 266.7%. The business is scheduled to announce its next earnings results on Wednesday, August 14th.
On average, analysts expect that Sailpoint Technologies will report full-year earnings of $0.15 per share for the current fiscal year, with EPS estimates ranging from $0.13 to $0.16. For the next fiscal year, analysts expect that the company will report earnings of $0.27 per share, with EPS estimates ranging from $0.19 to $0.41. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Sailpoint Technologies.
Sailpoint Technologies (NYSE:SAIL) last announced its earnings results on Wednesday, May 8th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.01. The firm had revenue of $60.58 million for the quarter, compared to the consensus estimate of $60.26 million. Sailpoint Technologies had a negative net margin of 2.14% and a positive return on equity of 3.26%.
Several brokerages have commented on SAIL. Northland Securities restated a “hold” rating and set a $23.00 target price on shares of Sailpoint Technologies in a report on Wednesday. TheStreet downgraded shares of Sailpoint Technologies from a “c-” rating to a “d+” rating in a report on Thursday, May 9th. ValuEngine downgraded shares of Sailpoint Technologies from a “buy” rating to a “hold” rating in a report on Friday, May 10th. Oppenheimer dropped their target price on shares of Sailpoint Technologies from $35.00 to $28.00 and set an “outperform” rating on the stock in a report on Thursday, May 9th. Finally, Piper Jaffray Companies dropped their target price on shares of Sailpoint Technologies from $35.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday, May 9th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $29.20.
In other news, CAO Thomas Arthur Beck sold 5,200 shares of Sailpoint Technologies stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $28.89, for a total value of $150,228.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Mark D. Mcclain sold 33,000 shares of Sailpoint Technologies stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $28.89, for a total transaction of $953,370.00. The disclosure for this sale can be found here. Insiders sold 123,200 shares of company stock worth $3,367,598 over the last quarter. 4.10% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Quantamental Technologies LLC acquired a new stake in shares of Sailpoint Technologies in the fourth quarter valued at approximately $68,000. Optimum Investment Advisors raised its holdings in shares of Sailpoint Technologies by 18.8% in the first quarter. Optimum Investment Advisors now owns 5,050 shares of the company’s stock valued at $145,000 after purchasing an additional 800 shares during the last quarter. Rehmann Capital Advisory Group acquired a new stake in shares of Sailpoint Technologies in the fourth quarter valued at approximately $128,000. Hsbc Holdings PLC acquired a new stake in shares of Sailpoint Technologies in the first quarter valued at approximately $212,000. Finally, Van Hulzen Asset Management LLC acquired a new stake in shares of Sailpoint Technologies in the first quarter valued at approximately $225,000. Institutional investors own 85.99% of the company’s stock.
SAIL stock traded up $0.42 during mid-day trading on Wednesday, hitting $17.61. 978,225 shares of the company were exchanged, compared to its average volume of 1,156,510. The company has a market capitalization of $1.55 billion, a P/E ratio of 110.06 and a beta of 2.18. Sailpoint Technologies has a 1-year low of $16.63 and a 1-year high of $34.60.
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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