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.
Analyst Ratings Changes
A number of equities analysts have commented on the company. DA Davidson cut SailPoint Technologies from a "buy" rating to a "neutral" rating in a research note on Monday, April 11th. Royal Bank of Canada cut SailPoint Technologies from an "outperform" rating to a "sector perform" rating and set a $65.25 target price on the stock. in a research note on Tuesday, April 12th. Canaccord Genuity Group reissued a "hold" rating and set a $65.25 target price on shares of SailPoint Technologies in a research note on Tuesday, April 12th. Wedbush reissued a "neutral" rating and set a $65.00 target price on shares of SailPoint Technologies in a research note on Tuesday, April 12th. Finally, Truist Financial cut SailPoint Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, April 13th. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $62.40.
SailPoint Technologies Stock Up 0.3 %
Shares of SAIL Stock opened at $64.49 on Monday. The stock has a market cap of $6.08 billion, a price-to-earnings ratio of -76.77 and a beta of 1.41. The business's fifty day moving average is $62.91 and its 200 day moving average is $55.18. SailPoint Technologies has a twelve month low of $34.98 and a twelve month high of $64.49.
SailPoint Technologies (NYSE:SAIL - Get Rating) last released its earnings results on Thursday, May 5th. The company reported ($0.26) EPS for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.03). SailPoint Technologies had a negative return on equity of 13.41% and a negative net margin of 17.13%. The company had revenue of $115.40 million during the quarter, compared to analysts' expectations of $111.84 million. During the same period in the prior year, the company posted ($0.12) earnings per share. The company's revenue was up 27.1% on a year-over-year basis. Equities research analysts expect that SailPoint Technologies will post -0.78 earnings per share for the current fiscal year.