Thursday, January 21, 2021

SailPoint Technologies Holdings Inc. [SAIL] Revenue clocked in at $303.40 million, down -5.76% YTD: What’s Next?

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SailPoint Technologies Holdings Inc. [NYSE: SAIL] traded at a low on 06/11/20, posting a -8.02 loss after which it closed the day’ session at $22.24. The results of the trading session contributed to over 1178142 shares changing hands. Over the past one week, the price volatility of SailPoint Technologies Holdings Inc. stands at 4.34% while the volatility over the past one month is 3.95%.

The market cap for SAIL stock reached $1.99 billion, with 89.86 million shares outstanding and 86.68 million shares in the current float. Compared to the average trading volume of 1.42M shares, SAIL reached a trading volume of 1178142 in the most recent trading day, which is why market watchdogs consider the stock to be active.


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What do top market gurus say about SailPoint Technologies Holdings Inc. [SAIL]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SAIL shares is $25.23 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SAIL stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Needham have made an estimate for SailPoint Technologies Holdings Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on May 04, 2020. While these analysts kept the previous recommendation, DA Davidson raised their target price from $17 to $18. The new note on the price target was released on April 09, 2020, representing the official price target for SailPoint Technologies Holdings Inc. stock. Previously, the target price had yet another raise to $15, while Goldman analysts kept a Sell rating on SAIL stock.

The Average True Range (ATR) for SailPoint Technologies Holdings Inc. is set at 1.02, with the Price to Sales ratio for SAIL stock in the period of the last 12 months amounting to 6.57. The Price to Book ratio for the last quarter was 4.61, with the Price to Cash per share for the same quarter was set at 5.15. Price to Free Cash Flow for SAIL in the course of the last twelve months was 44.10 with Quick ratio for the last quarter at 3.80.

How has SAIL stock performed recently?

SailPoint Technologies Holdings Inc. [SAIL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.63. With this latest performance, SAIL shares gained by 4.61% in over the last four-week period, additionally sinking by -6.71% over the last 6 months – not to mention a rise of 26.29% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SAIL stock in for the last two-week period is set at 52.85, with the RSI for the last a single of trading hit 46.75, and the three-weeks RSI is set at 54.64 for SailPoint Technologies Holdings Inc. [SAIL]. The present Moving Average for the last 50 days of trading for this stock 19.39, while it was recorded at 23.30 for the last single week of trading, and 21.45 for the last 200 days.

SailPoint Technologies Holdings Inc. [SAIL]: Deeper insight into the fundamentals

SailPoint Technologies Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.80 and a Current Ratio set at 3.80.

Earnings analysis for SailPoint Technologies Holdings Inc. [SAIL]

With the latest financial reports released by the company, SailPoint Technologies Holdings Inc. posted -0.01/share EPS, while the average EPS was predicted by analysts to be reported at -0.05/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 80.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SAIL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for SailPoint Technologies Holdings Inc. go to 15.00%.

Insider trade positions for SailPoint Technologies Holdings Inc. [SAIL]

There are presently around $2,168 million, in the hands of institutional investors. The top three institutional holders of SAIL stocks are: VANGUARD GROUP INC with ownership of 8,185,694, which is approximately 2.701% of the company’s market cap and around 2.40% of the total institutional ownership; BLACKROCK INC., holding 6,322,492 shares of the stock with an approximate value of $152.88 million in SAIL stocks shares; and SOMA EQUITY PARTNERS LP, currently with $128.15 million in SAIL stock with ownership of nearly 32.5% of the company’s market capitalization.

83 institutional holders increased their position in SailPoint Technologies Holdings Inc. [NYSE:SAIL] by around 10,213,218 shares. Additionally, 111 investors decreased positions by around 10,667,029 shares, while 21 investors held positions by with 68,783,047 shares. The mentioned changes placed institutional holdings at 89,663,294 shares, according to the latest SEC report filing. SAIL stock had 28 new institutional investments in for a total of 2,928,853 shares, while 42 institutional investors sold positions of 3,582,430 shares during the same period.

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