Weekly Research Analysts’ Ratings Changes for Sailpoint Technologies (SAIL)

Sailpoint Technologies (NYSE: SAIL) recently received a number of ratings updates from brokerages and research firms:

  • 11/8/2019 – Sailpoint Technologies is now covered by analysts at Piper Jaffray Companies. They set an “overweight” rating and a $30.00 price target on the stock.
  • 11/7/2019 – Sailpoint Technologies is now covered by analysts at Wedbush. They set an “outperform” rating and a $32.00 price target on the stock.
  • 11/7/2019 – Sailpoint Technologies had its price target raised by analysts at Jefferies Financial Group Inc from $26.00 to $28.00. They now have an “in-line” rating on the stock.
  • 11/7/2019 – Sailpoint Technologies had its price target raised by analysts at Canaccord Genuity from $18.00 to $22.00. They now have a “hold” rating on the stock.
  • 11/7/2019 – Sailpoint Technologies had its “hold” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $23.00 price target on the stock.
  • 11/7/2019 – Sailpoint Technologies had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $26.00 price target on the stock.
  • 10/17/2019 – Sailpoint Technologies had its price target lowered by analysts at Canaccord Genuity from $22.00 to $18.00. They now have a “hold” rating on the stock.
  • 10/4/2019 – Sailpoint Technologies was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “SailPoint Technologies Holdings, Inc. is a provider of enterprise identity governance solutions. The Company’s products and services include Open Identity Platform, Cloud-based Identity Governance, On-premises Identity Governance, Data Access Governance, Identity Analytics, Healthcare Identity Solutions and Federal Identity Solutions. SailPoint Technologies Holdings, Inc. is based in Austin, United States. “
  • 10/3/2019 – Sailpoint Technologies was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $21.00 price target on the stock. According to Zacks, “SailPoint Technologies Holdings, Inc. is a provider of enterprise identity governance solutions. The Company’s products and services include Open Identity Platform, Cloud-based Identity Governance, On-premises Identity Governance, Data Access Governance, Identity Analytics, Healthcare Identity Solutions and Federal Identity Solutions. SailPoint Technologies Holdings, Inc. is based in Austin, United States. “
  • 10/2/2019 – Sailpoint Technologies is now covered by analysts at SunTrust Banks, Inc.. They set a “buy” rating and a $25.00 price target on the stock.

Shares of SAIL stock opened at $22.82 on Wednesday. The firm’s 50 day moving average price is $19.39 and its 200-day moving average price is $20.66. The company has a debt-to-equity ratio of 0.72, a quick ratio of 4.25 and a current ratio of 4.25. Sailpoint Technologies Holdings Inc has a one year low of $16.63 and a one year high of $32.25. The firm has a market cap of $2.05 billion, a P/E ratio of 142.63 and a beta of 2.01.

Sailpoint Technologies (NYSE:SAIL) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.11. Sailpoint Technologies had a negative net margin of 3.13% and a positive return on equity of 1.57%. The firm had revenue of $75.88 million for the quarter, compared to analyst estimates of $70.50 million. During the same period in the prior year, the business posted $0.12 EPS. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. As a group, research analysts predict that Sailpoint Technologies Holdings Inc will post -0.09 EPS for the current fiscal year.

In other Sailpoint Technologies news, Director William G. Bock sold 4,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $21.21, for a total transaction of $84,840.00. Following the sale, the director now directly owns 97,347 shares in the company, valued at approximately $2,064,729.87. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Mark D. Mcclain sold 56,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $21.15, for a total transaction of $1,184,400.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 253,800 shares of company stock worth $5,062,782. Company insiders own 4.10% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Sailpoint Technologies by 4.5% during the 2nd quarter. Vanguard Group Inc. now owns 7,407,641 shares of the company’s stock worth $148,449,000 after buying an additional 322,351 shares in the last quarter. Soma Equity Partners LP acquired a new stake in Sailpoint Technologies during the 2nd quarter worth approximately $62,124,000. Janus Henderson Group PLC lifted its holdings in Sailpoint Technologies by 20.3% during the 2nd quarter. Janus Henderson Group PLC now owns 3,012,523 shares of the company’s stock worth $60,371,000 after buying an additional 507,503 shares in the last quarter. Bank of America Corp DE lifted its holdings in Sailpoint Technologies by 207.8% during the 2nd quarter. Bank of America Corp DE now owns 2,701,115 shares of the company’s stock worth $54,131,000 after buying an additional 1,823,432 shares in the last quarter. Finally, ETF Managers Group LLC lifted its holdings in Sailpoint Technologies by 26.4% during the 2nd quarter. ETF Managers Group LLC now owns 2,437,095 shares of the company’s stock worth $48,279,000 after buying an additional 508,520 shares in the last quarter. Institutional investors own 92.32% of the company’s stock.

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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