Equities research analysts expect Sailpoint Technologies Holdings Inc (NYSE:SAIL) to announce sales of $55.10 million for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Sailpoint Technologies’ earnings, with the lowest sales estimate coming in at $54.90 million and the highest estimate coming in at $55.50 million. The firm is scheduled to report its next quarterly earnings results on Wednesday, November 14th.

On average, analysts expect that Sailpoint Technologies will report full year sales of $235.11 million for the current year, with estimates ranging from $234.50 million to $236.00 million. For the next year, analysts forecast that the firm will post sales of $287.48 million per share, with estimates ranging from $281.00 million to $292.38 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Sailpoint Technologies.

Sailpoint Technologies (NYSE:SAIL) last released its earnings results on Wednesday, August 8th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.05. The firm had revenue of $54.60 million during the quarter, compared to the consensus estimate of $50.02 million. The business’s revenue was up 38.9% on a year-over-year basis.

Several equities research analysts have recently issued reports on the stock. KeyCorp raised their target price on shares of Sailpoint Technologies from $28.00 to $32.00 and gave the stock an “overweight” rating in a report on Thursday, August 9th. Piper Jaffray Companies began coverage on shares of Sailpoint Technologies in a research note on Wednesday, May 30th. They issued an “overweight” rating and a $28.00 price target on the stock. Citigroup raised their price target on shares of Sailpoint Technologies from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, August 9th. Zacks Investment Research downgraded shares of Sailpoint Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, June 14th. Finally, Jefferies Financial Group raised their price target on shares of Sailpoint Technologies to $33.00 and gave the stock a “buy” rating in a research note on Thursday, June 14th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Sailpoint Technologies has a consensus rating of “Buy” and an average price target of $30.00.

In other Sailpoint Technologies news, CFO James Cameron Mcmartin sold 14,000 shares of the firm’s stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $31.83, for a total transaction of $445,620.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Thomas Arthur Beck sold 5,000 shares of the firm’s stock in a transaction dated Friday, June 29th. The shares were sold at an average price of $24.63, for a total transaction of $123,150.00. The disclosure for this sale can be found here. Insiders sold a total of 16,438,706 shares of company stock worth $449,042,699 in the last ninety days.

A number of hedge funds and other institutional investors have recently bought and sold shares of SAIL. Wells Fargo & Company MN grew its position in shares of Sailpoint Technologies by 13.5% in the 1st quarter. Wells Fargo & Company MN now owns 649,382 shares of the company’s stock worth $13,436,000 after buying an additional 77,343 shares during the last quarter. Rhumbline Advisers purchased a new position in shares of Sailpoint Technologies in the 1st quarter worth approximately $362,000. Schwab Charles Investment Management Inc. purchased a new position in shares of Sailpoint Technologies in the 1st quarter worth approximately $2,096,000. American International Group Inc. purchased a new position in shares of Sailpoint Technologies in the 1st quarter worth approximately $267,000. Finally, Alambic Investment Management L.P. purchased a new position in shares of Sailpoint Technologies in the 1st quarter worth approximately $1,568,000. 50.62% of the stock is currently owned by institutional investors and hedge funds.

Shares of Sailpoint Technologies stock traded down $0.37 during trading on Friday, hitting $31.30. The stock had a trading volume of 692,500 shares, compared to its average volume of 934,282. The firm has a market capitalization of $2.86 billion and a PE ratio of 782.50. 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 has a 12 month low of $12.82 and a 12 month high of $33.63.

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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Earnings History and Estimates for Sailpoint Technologies (NYSE:SAIL)

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