SailPoint Technologies Holdings Inc (SAIL) Receives a Hold from Northland Securities


Northland Securities analyst Tim Klasell maintained a Hold rating on SailPoint Technologies Holdings Inc (SAIL) today and set a price target of $23. The company’s shares closed yesterday at $27.33.

Klasell wrote:

“Weakness was spread evenly across the business with no particular product or vertical or geography to point the finger at. Adj. operating income and non- GAAP EPS guided to $0.15/$17.9mn at the midpoints vs. expected $0.28/ $30.2mn.”

According to TipRanks.com, Klasell is a 5-star analyst with an average return of 21.1% and a 70.4% success rate. Klasell covers the Technology sector, focusing on stocks such as ServiceSource International Inc, Tyler Technologies, and Zix Corporation.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for SailPoint Technologies Holdings Inc with a $28 average price target.

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Based on SailPoint Technologies Holdings Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $5.1 million. In comparison, last year the company had a GAAP net loss of $5.97 million.

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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.

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