SailPoint Technologies Holdings, Inc. (NYSE: SAIL – Get Rating) earned an average recommendation of “Hold” from the nineteen brokerages that currently cover the business, Marketbeat.com reports. Thirteen analysts rated the stock with a hold recommendation and five gave the company a buy recommendation. The 1-year average target price among brokers who have reported on the stock in the past year is $64.85.
Several research analysts have recently published reports on the company. Wedbush restated a “neutral” rating and set a price target of $65.00 on shares of SailPoint Technologies in a Tuesday, April 12 research report. Royal Bank of Canada downgraded SailPoint Technologies from an “outperform” rating to an “industry performer” rating and set a price target of $65.25 for the company. in a research report on Tuesday, April 12. DA Davidson downgraded SailPoint Technologies from a “buy” rating to a “neutral” rating in a Monday, April 11 research report. Piper Sandler downgraded SailPoint Technologies from an “overweight” rating to a “neutral” rating and set a price target of $65.00 for the company. in a research report on Tuesday, April 12. Finally, Canaccord Genuity Group reaffirmed a “holding” rating and set a price target of $65.25 on shares of SailPoint Technologies in a Tuesday, April 12 research report.
SAIL shares opened at $63.83 on Friday. SailPoint Technologies has a 12-month low of $34.98 and a 12-month high of $64.43. The stock’s 50-day moving average is $51.68 and its two-hundred-day moving average is $48.14. The company has a market capitalization of $6.01 billion, a PE ratio of -96.71 and a beta of 1.84.
SailPoint Technologies (NYSE:SAIL – Get Rating) last announced its quarterly results on Monday, February 28. The company reported EPS of $0.09 for the quarter, beating Thomson Reuters consensus estimate of $0.07 ($0.07) by $0.16. The company posted revenue of $135.60 million for the quarter, versus analyst estimates of $113.72 million. SailPoint Technologies posted a negative return on equity of 9.86% and a negative net margin of 14.04%. The company’s quarterly revenue increased 31.2% year over year. In the same quarter of the previous year, the company achieved EPS of $0.05. On average, stock analysts predict SailPoint Technologies will post -0.77 EPS for the current fiscal year.
Separately, director William G. Bock sold 2,500 shares of the company in a transaction dated Tuesday, February 15. The shares were sold at an average price of $40.23, for a total value of $100,575.00. The sale was disclosed in an SEC filing, available on the SEC’s website. Additionally, manager Tracey Newell sold 1,750 shares in a trade dated Tuesday, March 1. The stock was sold at an average price of $44.51, for a total transaction of $77,892.50. The disclosure of this sale can be found here. In the past 90 days, insiders have sold 74,409 shares of the company worth $3,031,585. Insiders of the company own 2.00% of the shares of the company.
Several large investors have recently changed their positions in the company. Champlain Investment Partners LLC increased its stake in shares of SailPoint Technologies by 0.3% in the fourth quarter. Champlain Investment Partners LLC now owns 3,074,290 shares of the company valued at $148,611,000 after purchasing an additional 9,125 shares during the period. TimesSquare Capital Management LLC increased its holdings of SailPoint Technologies shares by 2.8% in the third quarter. TimesSquare Capital Management LLC now owns 2,174,800 shares of the company valued at $93,255,000 after acquiring an additional 58,590 shares last quarter. Credit Suisse AG increased its holdings of SailPoint Technologies shares by 11.3% in the third quarter. Credit Suisse AG now owns 2,000,897 shares of the company valued at $85,799,000 after acquiring 203,366 additional shares last quarter. Geode Capital Management LLC increased its holdings of SailPoint Technologies shares by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 1,531,738 shares of the company valued at $74,044,000 after acquiring 39,577 additional shares last quarter. Finally, Edmond DE Rothschild Holding SA increased its stake in SailPoint Technologies shares by 8.6% in the fourth quarter. Edmond DE Rothschild Holding SA now owns 1,063,630 shares of the company valued at $51,416,000 after acquiring 83,877 additional shares last quarter.
SailPoint Technologies Company Profile (Get a rating)
SailPoint Technologies Holdings, Inc provides enterprise identity security solutions in the United States, Europe, the Middle East, Africa and internationally. The Company offers Software as a Service (SaaS) and Software Platforms, which provide organizations with the visibility and intelligence needed to empower users and manage their access to systems, applications and data in IT environments. hybrid information spanning on-premises, cloud and mobile. file storage applications and platforms.
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