Analysts expect Sailpoint Technologies Holdings Inc (NYSE:SAIL) to report $55.75 million in sales for the current quarter, Zacks reports. Three analysts have provided estimates for Sailpoint Technologies’ earnings, with the lowest sales estimate coming in at $55.40 million and the highest estimate coming in at $56.26 million. The firm is expected to report its next earnings results after the market closes on Wednesday, February 21st.

According to Zacks, analysts expect that Sailpoint Technologies will report full year sales of $55.75 million for the current fiscal year, with estimates ranging from $173.70 million to $174.55 million. For the next year, analysts expect that the business will post sales of $216.44 million per share, with estimates ranging from $214.32 million to $219.24 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Sailpoint Technologies.

Several analysts recently commented on SAIL shares. Oppenheimer started coverage on shares of Sailpoint Technologies in a research report on Tuesday, December 12th. They set a “buy” rating and a $20.00 price objective on the stock. Citigroup began coverage on shares of Sailpoint Technologies in a report on Tuesday, December 12th. They set a “buy” rating and a $20.00 price target on the stock. Jefferies Group began coverage on shares of Sailpoint Technologies in a report on Tuesday, December 12th. They issued a “buy” rating and a $18.00 price objective on the stock. Morgan Stanley assumed coverage on shares of Sailpoint Technologies in a report on Tuesday, December 12th. They issued an “equal weight” rating and a $16.00 price objective on the stock. Finally, Canaccord Genuity assumed coverage on shares of Sailpoint Technologies in a research note on Tuesday, December 12th. They set a “hold” rating and a $15.00 target price on the stock. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $18.00.

In related news, Director James Michael Pflaging acquired 3,500 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were purchased at an average price of $14.70 per share, for a total transaction of $51,450.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Thoma Bravo, Llc sold 5,000,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $11.16, for a total transaction of $55,800,000.00. The disclosure for this sale can be found here. Insiders sold 6,800,000 shares of company stock valued at $76,140,000 over the last 90 days.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Thompson Davis & CO. Inc. purchased a new position in shares of Sailpoint Technologies during the 4th quarter valued at approximately $156,000. Picton Mahoney Asset Management acquired a new position in Sailpoint Technologies in the 4th quarter valued at $2,761,000. Finally, Gilder Gagnon Howe & Co. LLC acquired a new position in Sailpoint Technologies in the 4th quarter valued at $22,033,000. Hedge funds and other institutional investors own 0.02% of the company’s stock.

Shares of Sailpoint Technologies (SAIL) traded up $0.47 during midday trading on Friday, reaching $15.66. 266,376 shares of the company’s stock traded hands, compared to its average volume of 264,751. Sailpoint Technologies has a 1-year low of $12.82 and a 1-year high of $17.75.

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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.

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Earnings History and Estimates for Sailpoint Technologies (NYSE:SAIL)

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