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

By Austin Angelo

Northland Securities analyst Tim Klasell maintained a Hold rating on SailPoint Technologies Holdings Inc (SAILResearch Report) today and set a price target of $23. The company’s shares closed yesterday at $17.19, close to its 52-week low of $16.63.

Klasell commented:

“We particularly heard about higher end needs such as flexible multi factor, compliance and hybrid deployments. So clearly this is not a dead market, but one where the capabilities of SAIL taper off as a customer size decreases.”

According to TipRanks.com, Klasell is a 5-star analyst with an average return of 17.2% and a 69.2% success rate. Klasell covers the Technology sector, focusing on stocks such as ServiceSource International Inc, Tyler Technologies, and Zix Corporation.

SailPoint Technologies Holdings Inc has an analyst consensus of Moderate Buy, with a price target consensus of $25.29.

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Based on SailPoint Technologies Holdings Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $8.39 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.