Jefferies Group Initiates Coverage on SailPoint Technologies (SAIL)
Research analysts at Jefferies Group initiated coverage on shares of SailPoint Technologies (NYSE:SAIL) in a report released on Tuesday. The brokerage set a “buy” rating and a $18.00 price target on the stock. Jefferies Group’s price objective suggests a potential upside of 21.05% from the stock’s previous close.
Shares of SailPoint Technologies (NYSE SAIL) opened at $14.87 on Tuesday. SailPoint Technologies has a 52 week low of $12.82 and a 52 week high of $16.36.
In other SailPoint Technologies news, major shareholder Thoma Bravo, Llc sold 1,500,000 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $11.16, for a total transaction of $16,740,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark D. Mcclain sold 300,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $12.00, for a total value of $3,600,000.00. The disclosure for this sale can be found here. Insiders sold 6,800,000 shares of company stock valued at $76,140,000 in the last ninety days.
SailPoint Technologies Holdings, Inc is a provider of enterprise identity governance solutions. The Company is focused on providing SailPoint that empowers customers to efficiently and securely govern the digital identities of employees, contractors, business partners and other users, and manage their constantly changing access rights to enterprise applications and data.
Receive News & Ratings for SailPoint Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SailPoint Technologies and related companies with MarketBeat.com's FREE daily email newsletter.