Investment analysts at Oppenheimer initiated coverage on shares of SailPoint Technologies (NYSE:SAIL) in a research report issued on Tuesday. The brokerage set a “buy” rating and a $20.00 price target on the stock. Oppenheimer’s price objective would suggest a potential upside of 35.04% from the company’s current price.

SAIL has been the subject of a number of other reports. Morgan Stanley assumed coverage on SailPoint Technologies in a report on Tuesday. They issued an “equal weight” rating and a $16.00 target price for the company. Canaccord Genuity assumed coverage on SailPoint Technologies in a report on Tuesday. They issued a “hold” rating and a $15.00 target price for the company. KeyCorp assumed coverage on SailPoint Technologies in a report on Tuesday. They issued an “overweight” rating and a $19.00 target price for the company. Royal Bank of Canada assumed coverage on SailPoint Technologies in a report on Tuesday. They issued an “outperform” rating for the company. Finally, Citigroup assumed coverage on SailPoint Technologies in a report on Tuesday. They issued a “buy” rating and a $20.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $18.00.

Shares of SailPoint Technologies (NYSE:SAIL) traded down $0.02 on Tuesday, hitting $14.81. The stock had a trading volume of 1,124,400 shares, compared to its average volume of 973,394. SailPoint Technologies has a fifty-two week low of $12.82 and a fifty-two week high of $16.36.

In other SailPoint Technologies news, CEO Mark D. Mcclain sold 300,000 shares of the 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Thoma Bravo, Llc sold 5,000,000 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $11.16, for a total value of $55,800,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,800,000 shares of company stock worth $76,140,000.

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SailPoint Technologies Company Profile

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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