Sailpoint Technologies Holdings Inc (NYSE:SAIL) has been given a consensus recommendation of “Buy” by the sixteen research firms that are presently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $27.92.

Several analysts recently weighed in on the stock. Piper Jaffray Companies lifted their price target on shares of Beigene to $180.00 and gave the company an “overweight” rating in a report on Thursday, May 9th. Needham & Company LLC restated a “buy” rating and set a $26.00 target price (down previously from $27.00) on shares of Nlight in a report on Thursday, May 9th. BTIG Research dropped their target price on shares of Sailpoint Technologies from $27.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. KeyCorp lowered their price target on Sailpoint Technologies from $35.00 to $28.00 and set an “in-line” rating for the company in a research report on Thursday, May 9th. Finally, Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $77.00 price target (up previously from $64.00) on shares of Spectrum Brands in a research report on Thursday, May 9th.

In other Sailpoint Technologies news, CRO Howard R. Greenfield sold 26,284 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $19.93, for a total transaction of $523,840.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William G. Bock sold 4,000 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $20.00, for a total value of $80,000.00. The disclosure for this sale can be found here. Insiders sold 58,284 shares of company stock worth $1,247,840 over the last ninety days. Corporate insiders own 4.10% of the company’s stock.

Large investors have recently made changes to their positions in the business. State Board of Administration of Florida Retirement System grew its stake in Sailpoint Technologies by 3.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 20,909 shares of the company’s stock worth $601,000 after purchasing an additional 790 shares in the last quarter. Optimum Investment Advisors grew its holdings in shares of Sailpoint Technologies by 18.8% during the 1st quarter. Optimum Investment Advisors now owns 5,050 shares of the company’s stock valued at $145,000 after acquiring an additional 800 shares in the last quarter. Brinker Capital Inc. grew its holdings in shares of Sailpoint Technologies by 10.1% during the 4th quarter. Brinker Capital Inc. now owns 23,311 shares of the company’s stock valued at $548,000 after acquiring an additional 2,129 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of Sailpoint Technologies by 2.9% during the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 83,463 shares of the company’s stock valued at $2,397,000 after acquiring an additional 2,390 shares in the last quarter. Finally, Emerald Advisers LLC grew its holdings in shares of Sailpoint Technologies by 0.5% during the 1st quarter. Emerald Advisers LLC now owns 564,155 shares of the company’s stock valued at $16,203,000 after acquiring an additional 2,696 shares in the last quarter. Hedge funds and other institutional investors own 85.30% of the company’s stock.

Sailpoint Technologies stock traded up $0.09 during trading hours on Wednesday, reaching $20.40. 31,593 shares of the stock were exchanged, compared to its average volume of 1,653,594. The stock has a market capitalization of $1.80 billion, a PE ratio of 127.63 and a beta of 2.13. Sailpoint Technologies has a 52-week low of $16.63 and a 52-week high of $34.60. The company’s 50 day moving average price is $18.92.

Sailpoint Technologies (NYSE:SAIL) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($0.06) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.01. The company had revenue of $60.58 million during the quarter, compared to the consensus estimate of $60.26 million. Sailpoint Technologies had a negative net margin of 2.14% and a positive return on equity of 3.26%. Research analysts forecast that Sailpoint Technologies will post -0.07 EPS for the current year.

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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Analyst Recommendations for Sailpoint Technologies (NYSE:SAIL)

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