Canaccord Genuity assumed coverage on shares of SailPoint Technologies (NYSE:SAIL) in a research report issued on Tuesday, The Fly reports. The brokerage set a “hold” rating on the stock.

Several other research firms have also issued reports on SAIL. Jefferies Group assumed coverage on SailPoint Technologies in a research note on Tuesday. They set a “buy” rating on the stock. KeyCorp assumed coverage on SailPoint Technologies in a research note on Tuesday. They set an “overweight” rating on the stock. Citigroup began coverage on SailPoint Technologies in a research note on Tuesday. They set a “buy” rating on the stock. Finally, Morgan Stanley began coverage on SailPoint Technologies in a research report on Tuesday. They issued an “equal weight” rating on the stock. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy”.

SailPoint Technologies (NYSE SAIL) opened at $14.83 on Tuesday. SailPoint Technologies has a twelve month low of $12.82 and a twelve month high of $16.36.

In other news, CEO Mark D. Mcclain sold 300,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $12.00, for a total value of $3,600,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Thoma Bravo, Llc sold 5,000,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $11.16, for a total value of $55,800,000.00. The disclosure for this sale can be found here. Insiders sold a total of 6,800,000 shares of company stock worth $76,140,000 over the last quarter.

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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.

The Fly

Analyst Recommendations for SailPoint Technologies (NYSE:SAIL)

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