Canaccord Genuity began coverage on shares of SailPoint Technologies (NYSE:SAIL) in a report published on Tuesday, MarketBeat.com reports. The brokerage issued a hold rating and a $15.00 price target on the stock.

Other research analysts also recently issued research reports about the company. Citigroup started coverage on SailPoint Technologies in a research note on Tuesday. They issued a buy rating and a $20.00 price target on the stock. Jefferies Group started coverage on SailPoint Technologies in a research note on Tuesday. They issued a buy rating and a $18.00 price target on the stock. Morgan Stanley started coverage on SailPoint Technologies in a research note on Tuesday. They issued an equal weight rating and a $16.00 price target on the stock. Finally, KeyCorp assumed coverage on SailPoint Technologies in a research note on Tuesday. They issued an overweight rating and a $19.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. SailPoint Technologies presently has a consensus rating of Buy and an average price target of $18.00.

SailPoint Technologies (NYSE:SAIL) traded down $0.23 during mid-day trading on Tuesday, hitting $14.64. The stock had a trading volume of 495,000 shares, compared to its average volume of 914,989. SailPoint Technologies has a one year low of $12.82 and a one year high of $16.36.

In related 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 filing with the SEC, which is available at this hyperlink. Also, CEO Mark D. Mcclain sold 300,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was 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 have sold a total of 6,800,000 shares of company stock worth $76,140,000 in the last ninety days.

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About SailPoint Technologies

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.

Analyst Recommendations for SailPoint Technologies (NYSE:SAIL)

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