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

Sailpoint Technologies (NYSE: SAIL) has recently received a number of price target changes and ratings updates:

  • 8/10/2018 – Sailpoint Technologies had its “buy” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $33.00 price target on the stock.
  • 8/9/2018 – Sailpoint Technologies had its price target raised by analysts at KeyCorp from $28.00 to $32.00. They now have an “overweight” rating on the stock.
  • 8/9/2018 – Sailpoint Technologies had its price target raised by analysts at Oppenheimer Holdings Inc. from $28.00 to $35.00. They now have an “outperform” rating on the stock.
  • 8/9/2018 – Sailpoint Technologies had its price target raised by analysts at Canaccord Genuity from $24.00 to $25.00. They now have a “hold” rating on the stock.
  • 8/9/2018 – Sailpoint Technologies had its price target raised by analysts at Citigroup Inc from $33.00 to $36.00. They now have a “buy” rating on the stock.
  • 8/9/2018 – Sailpoint Technologies had its price target raised by analysts at Needham & Company LLC from $29.00 to $30.00. They now have a “buy” rating on the stock.
  • 7/11/2018 – Sailpoint Technologies was upgraded by analysts at Zacks Investment Research from a “sell” 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. “
  • 6/30/2018 – Sailpoint Technologies was upgraded by analysts at Zacks Investment Research from a “sell” 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. “
  • 6/20/2018 – Sailpoint Technologies was upgraded by analysts at Zacks Investment Research from a “sell” 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. “

SAIL opened at $28.33 on Friday. The firm has a market capitalization of $2.53 billion and a P/E ratio of 708.25. Sailpoint Technologies Holdings Inc has a 12 month low of $12.82 and a 12 month high of $30.39. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.03.

Sailpoint Technologies (NYSE:SAIL) last posted its quarterly earnings data on Wednesday, August 8th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.05. The company had revenue of $54.60 million during the quarter, compared to the consensus estimate of $50.02 million. The firm’s quarterly revenue was up 38.9% on a year-over-year basis. equities analysts forecast that Sailpoint Technologies Holdings Inc will post -0.15 EPS for the current year.

In other news, CFO James Cameron Mcmartin sold 23,205 shares of the business’s stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $21.62, for a total transaction of $501,692.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Thoma Bravo, Llc sold 20,479,200 shares of the business’s stock in a transaction dated Tuesday, May 29th. The stock was sold at an average price of $21.66, for a total transaction of $443,579,472.00. The disclosure for this sale can be found here. Insiders sold a total of 21,024,816 shares of company stock worth $458,204,643 over the last ninety days.

Institutional investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC acquired a new position in shares of Sailpoint Technologies during the 2nd quarter worth about $122,000. Citigroup Inc. acquired a new position in shares of Sailpoint Technologies during the 1st quarter worth about $158,000. C M Bidwell & Associates Ltd. acquired a new position in shares of Sailpoint Technologies during the 1st quarter worth about $182,000. California Public Employees Retirement System acquired a new position in shares of Sailpoint Technologies during the 2nd quarter worth about $233,000. Finally, Sheets Smith Wealth Management acquired a new position in shares of Sailpoint Technologies during the 2nd quarter worth about $237,000. Institutional investors own 26.00% 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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