Sailpoint Technologies (SAIL) Issues Q4 Earnings Guidance

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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.

A number of analysts have recently issued reports on the stock. KeyCorp lifted their price objective on shares of Sailpoint Technologies from $28.00 to $32.00 and gave the company an overweight rating in a report on Thursday, August 9th. Zacks Investment Research upgraded shares of Sailpoint Technologies from a hold rating to a buy rating and set a $36.00 price objective on the stock in a report on Thursday, October 4th. Citigroup lifted their price objective on shares of Sailpoint Technologies from $33.00 to $36.00 and gave the company a buy rating in a report on Thursday, August 9th. Goldman Sachs Group assumed coverage on shares of Sailpoint Technologies in a report on Tuesday, August 21st. They issued a neutral rating and a $32.00 price objective on the stock. Finally, Morgan Stanley set a $28.00 price objective on shares of Sailpoint Technologies and gave the company a hold rating in a report on Friday, October 19th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $31.69.

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.

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

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