Zacks: Analysts Anticipate SailPoint Technologies Holdings, Inc. (NYSE:SAIL) to Announce -$0.06 Earnings Per Share

Equities analysts expect that SailPoint Technologies Holdings, Inc. (NYSE:SAIL) will report earnings of ($0.06) per share for the current quarter, according to Zacks. Five analysts have made estimates for SailPoint Technologies’ earnings, with the lowest EPS estimate coming in at ($0.07) and the highest estimate coming in at ($0.05). SailPoint Technologies posted earnings of $0.15 per share during the same quarter last year, which would suggest a negative year over year growth rate of 140%. The business is scheduled to report its next earnings results on Thursday, August 5th.

On average, analysts expect that SailPoint Technologies will report full year earnings of ($0.09) per share for the current year, with EPS estimates ranging from ($0.13) to ($0.07). For the next fiscal year, analysts anticipate that the firm will report earnings of ($0.02) per share, with EPS estimates ranging from ($0.10) to $0.07. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow SailPoint Technologies.

A number of brokerages have recently issued reports on SAIL. Wedbush dropped their price objective on shares of SailPoint Technologies from $80.00 to $70.00 in a research note on Tuesday, May 11th. Needham & Company LLC upgraded shares of SailPoint Technologies from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Monday, March 1st. Jefferies Financial Group lowered their price objective on shares of SailPoint Technologies from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Tuesday, May 18th. They noted that the move was a valuation call. Monness Crespi & Hardt lowered their price objective on shares of SailPoint Technologies from $64.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, May 11th. Finally, TheStreet lowered shares of SailPoint Technologies from a “c-” rating to a “d+” rating in a research note on Tuesday, June 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $57.13.

SailPoint Technologies stock traded up $0.77 during mid-day trading on Thursday, reaching $53.22. The company had a trading volume of 1,310,664 shares, compared to its average volume of 1,111,249. SailPoint Technologies has a 52 week low of $25.67 and a 52 week high of $64.19. The stock’s 50 day simple moving average is $47.13. The stock has a market cap of $4.91 billion, a price-to-earnings ratio of -262.24 and a beta of 1.88.

In related news, Director William G. Bock sold 2,500 shares of the business’s stock in a transaction on Monday, June 14th. The shares were sold at an average price of $47.10, for a total transaction of $117,750.00. Following the transaction, the director now directly owns 85,361 shares in the company, valued at $4,020,503.10. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Mark D. Mcclain sold 20,000 shares of the business’s stock in a transaction on Monday, May 17th. The stock was sold at an average price of $44.65, for a total transaction of $893,000.00. Following the transaction, the chief executive officer now owns 1,022,571 shares in the company, valued at $45,657,795.15. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,500 shares of company stock worth $2,006,750. 2.40% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. LPL Financial LLC bought a new position in SailPoint Technologies during the fourth quarter worth $1,756,000. New York State Common Retirement Fund boosted its position in SailPoint Technologies by 5.7% during the fourth quarter. New York State Common Retirement Fund now owns 110,630 shares of the company’s stock worth $5,890,000 after purchasing an additional 5,931 shares during the period. Xponance Inc. bought a new position in SailPoint Technologies during the fourth quarter worth $644,000. Chartwell Investment Partners LLC boosted its position in SailPoint Technologies by 84.6% during the first quarter. Chartwell Investment Partners LLC now owns 24,580 shares of the company’s stock worth $1,245,000 after purchasing an additional 11,267 shares during the period. Finally, ExodusPoint Capital Management LP boosted its position in SailPoint Technologies by 274.5% during the fourth quarter. ExodusPoint Capital Management LP now owns 133,536 shares of the company’s stock worth $7,109,000 after purchasing an additional 97,880 shares during the period.

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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