Sailpoint Technologies (NYSE:SAIL) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.08-0.09 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.10. The company issued revenue guidance of $70-71.5 million, compared to the consensus revenue estimate of $76.03 million.
SAIL stock traded up $1.81 during mid-day trading on Wednesday, hitting $27.10. 1,803,463 shares of the company were exchanged, compared to its average volume of 975,407. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market capitalization of $2.25 billion and a P/E ratio of 677.50. Sailpoint Technologies has a 1-year low of $12.82 and a 1-year high of $34.60.
Sailpoint Technologies (NYSE:SAIL) last posted its quarterly earnings data on Wednesday, August 8th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.05. The business had revenue of $54.60 million during the quarter, compared to analyst estimates of $50.02 million. The company’s revenue was up 38.9% compared to the same quarter last year. Analysts forecast that Sailpoint Technologies will post -0.08 earnings per share for the current year.
In related news, Director William G. Bock sold 8,000 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $29.44, for a total value of $235,520.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CRO Howard R. Greenfield sold 50,000 shares of the firm’s stock in a transaction on Friday, September 21st. The shares were sold at an average price of $32.43, for a total transaction of $1,621,500.00. The disclosure for this sale can be found here. Insiders sold 16,376,500 shares of company stock valued at $447,729,850 over the last three months. 4.70% of the stock is owned by company insiders.
About Sailpoint Technologies
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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