SailPoint Technologies (NYSE:SAIL) Releases FY 2021 Earnings Guidance

SailPoint Technologies (NYSE:SAIL) updated its FY 2021 earnings guidance on Monday. The company provided earnings per share guidance of -0.130–0.050 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.030. The company issued revenue guidance of $404 million-$412 million, compared to the consensus revenue estimate of $411.10 million.SailPoint Technologies also updated its Q2 2021 guidance to -0.070–0.050 EPS.

Several analysts recently weighed in on SAIL shares. Needham & Company LLC upgraded SailPoint Technologies from a hold rating to a buy rating and set a $75.00 price objective for the company in a research report on Monday, March 8th. Wedbush lowered their target price on SailPoint Technologies from $80.00 to $70.00 in a report on Tuesday, May 11th. Truist upped their target price on SailPoint Technologies from $55.00 to $65.00 in a report on Wednesday, January 27th. Jefferies Financial Group lowered their target price on SailPoint Technologies from $70.00 to $60.00 in a report on Tuesday, May 11th. Finally, Monness Crespi & Hardt lowered their target price on SailPoint Technologies from $64.00 to $60.00 and set a buy rating for the company in a report on Tuesday, May 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $57.47.

Shares of SailPoint Technologies stock opened at $45.22 on Monday. SailPoint Technologies has a one year low of $20.29 and a one year high of $64.19. The stock’s 50-day moving average is $49.17 and its 200 day moving average is $51.87. The firm has a market cap of $4.17 billion, a price-to-earnings ratio of -4,517.48 and a beta of 2.01.

SailPoint Technologies (NYSE:SAIL) last announced its quarterly earnings results on Thursday, February 25th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.15. The business had revenue of $103.34 million for the quarter, compared to analyst estimates of $94.69 million. SailPoint Technologies had a positive return on equity of 4.35% and a negative net margin of 0.18%. On average, analysts predict that SailPoint Technologies will post 0.07 earnings per share for the current fiscal year.

In other news, CEO Mark D. Mcclain sold 20,000 shares of SailPoint Technologies stock in a transaction on Thursday, April 15th. The stock was sold at an average price of $49.80, for a total value of $996,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,042,571 shares in the company, valued at $51,920,035.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Christopher Schmitt sold 729 shares of SailPoint Technologies stock in a transaction on Tuesday, February 16th. The shares were sold at an average price of $62.55, for a total value of $45,598.95. Following the completion of the transaction, the general counsel now owns 40,596 shares of the company’s stock, valued at $2,539,279.80. The disclosure for this sale can be found here. Insiders have sold 74,393 shares of company stock valued at $4,252,058 over the last ninety days. 3.40% of the stock is currently owned by company insiders.

SailPoint Technologies Company Profile

SailPoint Technologies Holdings, Inc provides enterprise identity security solutions in the United States, Europe, the Middle East, Africa, and internationally. The company offers software and software as a service (SaaS) solutions, which help organizations to govern the digital identities of employees, contractors, business partners, software bots, and other human and non-human users, as well as manage their constantly changing access rights to enterprise applications and data across hybrid IT environments, spanning on-premises, cloud and mobile applications, and file storage platforms.

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