Sailpoint Technologies (NYSE:SAIL) issued its earnings results on Monday. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.13, Bloomberg Earnings reports. The company had revenue of $89.00 million for the quarter, compared to the consensus estimate of $85.61 million. Sailpoint Technologies had a positive return on equity of 0.96% and a negative net margin of 2.95%. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 EPS.
Shares of Sailpoint Technologies stock opened at $25.27 on Thursday. The stock has a market capitalization of $2.18 billion, a P/E ratio of -252.67 and a beta of 2.07. The company has a quick ratio of 4.25, a current ratio of 3.39 and a debt-to-equity ratio of 0.71. The stock has a 50 day moving average price of $25.37 and a two-hundred day moving average price of $22.79. Sailpoint Technologies has a 12-month low of $16.63 and a 12-month high of $31.94.
A number of brokerages have recently weighed in on SAIL. Piper Jaffray Companies began coverage on Sailpoint Technologies in a report on Friday, November 8th. They issued an “overweight” rating and a $30.00 target price on the stock. TheStreet upgraded Sailpoint Technologies from a “d” rating to a “c-” rating in a report on Monday, November 25th. DA Davidson began coverage on Sailpoint Technologies in a report on Monday, January 13th. They issued a “neutral” rating and a $24.00 price objective on the stock. SunTrust Banks restated a “buy” rating and issued a $32.00 price objective on shares of Sailpoint Technologies in a report on Wednesday, November 27th. Finally, Rosenblatt Securities restated a “hold” rating and issued a $23.00 price objective on shares of Sailpoint Technologies in a report on Tuesday. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $27.13.
In other Sailpoint Technologies news, CEO Mark D. Mcclain sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $23.62, for a total transaction of $472,400.00. Following the completion of the sale, the chief executive officer now owns 1,393,739 shares of the company’s stock, valued at $32,920,115.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James Cameron Mcmartin sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $25.54, for a total value of $383,100.00. Following the sale, the director now directly owns 198,577 shares of the company’s stock, valued at approximately $5,071,656.58. The disclosure for this sale can be found here. Insiders have sold 70,000 shares of company stock valued at $1,719,800 in the last ninety days. Company insiders own 4.10% of the company’s stock.
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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