Sailpoint Technologies (NYSE:SAIL) had its price objective upped by Citigroup from $33.00 to $36.00 in a research report released on Thursday morning. Citigroup currently has a buy rating on the stock.

Several other equities research analysts have also issued reports on SAIL. Zacks Investment Research lowered Sailpoint Technologies from a buy rating to a hold rating in a research note on Friday, April 13th. Jefferies Financial Group reissued a buy rating and set a $28.00 price target on shares of Sailpoint Technologies in a research note on Thursday, April 19th. Needham & Company LLC raised their price target on Sailpoint Technologies from $25.00 to $29.00 and gave the stock a buy rating in a research note on Tuesday, April 24th. Canaccord Genuity reissued a hold rating and set a $24.00 price target on shares of Sailpoint Technologies in a research note on Wednesday, May 16th. Finally, Piper Jaffray Companies initiated coverage on Sailpoint Technologies in a research note on Wednesday, May 30th. They set an overweight rating and a $28.00 price target for the company. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $29.45.

Shares of NYSE:SAIL traded down $0.37 during trading on Thursday, hitting $28.83. The company had a trading volume of 731,246 shares, compared to its average volume of 785,374. The firm has a market capitalization of $2.56 billion and a price-to-earnings ratio of 720.75. Sailpoint Technologies has a one year low of $12.82 and a one year high of $30.39. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.47 and a quick ratio of 2.14.

Sailpoint Technologies (NYSE:SAIL) last posted its quarterly earnings data on Wednesday, August 8th. The company reported $0.03 earnings per share (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 revenue for the quarter was up 38.9% on a year-over-year basis. analysts expect that Sailpoint Technologies will post -0.15 earnings per share for the current fiscal year.

In other Sailpoint Technologies news, CAO Thomas Arthur Beck sold 5,000 shares of the firm’s stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $22.42, for a total transaction of $112,100.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CRO Howard R. Greenfield sold 50,000 shares of the firm’s stock in a transaction on Tuesday, May 22nd. The stock was sold at an average price of $21.95, for a total value of $1,097,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 20,969,816 shares of company stock valued at $456,423,773 over the last three months.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in Sailpoint Technologies by 69.3% during the 2nd quarter. BlackRock Inc. now owns 3,511,287 shares of the company’s stock worth $86,166,000 after purchasing an additional 1,436,925 shares during the period. JPMorgan Chase & Co. increased its holdings in Sailpoint Technologies by 7.0% during the 1st quarter. JPMorgan Chase & Co. now owns 3,323,801 shares of the company’s stock worth $68,770,000 after purchasing an additional 216,453 shares during the period. FMR LLC increased its holdings in Sailpoint Technologies by 79.8% during the 2nd quarter. FMR LLC now owns 1,910,500 shares of the company’s stock worth $46,884,000 after purchasing an additional 848,084 shares during the period. Wells Fargo & Company MN increased its holdings in Sailpoint Technologies by 27.9% during the 2nd quarter. Wells Fargo & Company MN now owns 830,481 shares of the company’s stock worth $20,380,000 after purchasing an additional 181,099 shares during the period. Finally, Federated Investors Inc. PA increased its holdings in Sailpoint Technologies by 73.8% during the 2nd quarter. Federated Investors Inc. PA now owns 538,747 shares of the company’s stock worth $13,220,000 after purchasing an additional 228,747 shares during the period. Institutional investors own 25.44% 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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Analyst Recommendations for Sailpoint Technologies (NYSE:SAIL)

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