Sailpoint Technologies (SAIL) Sees Large Volume Increase

Shares of Sailpoint Technologies Holdings Inc (NYSE:SAIL) saw unusually-high trading volume on Thursday . Approximately 557,729 shares traded hands during mid-day trading, an increase of 13% from the previous session’s volume of 495,036 shares.The stock last traded at $22.79 and had previously closed at $22.65.

SAIL has been the subject of several research analyst reports. KeyCorp reaffirmed an “overweight” rating and issued a $22.00 price objective (up previously from $19.00) on shares of Sailpoint Technologies in a report on Thursday, February 22nd. Zacks Investment Research lowered Sailpoint Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, April 3rd. Jefferies Group reissued a “buy” rating and set a $23.00 price target on shares of Sailpoint Technologies in a report on Thursday, February 22nd. Needham & Company LLC boosted their price target on Sailpoint Technologies from $21.00 to $23.50 and gave the company a “buy” rating in a report on Thursday, February 22nd. Finally, Canaccord Genuity boosted their price target on Sailpoint Technologies from $15.00 to $17.00 and gave the company a “buy” rating in a report on Friday, February 23rd. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Sailpoint Technologies presently has an average rating of “Buy” and a consensus target price of $21.22.

The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.21. The firm has a market cap of $1,782.10 and a PE ratio of 566.25.



Sailpoint Technologies (NYSE:SAIL) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.02. The company had revenue of $67.77 million for the quarter, compared to the consensus estimate of $55.75 million. equities analysts anticipate that Sailpoint Technologies Holdings Inc will post 0.05 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. Gilder Gagnon Howe & Co. LLC bought a new position in shares of Sailpoint Technologies in the fourth quarter worth about $22,033,000. Cortina Asset Management LLC bought a new position in shares of Sailpoint Technologies in the fourth quarter worth about $20,497,000. Thrivent Financial For Lutherans bought a new position in shares of Sailpoint Technologies in the fourth quarter worth about $20,272,000. Keenan Capital LLC bought a new position in shares of Sailpoint Technologies in the fourth quarter worth about $13,050,000. Finally, BlackRock Inc. bought a new position in shares of Sailpoint Technologies in the fourth quarter worth about $8,664,000. 25.03% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: “Sailpoint Technologies (SAIL) Sees Large Volume Increase” was originally reported by Dakota Financial News and is the property of of Dakota Financial News. If you are reading this news story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this news story can be read at https://dakotafinancialnews.com/2018/04/12/sailpoint-technologies-sail-sees-large-volume-increase.html.

About Sailpoint Technologies

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.

Receive News & Ratings for Sailpoint Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sailpoint Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply