Sailpoint Technologies (NYSE:SAIL) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided EPS guidance of ($0.05) for the period, compared to the Thomson Reuters consensus EPS estimate of $0.02. The company issued revenue guidance of $59.7-$61.2 million, compared to the consensus revenue estimate of $65.33 million.Sailpoint Technologies also updated its FY 2019 guidance to $0.14-0.16 EPS.
A number of equities research analysts have recently weighed in on the stock. Monness Crespi & Hardt restated a buy rating and issued a $37.00 price target (up from $30.00) on shares of Sailpoint Technologies in a research note on Wednesday, February 20th. Zacks Investment Research downgraded shares of Sailpoint Technologies from a strong-buy rating to a hold rating in a research note on Wednesday. Northland Securities restated a hold rating and issued a $30.00 price target on shares of Sailpoint Technologies in a research note on Wednesday, March 6th. Summit Insights assumed coverage on shares of Sailpoint Technologies in a research note on Wednesday, April 17th. They issued a buy rating and a $35.00 price target on the stock. Finally, Piper Jaffray Companies restated an overweight rating and issued a $35.00 price target on shares of Sailpoint Technologies in a research note on Wednesday, March 6th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $32.33.
NYSE:SAIL traded down $0.65 during mid-day trading on Wednesday, hitting $27.33. 1,119,591 shares of the company’s stock were exchanged, compared to its average volume of 965,092. Sailpoint Technologies has a fifty-two week low of $20.55 and a fifty-two week high of $34.60. The company has a market cap of $2.48 billion, a PE ratio of 170.81, a P/E/G ratio of 57.00 and a beta of 1.56.
Sailpoint Technologies (NYSE:SAIL) last posted its earnings results on Tuesday, March 5th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.03 by $0.11. Sailpoint Technologies had a negative net margin of 1.27% and a positive return on equity of 4.14%. The business had revenue of $80.59 million for the quarter, compared to the consensus estimate of $71.01 million. On average, equities analysts predict that Sailpoint Technologies will post 0.03 earnings per share for the current fiscal year.
In related news, CEO Mark D. Mcclain sold 33,000 shares of Sailpoint Technologies stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $28.08, for a total transaction of $926,640.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO James Cameron Mcmartin sold 14,000 shares of Sailpoint Technologies stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $27.06, for a total transaction of $378,840.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 172,890 shares of company stock worth $5,126,670. 4.10% of the stock is owned by corporate insiders.
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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