News articles about SailPoint Technologies (NYSE:SAIL) have trended somewhat positive on Saturday, according to Accern. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. SailPoint Technologies earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave news coverage about the company an impact score of 46.3508783946861 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment’s analysis:
SAIL has been the topic of several research reports. Oppenheimer began coverage on shares of SailPoint Technologies in a report on Tuesday, December 12th. They issued a “buy” rating and a $20.00 target price on the stock. Citigroup began coverage on shares of SailPoint Technologies in a research note on Tuesday, December 12th. They set a “buy” rating and a $20.00 price target on the stock. KeyCorp started coverage on shares of SailPoint Technologies in a research note on Tuesday, December 12th. They set an “overweight” rating and a $19.00 price target on the stock. Morgan Stanley started coverage on shares of SailPoint Technologies in a research note on Tuesday, December 12th. They set an “equal weight” rating and a $16.00 target price on the stock. Finally, Royal Bank of Canada began coverage on shares of SailPoint Technologies in a research note on Tuesday, December 12th. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $18.00.
SailPoint Technologies (NYSE SAIL) traded up $0.36 during trading on Friday, hitting $16.45. 200,475 shares of the stock were exchanged, compared to its average volume of 389,573. SailPoint Technologies has a 12-month low of $12.82 and a 12-month high of $16.50. The company has a market cap of $1,410.00 and a P/E ratio of -82.25.
In other SailPoint Technologies news, major shareholder Thoma Bravo, Llc sold 5,000,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $11.16, for a total value of $55,800,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark D. Mcclain sold 300,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $12.00, for a total transaction of $3,600,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 6,800,000 shares of company stock worth $76,140,000 over the last quarter.
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About SailPoint Technologies
SailPoint Technologies Holdings, Inc is a provider of enterprise identity governance solutions. The Company is focused on providing SailPoint that empowers customers to efficiently and securely govern the digital identities of employees, contractors, business partners and other users, and manage their constantly changing access rights to enterprise applications and data.
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