Brokerages Expect Sailpoint Technologies Holdings Inc (SAIL) to Post -$0.02 EPS

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Equities research analysts predict that Sailpoint Technologies Holdings Inc (NYSE:SAIL) will announce ($0.02) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Sailpoint Technologies’ earnings. The business is expected to report its next earnings results on Wednesday, August 8th.

On average, analysts expect that Sailpoint Technologies will report full-year earnings of $0.08 per share for the current year, with EPS estimates ranging from $0.08 to $0.09. For the next fiscal year, analysts anticipate that the business will post earnings of $0.13 per share, with EPS estimates ranging from $0.10 to $0.15. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Sailpoint Technologies.

Sailpoint Technologies (NYSE:SAIL) last released its quarterly earnings results on Wednesday, May 9th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.05. The company had revenue of $49.70 million for the quarter, compared to analyst estimates of $44.60 million. Sailpoint Technologies’s revenue was up 40.0% on a year-over-year basis.

SAIL has been the topic of several recent research reports. Zacks Investment Research lowered Sailpoint Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, April 25th. KeyCorp reissued an “overweight” rating and set a $22.00 price target (up from $19.00) on shares of Sailpoint Technologies in a research report on Thursday, February 22nd. Canaccord Genuity reissued a “hold” rating and set a $24.00 price target on shares of Sailpoint Technologies in a research report on Wednesday, May 16th. Jefferies Group reissued a “buy” rating and set a $23.00 price target on shares of Sailpoint Technologies in a research report on Thursday, February 22nd. Finally, Needham & Company LLC boosted their price target on Sailpoint Technologies from $21.00 to $23.50 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Sailpoint Technologies has an average rating of “Buy” and an average target price of $24.36.

In other Sailpoint Technologies news, CFO James Cameron Mcmartin sold 23,205 shares of the company’s stock in a transaction that occurred on Tuesday, May 22nd. The stock was sold at an average price of $21.62, for a total value of $501,692.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Thomas Arthur Beck sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 17th. The shares were sold at an average price of $22.42, for a total value of $112,100.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,590,405 shares of company stock worth $446,030,624.

Several hedge funds and other institutional investors have recently modified their holdings of SAIL. Tower Research Capital LLC TRC bought a new stake in shares of Sailpoint Technologies in the 4th quarter valued at approximately $100,000. Thompson Davis & CO. Inc. bought a new stake in shares of Sailpoint Technologies in the 4th quarter valued at approximately $156,000. Citigroup Inc. bought a new stake in shares of Sailpoint Technologies in the 1st quarter valued at approximately $158,000. C M Bidwell & Associates Ltd. bought a new stake in shares of Sailpoint Technologies in the 1st quarter valued at approximately $182,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Sailpoint Technologies in the 1st quarter valued at approximately $237,000. Institutional investors and hedge funds own 25.28% of the company’s stock.

Sailpoint Technologies stock traded down $0.23 during midday trading on Thursday, hitting $26.94. 1,129,663 shares of the company were exchanged, compared to its average volume of 851,244. The firm has a market capitalization of $2.34 billion and a PE ratio of 673.50. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.14 and a current ratio of 2.14. Sailpoint Technologies has a fifty-two week low of $12.82 and a fifty-two week high of $27.55.

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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Earnings History and Estimates for Sailpoint Technologies (NYSE:SAIL)

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