Sailpoint Technologies (SAIL) Research Coverage Started at Needham & Company LLC

Needham & Company LLC started coverage on shares of Sailpoint Technologies (NYSE:SAIL) in a report published on Wednesday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $21.00 price objective on the stock.

SAIL has been the subject of several other research reports. KeyCorp started coverage on shares of Sailpoint Technologies in a research report on Tuesday, December 12th. They set an overweight rating and a $19.00 price target for the company. Canaccord Genuity started coverage on shares of Sailpoint Technologies in a research report on Tuesday, December 12th. They set a hold rating and a $15.00 price target for the company. Morgan Stanley started coverage on shares of Sailpoint Technologies in a research report on Tuesday, December 12th. They set an equal weight rating and a $16.00 price target for the company. Royal Bank of Canada started coverage on shares of Sailpoint Technologies in a research report on Tuesday, December 12th. They set an outperform rating for the company. Finally, Oppenheimer started coverage on shares of Sailpoint Technologies in a research report on Tuesday, December 12th. They set a buy rating and a $20.00 price target for the company. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Sailpoint Technologies presently has an average rating of Buy and a consensus price target of $18.43.

Sailpoint Technologies (SAIL) opened at $15.66 on Wednesday. Sailpoint Technologies has a 12-month low of $12.82 and a 12-month high of $17.75.

In related news, Director James Michael Pflaging acquired 3,500 shares of Sailpoint Technologies stock in a transaction that occurred on Thursday, December 14th. The stock was acquired at an average price of $14.70 per share, with a total value of $51,450.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark D. Mcclain sold 300,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $12.00, for a total transaction of $3,600,000.00. The disclosure for this sale can be found here. Insiders have sold 6,800,000 shares of company stock valued at $76,140,000 in the last 90 days.

A number of hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC acquired a new stake in Sailpoint Technologies in the fourth quarter worth about $5,163,000. Tower Research Capital LLC TRC acquired a new stake in Sailpoint Technologies in the fourth quarter worth about $100,000. UBS Asset Management Americas Inc. acquired a new stake in Sailpoint Technologies in the fourth quarter worth about $2,034,000. BlackRock Inc. acquired a new stake in Sailpoint Technologies in the fourth quarter worth about $8,664,000. Finally, State of Wisconsin Investment Board acquired a new stake in Sailpoint Technologies in the fourth quarter worth about $5,075,000. 0.02% of the stock is owned by institutional investors and hedge funds.

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About Sailpoint Technologies

SailPoint Technologies Holdings, Inc is a provider of enterprise identity governance solutions. The Company is focused on providing SailPoint that empowers customers to efficiently and securely govern the digital identities of employees, contractors, business partners and other users, and manage their constantly changing access rights to enterprise applications and data.

Analyst Recommendations for Sailpoint Technologies (NYSE:SAIL)

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