SailPoint Technologies (NYSE:SAIL) Issues FY 2021 Earnings Guidance

SailPoint Technologies (NYSE:SAIL) updated its FY 2021 earnings guidance on Tuesday. The company provided EPS guidance of $-0.130–0.050 for the period, compared to the Thomson Reuters consensus EPS estimate of $-0.030. The company issued revenue guidance of $404 million-412 million, compared to the consensus revenue estimate of $411.10 million.SailPoint Technologies also updated its Q2 2021 guidance to $-0.070–0.050 EPS.

SailPoint Technologies stock traded down $0.21 during trading on Friday, reaching $46.32. The stock had a trading volume of 3,243 shares, compared to its average volume of 1,106,476. The stock has a market capitalization of $4.28 billion, a PE ratio of -232.64 and a beta of 1.88. The firm has a 50 day moving average of $47.41. SailPoint Technologies has a 52-week low of $22.10 and a 52-week high of $64.19.

SAIL has been the topic of several research analyst reports. Zacks Investment Research lowered SailPoint Technologies from a hold rating to a sell rating in a research report on Wednesday, March 3rd. Morgan Stanley increased their target price on SailPoint Technologies from $71.00 to $75.00 and gave the stock an overweight rating in a research note on Monday, March 1st. DA Davidson decreased their target price on shares of SailPoint Technologies from $67.00 to $60.00 in a research report on Wednesday, May 12th. Jefferies Financial Group lowered their price target on SailPoint Technologies from $60.00 to $55.00 and set a buy rating on the stock in a report on Tuesday, May 18th. They noted that the move was a valuation call. Finally, TheStreet cut shares of SailPoint Technologies from a c- rating to a d+ rating in a research note on Tuesday, June 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have given a buy rating to the stock. SailPoint Technologies presently has an average rating of Buy and an average target price of $57.13.

In other SailPoint Technologies news, CEO Mark D. Mcclain sold 20,000 shares of the firm’s stock in a transaction dated Monday, May 17th. The shares were sold at an average price of $44.65, for a total value of $893,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,022,571 shares in the company, valued at $45,657,795.15. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.40% of the company’s stock.

SailPoint Technologies Company Profile

SailPoint Technologies Holdings, Inc provides enterprise identity security solutions in the United States, Europe, the Middle East, Africa, and internationally. The company offers software and software as a service (SaaS) solutions, which help organizations to govern the digital identities of employees, contractors, business partners, software bots, and other human and non-human users, as well as manage their constantly changing access rights to enterprise applications and data across hybrid IT environments, spanning on-premises, cloud and mobile applications, and file storage platforms.

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