SailPoint Technologies Holdings, Inc. (NYSE:SAIL) has been assigned a consensus rating of “Buy” from the seven research firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $18.00.

A number of equities analysts have recently commented on SAIL shares. Jefferies Group started coverage on SailPoint Technologies in a research note on Tuesday, December 12th. They issued a “buy” rating and a $18.00 price objective on the stock. Citigroup started coverage on SailPoint Technologies in a research note on Tuesday, December 12th. They issued a “buy” rating and a $20.00 price objective on the stock. Royal Bank of Canada started coverage on SailPoint Technologies in a research note on Tuesday, December 12th. They issued an “outperform” rating on the stock. Oppenheimer started coverage on SailPoint Technologies in a research note on Tuesday, December 12th. They issued a “buy” rating and a $20.00 price objective on the stock. Finally, KeyCorp started coverage on SailPoint Technologies in a research note on Tuesday, December 12th. They issued an “overweight” rating and a $19.00 price objective on the stock.

In related news, CEO Mark D. Mcclain sold 300,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $12.00, for a total transaction of $3,600,000.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, 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 disclosure for this sale can be found here. Insiders have sold 6,800,000 shares of company stock worth $76,140,000 over the last 90 days.

SailPoint Technologies (NYSE:SAIL) opened at $14.65 on Friday. The company has a market capitalization of $1,230.00 and a PE ratio of -73.25. SailPoint Technologies has a 12 month low of $12.82 and a 12 month high of $16.36.

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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.

Analyst Recommendations for SailPoint Technologies (NYSE:SAIL)

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