Sailpoint Technologies (NYSE:SAIL) updated its FY 2019 earnings guidance on Tuesday. The company provided earnings per share guidance of $0.12-0.13 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.15. The company issued revenue guidance of $278.5-281.5 million, compared to the consensus revenue estimate of $279.08 million.Sailpoint Technologies also updated its FY19 guidance to $0.12 to $0.13 EPS.
Several brokerages have recently commented on SAIL. Summit Insights began coverage on Sailpoint Technologies in a research report on Wednesday, April 17th. They issued a buy rating and a $35.00 target price for the company. Royal Bank of Canada reaffirmed a buy rating on shares of Sailpoint Technologies in a research report on Thursday. Northland Securities reaffirmed a hold rating and issued a $23.00 target price on shares of Sailpoint Technologies in a research report on Wednesday, June 12th. Oppenheimer decreased their target price on Sailpoint Technologies from $35.00 to $28.00 and set an outperform rating for the company in a research report on Thursday, May 9th. Finally, TheStreet cut Sailpoint Technologies from a c- rating to a d+ rating in a research report on Thursday, May 9th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Sailpoint Technologies presently has an average rating of Buy and a consensus price target of $28.29.
SAIL traded down $0.57 during trading on Friday, reaching $22.25. 832,115 shares of the stock traded hands, compared to its average volume of 1,311,243. The stock has a market cap of $1.99 billion, a PE ratio of 139.06 and a beta of 2.13. Sailpoint Technologies has a fifty-two week low of $16.63 and a fifty-two week high of $34.60. The firm’s 50-day moving average price is $20.66.
Sailpoint Technologies (NYSE:SAIL) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The firm had revenue of $63.05 million for the quarter, compared to analyst estimates of $60.43 million. Sailpoint Technologies had a negative net margin of 3.39% and a positive return on equity of 2.01%. Sailpoint Technologies’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.03 EPS. Equities research analysts predict that Sailpoint Technologies will post -0.07 earnings per share for the current fiscal year.
In other Sailpoint Technologies news, CRO Howard R. Greenfield sold 1,910 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $20.15, for a total transaction of $38,486.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CRO Howard R. Greenfield sold 30,833 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $22.00, for a total value of $678,326.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 77,444 shares of company stock valued at $1,594,987. 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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