Sailpoint Technologies (NYSE:SAIL) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided EPS guidance of $0.12-0.14 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.08. The company issued revenue guidance of $233-236 million, compared to the consensus revenue estimate of $227.50 million.Sailpoint Technologies also updated its Q3 guidance to ($0.02-0.01) EPS.

Shares of Sailpoint Technologies opened at $29.20 on Friday, MarketBeat.com reports. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.14 and a current ratio of 2.14. The stock has a market cap of $2.27 billion and a PE ratio of 730.00. Sailpoint Technologies has a twelve month low of $12.82 and a twelve month high of $30.39.

Sailpoint Technologies (NYSE:SAIL) last announced its quarterly earnings results on Wednesday, August 8th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.05. The firm had revenue of $54.60 million for the quarter, compared to analyst estimates of $50.02 million. Sailpoint Technologies’s revenue for the quarter was up 38.9% on a year-over-year basis. analysts forecast that Sailpoint Technologies will post -0.15 earnings per share for the current year.

Several research analysts have recently weighed in on SAIL shares. Zacks Investment Research cut shares of Sailpoint Technologies from a buy rating to a hold rating in a research report on Wednesday, April 25th. Canaccord Genuity boosted their price target on shares of Sailpoint Technologies from $24.00 to $25.00 and gave the company a hold rating in a research report on Thursday. Royal Bank of Canada reissued a buy rating and set a $33.00 price target on shares of Sailpoint Technologies in a research report on Friday. Oppenheimer boosted their price target on shares of Sailpoint Technologies from $28.00 to $35.00 and gave the company an outperform rating in a research report on Thursday. Finally, BTIG Research started coverage on shares of Sailpoint Technologies in a research report on Wednesday, May 30th. They set a buy rating and a $30.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $29.45.

In other Sailpoint Technologies news, CAO Thomas Arthur Beck sold 45,000 shares of the company’s stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $30.01, for a total value of $1,350,450.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO James Cameron Mcmartin sold 14,000 shares of the company’s stock in a transaction dated Wednesday, July 18th. The shares were sold at an average price of $28.54, for a total transaction of $399,560.00. The disclosure for this sale can be found here. Insiders sold 20,969,816 shares of company stock worth $456,423,773 in the last ninety days.

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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