SailPoint Technologies Holdings, Inc. (NYSE:SAIL) Takes -0.95% Drop, But A Strong Recovery …

In last trading session, SailPoint Technologies Holdings, Inc. (NYSE:SAIL) saw 671,178 shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $47.03 trading at -$0.45 or -0.95% at ring of the bell on the day assigns it a market valuation of $4.28 Billion. That closing price of SAIL’s stock is at a discount of -5.97% from its 52-week high price of $49.84 and is indicating a premium of 75.31% from its 52-week low price of $11.61. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.34 Million shares which gives us an average trading volume of 1.64 Million if we extend that period to 3-months.

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For SailPoint Technologies Holdings, Inc. (SAIL), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.9. Splitting up the data highlights that, out of 16 analysts covering the stock, none rated the stock as a Sell while none recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 13 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0 in the current quarter.

In the face of being in the red today for losing -0.95%, in the last five days SAIL remained trading in the green while hitting it’s week-highest on Thursday, Dec 03 when the stock touched $48.86- price level, adding 3.75% to its value on the day. SailPoint Technologies Holdings, Inc.’s shares saw a change of 99.28% in year-to-date performance and have moved 4.23% in past 5-day. SailPoint Technologies Holdings, Inc. (NYSE:SAIL) showed a performance of 2.22% in past 30-days. Number of shares sold short was 9.35 Million shares which calculate 5.7 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $52.64 to the stock, which implies a rise of 11.93% to its current value. Analysts have been projecting $36 as a low price target for the stock while placing it at a high target of $60. It follows that stock’s current price would jump +27.58% in reaching the projected high whereas dropping to the targeted low would mean a loss of -23.45% for stock’s current value.

SailPoint Technologies Holdings, Inc. (SAIL) estimates and forecasts

Statistics highlight that SailPoint Technologies Holdings, Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added +96.61% of value to its shares in past 6 months, showing an annual growth rate of 25% while that of industry is 11.4. Apart from that, the company came lowering its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to decline by -100% in the current quarter and calculating -100% decline in the next quarter. This year revenue growth is estimated to rise 23.5% from the last financial year’s standing.

12 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $94.38 Million for the same. And 11 analysts are in estimates of company making revenue of $86.68 Million in the next quarter that will end in March 01, 2021. Company posted $89Million and $75.44 Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 6% while estimating it to be 14.9% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 0% during past 5 years. In 2020, company’s earnings growth rate is likely to be around -336.4% while estimates for its earnings growth in next 5 years are of 15%

SailPoint Technologies Holdings, Inc. (NYSE:SAIL)’s Major holders

Insiders are in possession of 3.48% of company’s total shares while institution are holding 106.93% percent of that, with stock having share float percentage of 110.79%. Investors also watch the number of corporate investors in a company very closely, which is 319 institutions for SailPoint Technologies Holdings, Inc. that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at SAIL for having 8.03 Million shares of worth $317.94 Million. And as of September 29, 2020, it was holding 8.84% of the company’s outstanding shares.

The second largest institutional holder is Blackrock Inc., which was holding about 6.62 Million shares on September 29, 2020. The number of shares represents firm’s hold over 7.28% of outstanding shares, having a total worth of $261.82 Million.

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On the other hand, Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF are the top two Mutual Funds which own company’s shares. As of September 29, 2020, the former fund manager was holding 2401886 shares of worth $95.04 Million or 2.64% of the total outstanding shares. The later fund manager was in possession of 2.36 Million shares on October 30, 2020, making its stake of worth around $97.98 Million in the company or a holder of 2.6% of company’s stock.

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