SailPoint Technologies (SAIL) Now Covered by Analysts at Citigroup

Equities researchers at Citigroup started coverage on shares of SailPoint Technologies (NYSE:SAIL) in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $20.00 price target on the stock. Citigroup’s price objective would suggest a potential upside of 39.47% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. Jefferies Group started coverage on SailPoint Technologies in a report on Tuesday, December 12th. They set a “buy” rating and a $18.00 target price on the stock. KeyCorp started coverage on SailPoint Technologies in a report on Tuesday, December 12th. They set an “overweight” rating and a $19.00 target price on the stock. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $18.00.

Shares of SailPoint Technologies (SAIL) traded down $0.30 during trading hours on Tuesday, hitting $14.34. The company had a trading volume of 423,587 shares, compared to its average volume of 1,604,266. SailPoint Technologies has a 1-year low of $12.82 and a 1-year high of $16.36.

In other SailPoint Technologies news, major shareholder Thoma Bravo, Llc sold 5,000,000 shares of SailPoint Technologies stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $11.16, for a total transaction of $55,800,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Mark D. Mcclain sold 300,000 shares of SailPoint Technologies stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $12.00, for a total value 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 90 days.

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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.

Analyst Recommendations for SailPoint Technologies (NYSE:SAIL)

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