Equities researchers at Oppenheimer began coverage on shares of SailPoint Technologies (NYSE:SAIL) in a research report issued on Tuesday. The firm set a “buy” rating and a $20.00 price target on the stock. Oppenheimer’s target price points to a potential upside of 34.50% from the company’s current price.

A number of other research firms have also recently commented on SAIL. Royal Bank of Canada began coverage on SailPoint Technologies in a report on Tuesday. They issued an “outperform” rating on the stock. Canaccord Genuity began coverage on SailPoint Technologies in a report on Tuesday. They issued a “hold” rating and a $15.00 price target on the stock. Morgan Stanley began coverage on SailPoint Technologies in a report on Tuesday. They issued an “equal weight” rating and a $16.00 price target on the stock. Citigroup began coverage on SailPoint Technologies in a report on Tuesday. They issued a “buy” rating and a $20.00 price target on the stock. Finally, KeyCorp began coverage on SailPoint Technologies in a report on Tuesday. They issued an “overweight” rating and a $19.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $18.00.

SailPoint Technologies (SAIL) opened at $14.87 on Tuesday. SailPoint Technologies has a twelve month low of $12.82 and a twelve month high of $16.36.

In other SailPoint Technologies news, major shareholder Thoma Bravo, Llc sold 1,500,000 shares of SailPoint Technologies stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $11.16, for a total value of $16,740,000.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Mark D. Mcclain sold 300,000 shares of SailPoint Technologies stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $12.00, for a total value of $3,600,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,800,000 shares of company stock worth $76,140,000.

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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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