Sailpoint Technologies (NYSE:SAIL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday. The brokerage presently has a $24.00 target price on the stock. Zacks Investment Research‘s price target indicates a potential upside of 13.15% from the stock’s previous close.

According to Zacks, “SailPoint Technologies Holdings, Inc. is a provider of enterprise identity governance solutions. The Company’s products and services include Open Identity Platform, Cloud-based Identity Governance, On-premises Identity Governance, Data Access Governance, Identity Analytics, Healthcare Identity Solutions and Federal Identity Solutions. SailPoint Technologies Holdings, Inc. is based in Austin, United States. “

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Other analysts also recently issued research reports about the stock. Royal Bank of Canada reissued a “buy” rating and issued a $21.00 price objective on shares of Sailpoint Technologies in a report on Friday, February 23rd. Canaccord Genuity boosted their price objective on shares of Sailpoint Technologies from $15.00 to $17.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Needham & Company LLC boosted their price objective on shares of Sailpoint Technologies from $21.00 to $23.50 and gave the company a “buy” rating in a report on Thursday, February 22nd. Jefferies Group reissued a “buy” rating and issued a $23.00 price objective on shares of Sailpoint Technologies in a report on Thursday, February 22nd. Finally, Oppenheimer started coverage on shares of Sailpoint Technologies in a report on Tuesday, December 12th. They issued a “buy” rating and a $20.00 price objective for the company. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $21.17.

Shares of Sailpoint Technologies (SAIL) opened at $21.21 on Friday. Sailpoint Technologies has a twelve month low of $12.82 and a twelve month high of $23.93.

Sailpoint Technologies (NYSE:SAIL) last announced its earnings results on Wednesday, February 21st. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.09 by $0.02. The company had revenue of $67.77 million for the quarter, compared to the consensus estimate of $55.75 million. research analysts anticipate that Sailpoint Technologies will post 0.05 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of SAIL. Gilder Gagnon Howe & Co. LLC bought a new stake in Sailpoint Technologies in the 4th quarter valued at about $22,033,000. Cortina Asset Management LLC bought a new stake in shares of Sailpoint Technologies during the 4th quarter worth approximately $20,497,000. Thrivent Financial For Lutherans bought a new stake in shares of Sailpoint Technologies during the 4th quarter worth approximately $20,272,000. Keenan Capital LLC bought a new stake in shares of Sailpoint Technologies during the 4th quarter worth approximately $13,050,000. Finally, BlackRock Inc. bought a new stake in shares of Sailpoint Technologies during the 4th quarter worth approximately $8,664,000. 25.03% of the stock is owned by hedge funds and other institutional investors.

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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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