SailPoint Technologies Holdings Inc (SAIL) Gets a Hold Rating from Canaccord Genuity


Canaccord Genuity analyst Richard Davis maintained a Hold rating on SailPoint Technologies Holdings Inc (SAIL) today and set a price target of $18.00. The company’s shares closed last Monday at $18.75, close to its 52-week low of $16.63.

According to TipRanks.com, Davis is a top 25 analyst with an average return of 43.4% and a 80.8% success rate. Davis covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, Salesforce.com, and Smartsheet Inc.

SailPoint Technologies Holdings Inc has an analyst consensus of Moderate Buy, with a price target consensus of $24.43.

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Based on SailPoint Technologies Holdings Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $9.2 million. In comparison, last year the company had a net profit of $3.3 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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