News coverage about Sailpoint Technologies (NYSE:SAIL) has trended somewhat positive on Sunday, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sailpoint Technologies earned a news impact score of 0.16 on Accern’s scale. Accern also gave news articles about the company an impact score of 45.961241172948 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Several research firms have recently issued reports on SAIL. Zacks Investment Research raised Sailpoint Technologies from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Saturday. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price target (up previously from $23.50) on shares of Sailpoint Technologies in a research report on Monday, March 26th. KeyCorp lifted their price target on Sailpoint Technologies from $22.00 to $26.00 and gave the stock an “overweight” rating in a research report on Monday, March 19th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $21.00 price target on shares of Sailpoint Technologies in a research report on Friday, February 23rd. Finally, Canaccord Genuity lifted their price target on Sailpoint Technologies from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $21.22.
NYSE:SAIL traded down $0.50 during mid-day trading on Friday, reaching $20.39. The company’s stock had a trading volume of 299,827 shares, compared to its average volume of 700,051. Sailpoint Technologies has a 12-month low of $12.82 and a 12-month high of $23.93. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.99 and a current ratio of 1.99. The firm has a market cap of $1,744.45 and a price-to-earnings ratio of 509.75.
Sailpoint Technologies (NYSE:SAIL) last issued its earnings results on Wednesday, February 21st. The company reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.02. The business had revenue of $67.77 million during the quarter, compared to analysts’ expectations of $55.75 million. research analysts predict that Sailpoint Technologies will post 0.05 earnings per share for the current year.
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Sailpoint Technologies Company Profile
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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