SailPoint Technologies Holdings, Inc. provides enterprise identity security solutions in the United States, Europe, the Middle East, Africa, and internationally. The company offers software as a service (SaaS) and software platforms, which provide organizations visibility and the intelligence required to empower users and manage their access to systems, applications, and data across hybrid information technology environments, spanning on-premises, cloud and mobile applications, and file storage platforms. Its solutions include IdentityNow, a cloud-based multi-tenant identity security platform; IdentityIQ, an on-premises identity security solution; and SailPoint Identity Services, a multi-tenant SaaS subscription service. The company sells its products and solutions to commercial enterprises, financial institutions, and governments directly, as well as through system integrators, technology partners, and value-added resellers. SailPoint Technologies Holdings, Inc. was founded in 2004 and is headquartered in Austin, Texas.
SailPoint Technologies Stock Performance
Shares of SailPoint Technologies stock remained flat at $65.24 during mid-day trading on Friday. The stock has a 50-day moving average price of $63.15 and a 200-day moving average price of $56.63. SailPoint Technologies has a 12 month low of $34.98 and a 12 month high of $65.24. The firm has a market capitalization of $6.19 billion, a price-to-earnings ratio of -67.26 and a beta of 1.41.
SailPoint Technologies (NYSE:SAIL - Get Rating) last issued its quarterly earnings data on Tuesday, August 9th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.07. SailPoint Technologies had a negative net margin of 18.58% and a negative return on equity of 15.79%. The firm had revenue of $134.28 million for the quarter, compared to analyst estimates of $123.19 million. During the same period in the prior year, the business posted ($0.13) EPS. The business's revenue for the quarter was up 31.0% compared to the same quarter last year. On average, analysts expect that SailPoint Technologies will post -0.78 EPS for the current year.
Wall Street Analysts Forecast Growth
Separately, Wells Fargo & Company raised shares of SailPoint Technologies from an "equal weight" rating to an "overweight" rating and set a $65.25 price objective for the company in a research note on Friday, May 6th. Eleven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, SailPoint Technologies has an average rating of "Hold" and a consensus price target of $62.40.