$0.10 EPS Expected for Sailpoint Technologies Holdings Inc (SAIL) This Quarter

Equities research analysts forecast that Sailpoint Technologies Holdings Inc (NYSE:SAIL) will announce earnings of $0.10 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Sailpoint Technologies’ earnings. The highest EPS estimate is $0.10 and the lowest is $0.08. Sailpoint Technologies reported earnings of $0.17 per share during the same quarter last year, which suggests a negative year over year growth rate of 41.2%. The business is scheduled to announce its next quarterly earnings report on Wednesday, February 20th.

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 $0.26. For the next financial year, analysts anticipate that the firm will report earnings of $0.18 per share, with EPS estimates ranging from $0.08 to $0.27. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Sailpoint Technologies.

Sailpoint Technologies (NYSE:SAIL) last issued its quarterly earnings results on Wednesday, November 7th. The company reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.14. The firm had revenue of $66.42 million for the quarter, compared to analysts’ expectations of $55.22 million. Sailpoint Technologies had a positive return on equity of 3.45% and a negative net margin of 2.59%. Sailpoint Technologies’s revenue was up 52.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.02) EPS.

Several research firms have weighed in on SAIL. Citigroup lifted their target price on Sailpoint Technologies from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, August 9th. Royal Bank of Canada reaffirmed a “buy” rating and set a $33.00 target price on shares of Sailpoint Technologies in a research note on Friday, August 10th. Needham & Company LLC lifted their target price on Sailpoint Technologies from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, August 9th. KeyCorp lifted their target price on Sailpoint Technologies from $28.00 to $32.00 and gave the company an “overweight” rating in a research note on Thursday, August 9th. Finally, Canaccord Genuity lifted their target price on Sailpoint Technologies from $24.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, August 9th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Sailpoint Technologies has an average rating of “Buy” and an average price target of $31.69.

In related news, CRO Howard R. Greenfield sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, September 21st. The stock was sold at an average price of $32.43, for a total value of $1,621,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark D. Mcclain sold 93,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $28.31, for a total value of $2,632,830.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,331,500 shares of company stock worth $446,379,400. Company insiders own 4.70% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Harvest Fund Management Co. Ltd bought a new stake in shares of Sailpoint Technologies in the 3rd quarter valued at approximately $106,000. Millennium Management LLC lifted its holdings in Sailpoint Technologies by 2.3% in the 2nd quarter. Millennium Management LLC now owns 176,609 shares of the company’s stock worth $4,334,000 after purchasing an additional 3,971 shares during the last quarter. Sullivan Bruyette Speros & Blaney LLC lifted its holdings in Sailpoint Technologies by 14.3% in the 3rd quarter. Sullivan Bruyette Speros & Blaney LLC now owns 33,334 shares of the company’s stock worth $1,134,000 after purchasing an additional 4,167 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Sailpoint Technologies in the 2nd quarter worth approximately $122,000. Finally, Engineers Gate Manager LP acquired a new stake in Sailpoint Technologies in the 3rd quarter worth approximately $201,000. 51.77% of the stock is owned by institutional investors and hedge funds.

SAIL traded down $0.77 during trading on Friday, reaching $25.45. The company had a trading volume of 796,442 shares, compared to its average volume of 1,141,616. The stock has a market capitalization of $2.38 billion and a P/E ratio of 636.25. Sailpoint Technologies has a 12-month low of $12.82 and a 12-month high of $34.60. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.03.

About Sailpoint Technologies

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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