Sailpoint Technologies Holdings Inc Expected to Post Q4 2019 Earnings of $0.09 Per Share (SAIL)

Sailpoint Technologies Holdings Inc (NYSE:SAIL) – Analysts at KeyCorp increased their Q4 2019 earnings estimates for Sailpoint Technologies in a report issued on Wednesday, May 15th. KeyCorp analyst R. Owens now expects that the company will post earnings of $0.09 per share for the quarter, up from their previous forecast of $0.08. KeyCorp has a “In-Line” rating and a $28.00 price target on the stock. KeyCorp also issued estimates for Sailpoint Technologies’ Q3 2020 earnings at $0.06 EPS, Q4 2020 earnings at $0.20 EPS and FY2020 earnings at $0.17 EPS.

Sailpoint Technologies (NYSE:SAIL) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.01. The firm had revenue of $60.58 million during the quarter, compared to the consensus estimate of $60.26 million. Sailpoint Technologies had a negative net margin of 2.14% and a positive return on equity of 3.26%.

SAIL has been the subject of several other reports. Zacks Investment Research upgraded shares of Sailpoint Technologies from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Thursday, March 7th. Monness Crespi & Hardt restated a “buy” rating and set a $37.00 price objective (up from $30.00) on shares of Sailpoint Technologies in a research report on Wednesday, February 20th. BTIG Research cut their price objective on shares of Sailpoint Technologies from $27.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Northland Securities restated a “hold” rating and set a $30.00 price objective on shares of Sailpoint Technologies in a research report on Wednesday, March 6th. Finally, ValuEngine downgraded shares of Sailpoint Technologies from a “buy” rating to a “hold” rating in a research report on Friday, May 10th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $29.67.

Shares of SAIL stock opened at $19.18 on Monday. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 119.88 and a beta of 1.56. Sailpoint Technologies has a 12-month low of $18.00 and a 12-month high of $34.60.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SAIL. Citigroup Inc. raised its position in Sailpoint Technologies by 75.4% during the fourth quarter. Citigroup Inc. now owns 37,106 shares of the company’s stock valued at $872,000 after purchasing an additional 15,949 shares in the last quarter. Two Sigma Advisers LP raised its position in Sailpoint Technologies by 126.1% during the fourth quarter. Two Sigma Advisers LP now owns 64,000 shares of the company’s stock valued at $1,503,000 after purchasing an additional 35,700 shares in the last quarter. Chartwell Investment Partners LLC raised its position in Sailpoint Technologies by 36.9% during the fourth quarter. Chartwell Investment Partners LLC now owns 170,437 shares of the company’s stock valued at $4,004,000 after purchasing an additional 45,949 shares in the last quarter. Vanguard Group Inc. raised its position in Sailpoint Technologies by 42.6% during the third quarter. Vanguard Group Inc. now owns 5,953,503 shares of the company’s stock valued at $202,538,000 after purchasing an additional 1,778,907 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Sailpoint Technologies by 1.4% during the fourth quarter. Bank of New York Mellon Corp now owns 296,741 shares of the company’s stock valued at $6,971,000 after purchasing an additional 4,122 shares in the last quarter. Institutional investors own 81.00% of the company’s stock.

In other news, CAO Thomas Arthur Beck sold 5,200 shares of Sailpoint Technologies stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $31.76, for a total value of $165,152.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark D. Mcclain sold 33,000 shares of Sailpoint Technologies stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $28.89, for a total transaction of $953,370.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 128,400 shares of company stock valued at $3,712,230. 4.10% of the stock is owned by company insiders.

Sailpoint Technologies Company Profile

SailPoint Technologies Holdings, Inc designs, develops, and markets identity governance software solutions in North America, Europe, and the Asia Pacific. The company offers on-premises software and cloud-based solutions, which empower organizations to govern the digital identities of employees, contractors, business partners, and other users, as well as manage their constantly changing access rights to enterprise applications and data across hybrid IT environments.

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Earnings History and Estimates for Sailpoint Technologies (NYSE:SAIL)

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