Sailpoint Technologies (NYSE:SAIL) Releases Q4 Earnings Guidance

Sailpoint Technologies (NYSE:SAIL) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.07-0.08 for the period, compared to the Thomson Reuters consensus estimate of $0.12. The company issued revenue guidance of $84.5-86.0 million, compared to the consensus revenue estimate of $85.87 million.

A number of research firms recently issued reports on SAIL. Wedbush began coverage on shares of Sailpoint Technologies in a research note on Thursday. They issued an outperform rating and a $32.00 price target for the company. Canaccord Genuity increased their price target on shares of Sailpoint Technologies from $18.00 to $22.00 and gave the stock a hold rating in a research note on Thursday. Piper Jaffray Companies began coverage on shares of Sailpoint Technologies in a research note on Friday. They issued an overweight rating and a $30.00 price target for the company. Rosenblatt Securities reissued a hold rating and issued a $23.00 price target on shares of Sailpoint Technologies in a research note on Thursday. Finally, Zacks Investment Research downgraded shares of Sailpoint Technologies from a buy rating to a hold rating in a research note on Friday, October 4th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Sailpoint Technologies has an average rating of Buy and an average target price of $27.40.

Shares of SAIL opened at $22.99 on Friday. The stock has a market cap of $1.79 billion, a PE ratio of 143.69 and a beta of 2.01. Sailpoint Technologies has a fifty-two week low of $16.63 and a fifty-two week high of $32.25. The firm’s 50-day simple moving average is $19.25 and its two-hundred day simple moving average is $20.73.

Sailpoint Technologies (NYSE:SAIL) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.11. The business had revenue of $75.88 million for the quarter, compared to analysts’ expectations of $70.50 million. Sailpoint Technologies had a negative net margin of 3.39% and a positive return on equity of 1.99%. The business’s revenue was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.12 earnings per share. On average, sell-side analysts forecast that Sailpoint Technologies will post -0.09 EPS for the current fiscal year.

In other news, COO James Cameron Mcmartin sold 60,000 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $18.52, for a total transaction of $1,111,200.00. Also, Director James Michael Pflaging sold 4,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $21.78, for a total transaction of $87,120.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 256,000 shares of company stock worth $5,075,760. Corporate insiders own 4.10% of the company’s stock.

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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