Wall Street brokerages forecast that Sailpoint Technologies Holdings Inc (NYSE:SAIL) will post earnings of ($0.02) per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Sailpoint Technologies’ earnings. The firm is scheduled to issue its next earnings results after the market closes on Wednesday, November 7th.
According to Zacks, analysts expect that Sailpoint Technologies will report full-year earnings of $0.13 per share for the current fiscal year. For the next year, analysts anticipate that the business will post earnings of $0.17 per share, with EPS estimates ranging from $0.08 to $0.23. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for Sailpoint Technologies.
Sailpoint Technologies (NYSE:SAIL) last issued its quarterly earnings results on Wednesday, August 8th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.05. The company had revenue of $54.60 million for the quarter, compared to the consensus estimate of $50.02 million. The business’s revenue was up 38.9% compared to the same quarter last year.
Several equities research analysts recently commented on the company. Zacks Investment Research downgraded Sailpoint Technologies from a “buy” rating to a “hold” rating in a report on Saturday, October 6th. Northland Securities assumed coverage on Sailpoint Technologies in a report on Tuesday, September 11th. They issued a “market perform” rating and a $34.00 price objective for the company. Goldman Sachs Group assumed coverage on Sailpoint Technologies in a report on Tuesday, August 21st. They issued a “neutral” rating and a $32.00 price objective for the company. Royal Bank of Canada reiterated a “buy” rating and issued a $33.00 price objective on shares of Sailpoint Technologies in a report on Friday, August 10th. Finally, Oppenheimer lifted their price objective on Sailpoint Technologies from $28.00 to $35.00 and gave the stock an “outperform” rating in a report 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. The stock currently has an average rating of “Buy” and a consensus target price of $30.77.
NYSE SAIL opened at $27.98 on Tuesday. Sailpoint Technologies has a one year low of $12.82 and a one year high of $34.60. The stock has a market capitalization of $2.98 billion and a P/E ratio of 702.00. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.03.
In other Sailpoint Technologies news, CEO Mark D. Mcclain sold 33,000 shares of the business’s stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $27.04, for a total transaction of $892,320.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Thoma Bravo, Llc sold 15,812,500 shares of the business’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $27.26, for a total value of $431,048,750.00. The disclosure for this sale can be found here. Insiders sold a total of 16,337,500 shares of company stock valued at $446,634,620 over the last quarter. 4.70% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC grew its stake in shares of Sailpoint Technologies by 2.3% during the 2nd quarter. Millennium Management LLC now owns 176,609 shares of the company’s stock valued at $4,334,000 after purchasing an additional 3,971 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of Sailpoint Technologies during the 2nd quarter valued at about $122,000. Radnor Capital Management LLC bought a new stake in shares of Sailpoint Technologies during the 3rd quarter valued at about $242,000. Stifel Financial Corp grew its stake in shares of Sailpoint Technologies by 7.4% during the 1st quarter. Stifel Financial Corp now owns 109,146 shares of the company’s stock valued at $2,259,000 after purchasing an additional 7,516 shares during the period. Finally, Citigroup Inc. bought a new stake in shares of Sailpoint Technologies during the 1st quarter valued at about $158,000. Institutional investors and hedge funds own 50.61% of the company’s stock.
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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