Analysts expect that Sailpoint Technologies Holdings Inc (NYSE:SAIL) will post sales of $60.39 million for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Sailpoint Technologies’ earnings, with estimates ranging from $60.00 million to $61.00 million. Sailpoint Technologies reported sales of $54.56 million during the same quarter last year, which would indicate a positive year over year growth rate of 10.7%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, August 14th.

On average, analysts expect that Sailpoint Technologies will report full-year sales of $279.47 million for the current year, with estimates ranging from $277.94 million to $280.10 million. For the next fiscal year, analysts forecast that the company will post sales of $321.35 million, with estimates ranging from $305.61 million to $330.50 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Sailpoint Technologies.

Sailpoint Technologies (NYSE:SAIL) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.01. The firm had revenue of $60.58 million for the quarter, compared to the consensus estimate of $60.26 million. Sailpoint Technologies had a positive return on equity of 3.26% and a negative net margin of 2.14%.

A number of brokerages recently commented on SAIL. Summit Insights began coverage on Sailpoint Technologies in a report on Wednesday, April 17th. They issued a “buy” rating and a $35.00 target price on the stock. Canaccord Genuity reaffirmed a “hold” rating and issued a $20.00 target price (down from $29.00) on shares of Sailpoint Technologies in a report on Thursday, May 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $26.00 target price (down from $30.00) on shares of Sailpoint Technologies in a report on Thursday, May 9th. Piper Jaffray Companies decreased their target price on Sailpoint Technologies from $35.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday, May 9th. Finally, Zacks Investment Research cut Sailpoint Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 8th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $29.67.

In other news, CFO James Cameron Mcmartin sold 14,000 shares of Sailpoint Technologies stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $31.76, for a total value of $444,640.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Thomas Arthur Beck sold 5,200 shares of Sailpoint Technologies stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $31.76, for a total value of $165,152.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 128,400 shares of company stock worth $3,712,230. Insiders own 4.10% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Quantamental Technologies LLC bought a new stake in shares of Sailpoint Technologies in the fourth quarter worth about $68,000. Meeder Asset Management Inc. bought a new stake in shares of Sailpoint Technologies in the fourth quarter worth about $88,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Sailpoint Technologies in the fourth quarter worth about $103,000. Optimum Investment Advisors increased its holdings in shares of Sailpoint Technologies by 18.8% in the first quarter. Optimum Investment Advisors now owns 5,050 shares of the company’s stock worth $145,000 after purchasing an additional 800 shares during the last quarter. Finally, Rehmann Capital Advisory Group bought a new stake in shares of Sailpoint Technologies in the fourth quarter worth about $128,000. 81.00% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SAIL stock traded down $0.30 on Wednesday, reaching $19.18. The stock had a trading volume of 1,361,633 shares, compared to its average volume of 1,464,746. The company has a market cap of $1.73 billion, a P/E ratio of 119.88 and a beta of 1.56. Sailpoint Technologies has a 1 year low of $18.00 and a 1 year high of $34.60.

Sailpoint Technologies Company Profile

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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