RBC Capital analyst Matthew Hedberg reiterated a Buy rating on SailPoint Technologies Holdings Inc (NYSE: SAIL) yesterday and set a price target of $33. The company’s shares closed yesterday at $29.20, close to its 52-week high of $30.39.
According to TipRanks.com, Hedberg is a top 25 analyst with an average return of 33.0% and a 81.5% success rate. Hedberg covers the Technology sector, focusing on stocks such as Altair Engineering Inc, Varonis Systems, and Citrix Systems.
SailPoint Technologies Holdings Inc has an analyst consensus of Strong Buy, with a price target consensus of $31, representing a 6.2% upside. In a report released yesterday, KeyBanc also maintained a Buy rating on the stock with a $32 price target.
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The company has a one-year high of $30.39 and a one-year low of $12.82. Currently, SailPoint Technologies Holdings Inc has an average volume of 1.19M.
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock.
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SailPoint Technologies Holdings, Inc. engages in the provision of enterprise identity governance solutions. It operates through the following geographical segments: United States; EMAE or Europe, the Middle East, and Africa; and Rest of the World. It also offers licensing of software, sale of professional services, maintenance, and technical support.
