Analysts expect Sailpoint Technologies Holdings Inc (NYSE:SAIL) to post sales of $71.01 million for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Sailpoint Technologies’ earnings. The lowest sales estimate is $70.50 million and the highest is $71.50 million. Sailpoint Technologies posted sales of $67.77 million in the same quarter last year, which suggests a positive year-over-year growth rate of 4.8%. The firm is expected to issue its next quarterly earnings results after the market closes on Thursday, February 21st.

According to Zacks, analysts expect that Sailpoint Technologies will report full year sales of $241.67 million for the current year, with estimates ranging from $241.20 million to $242.20 million. For the next financial year, analysts expect that the company will post sales of $294.54 million, with estimates ranging from $285.00 million to $302.12 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow Sailpoint Technologies.

Several research analysts have recently issued reports on the company. Monness Crespi & Hardt assumed coverage on Sailpoint Technologies in a research note on Wednesday, January 2nd. They set a “buy” rating and a $30.00 price target for the company. Zacks Investment Research raised Sailpoint Technologies from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Tuesday, December 25th. Goldman Sachs Group raised Sailpoint Technologies from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $32.00 to $33.00 in a research note on Monday, November 12th. Finally, Morgan Stanley set a $28.00 price target on Sailpoint Technologies and gave the stock a “hold” rating in a research note on Friday, October 19th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $30.79.

Shares of NYSE:SAIL traded down $0.36 during midday trading on Wednesday, hitting $31.69. 1,182,202 shares of the stock were exchanged, compared to its average volume of 825,600. The company has a market capitalization of $2.81 billion, a PE ratio of 792.25 and a beta of 1.78. Sailpoint Technologies has a twelve month low of $15.95 and a twelve month high of $34.60.

In related news, CEO Mark D. Mcclain sold 33,000 shares of the business’s stock in a transaction dated Monday, December 17th. The shares were sold at an average price of $22.72, for a total value of $749,760.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Thomas Arthur Beck sold 41,600 shares of the business’s stock in a transaction dated Thursday, January 31st. The shares were sold at an average price of $28.12, for a total transaction of $1,169,792.00. The disclosure for this sale can be found here. Insiders sold a total of 182,581 shares of company stock valued at $4,758,518 in the last three months. 4.70% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc grew its holdings in Sailpoint Technologies by 42.6% in the 3rd quarter. Vanguard Group Inc now owns 5,953,503 shares of the company’s stock valued at $202,538,000 after buying an additional 1,778,907 shares during the period. Vanguard Group Inc. grew its holdings in Sailpoint Technologies by 42.6% in the 3rd quarter. Vanguard Group Inc. now owns 5,953,503 shares of the company’s stock valued at $202,538,000 after buying an additional 1,778,907 shares during the period. Alliancebernstein L.P. grew its holdings in Sailpoint Technologies by 41.9% in the 3rd quarter. Alliancebernstein L.P. now owns 5,978,211 shares of the company’s stock valued at $203,379,000 after buying an additional 1,766,639 shares during the period. Eagle Asset Management Inc. purchased a new stake in Sailpoint Technologies in the 3rd quarter valued at about $59,799,000. Finally, BlackRock Inc. grew its holdings in Sailpoint Technologies by 41.5% in the 3rd quarter. BlackRock Inc. now owns 4,968,760 shares of the company’s stock valued at $169,037,000 after buying an additional 1,457,473 shares during the period. 74.34% of the stock is owned by hedge funds and other institutional investors.

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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