SailPoint Technologies - SAIL Stock Forecast, Price & News

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SailPoint Technologies in the last twelve months. There are currently 11 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SAIL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SAIL, but not buy additional shares or sell existing shares.
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14 Wall Street analysts have issued 12 month target prices for SailPoint Technologies' stock. Their SAIL share price forecasts range from $40.00 to $73.00. On average, they anticipate the company's share price to reach $61.25 in the next year. This suggests that the stock has a possible downside of 6.1%.
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SailPoint Technologies' stock was trading at $48.34 at the start of the year. Since then, SAIL stock has increased by 35.0% and is now trading at $65.24.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
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SailPoint Technologies Holdings, Inc. (NYSE:SAIL) issued its quarterly earnings data on Tuesday, August, 9th. The company reported ($0.02) earnings per share for the quarter, topping analysts' consensus estimates of ($0.09) by $0.07. The firm had revenue of $134.28 million for the quarter, compared to analyst estimates of $123.19 million. SailPoint Technologies had a negative net margin of 18.58% and a negative trailing twelve-month return on equity of 15.79%. The company's revenue was up 31.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.13) earnings per share.

160 employees have rated SailPoint Technologies Chief Executive Officer Mark McClain on Glassdoor.com. Mark McClain has an approval rating of 94% among the company's employees. This puts Mark McClain in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other SailPoint Technologies investors own include NVIDIA (NVDA), Trade Desk (TTD), Advanced Micro Devices (AMD), PayPal (PYPL), Mastercard (MA), QUALCOMM (QCOM), Walt Disney (DIS), Block (SQ), Adobe (ADBE) and AT&T (T).

(SAIL) raised $200 million in an initial public offering on Friday, November 17th 2017. The company issued 20,000,000 shares at a price of $9.00-$11.00 per share. Morgan Stanley, Citigroup, Jefferies and RBC Capital Markets acted as the underwriters for the IPO and KeyBanc Capital Markets, Canaccord Genuity and Oppenheimer were co-managers.

SailPoint Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "SAIL."

SailPoint Technologies' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Pentwater Capital Management LP (2.85%), Goldman Sachs Group Inc. (2.05%), Deutsche Bank AG (1.97%), Segantii Capital Management Ltd (1.93%), Renaissance Technologies LLC (1.92%) and Westchester Capital Management LLC (1.63%). Insiders that own company stock include Christopher Schmitt, Eric Domagalski, Grady Summers, Heidi M Melin, James Cameron Mcmartin, James Michael Pflaging, Jason Ream, Juliette Rizkallah, Mark D Mcclain, Matt Mills, Michael J Sullivan, Tracey Newell and William G Bock.
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Shares of SAIL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SAIL stock can currently be purchased for approximately $65.24.

SailPoint Technologies (NYSE:SAIL) has a market capitalization of $6.19 billion and generates $438.95 million in revenue each year. The company earns $-61,630,000.00 in net income (profit) each year or ($0.97) on an earnings per share basis.

The company employs 1,676 workers across the globe.

SailPoint Technologies' mailing address is 11305 FOUR POINTS DRIVE BLDG. 2 SUITE 100, AUSTIN TX, 78726. The official website for the company is www.sailpoint.com. The company can be reached via phone at (512) 346-2000 or via email at investor@sailpoint.com.