Royal Bank Of Canada Lowers SailPoint (NASDAQ:SAIL) Price Target to $19.00
SailPoint Technologies Holdings Inc. (NASDAQ:SAIL) had its price objective decreased by stock analysts at Royal Bank Of Canada from $23.00 to $19.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 50.03% from the company’s previous close.
Analyst Ratings for SailPoint Technologies Holdings Inc.
Several other equities analysts have also recently issued reports on SAIL. Wells Fargo & Company reduced their target price on SailPoint from $17.00 to $16.00 and set an “overweight” rating on the stock in a research note on Thursday. BMO Capital Markets reiterated an “outperform” rating on shares of SailPoint in a report on Thursday, December 11th. Robert W. Baird reduced their price objective on shares of SailPoint from $26.00 to $22.00 and set an “outperform” rating on the stock in a research report on Thursday. TD Cowen dropped their target price on shares of SailPoint from $30.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. Finally, BTIG Research reduced their price target on shares of SailPoint from $22.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday.
According to data from MarketBeat, SailPoint currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.39. To learn more about stock market analysis and how to make informed investment decisions, visit our website.
SailPoint Technologies Holdings Inc. Stock Performance
Shares of SailPoint stock traded up $0.19 during trading on Thursday, reaching $12.66. 1,464,737 shares of the stock were exchanged, compared to its average volume of 2,925,272. The stock’s fifty day moving average is $15.94 and its 200 day moving average is $19.19. The firm has a market cap of $7.11 billion and a price-to-earnings ratio of -2.66. SailPoint has a 1 year low of $11.92 and a 1 year high of $24.95.
To stay up-to-date with the latest stock market news and trends, follow our blog. We provide in-depth analysis and insights to help you make informed investment decisions.
Insider Transactions at SailPoint Technologies Holdings Inc.
In other SailPoint news, General Counsel Christopher Schmitt sold 11,908 shares of the firm’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $19.23, for a total transaction of $228,990.84. Following the completion of the transaction, the general counsel owned 1,057,956 shares of the company’s stock, valued at approximately $20,344,493.88. This trade represents a 1.11% decrease in their ownership of the stock.
For more information on insider transactions and their impact on stock prices, read our latest article.
Hedge Funds and Institutional Investors
A number of hedge funds and other institutional investors have recently bought and sold shares of SAIL. Aster Capital Management DIFC Ltd bought a new position in shares of SailPoint during the third quarter valued at approximately $31,000. Loomis Sayles & Co. L P bought a new stake in shares of SailPoint in the 2nd quarter worth approximately $42,000.
To learn more about hedge funds and institutional investors and their role in the stock market, visit our website.
SailPoint Technologies Holdings Inc. Company Profile
SailPoint Technologies Holdings Inc (NASDAQ:SAIL) is a leading provider of enterprise identity governance solutions that enable organizations to manage and secure user access across on-premises, cloud and hybrid IT environments. Its software automates identity lifecycle management, access certifications, policy enforcement and privileged account governance, helping enterprises reduce security risks, maintain regulatory compliance and streamline IT operations.
The company’s flagship offerings include IdentityIQ, a comprehensive on-premises platform, and IdentityNow, a cloud-native identity governance-as-a-service solution. Founded in 2005 by industry veterans Mark McClain and Kevin Cunningham, SailPoint is headquartered in Austin, Texas.
For more information on company profiles and how to research stocks, read our latest article.