Analyzing SailPoint Technologies Holdings Inc. (SAIL) By Technical Indicators

At the last check on Thursday, SailPoint Technologies Holdings Inc.’s (NYSE:SAIL) stock was up $1.05, moving up 1.70 percent to $62.98. The average number of shares traded per day over the past five days has been 3,220,576 shares. 3 times new highs have been achieved over the past 5 days, with a $3.10 gain in that time frame. In the last twenty days, the average volume was 2,791,349, while in the previous 50 days, it was 5,083,045.

Since last month, SAIL stock retreated -0.64%. Shares of the company fell to $58.56 on 06/16/22, the lowest level in the past month. A 52-week high of $64.46 was reached on 06/03/22 after having rallying from a 52-week low of $34.98. Since the beginning of this year, SAIL’s stock price has risen by 28.11% or $14.68, and marked a new high 13 times. However, the stock has declined by -2.30% since its 52-week high.

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SailPoint Technologies Holdings Inc. (SAIL) last reported insider trading activity 100 days ago on Mar 15. Schmitt Christopher, the General Counsel and Secretary of the company, disposed of 3,765 shares for $41.40 on Mar 15. It resulted in a $155,878 divestment by the insider. McClain Mark D. sold 5,000 shares at an average price of $40.80 on Mar 15. The insider now owns 255,994 shares following the transaction. On Mar 15, CEO and President McClain Mark D. sold 25,000 shares at $40.80 apiece. The transaction was valued at $1,020,000.

Valuation Metrics

The stock’s beta is 1.47. Besides these, the trailing price-to-sales (P/S) ratio of 12.26, the price-to-book (PB) ratio of 15.03.

Financial Health

In the three months ended March 30, SailPoint Technologies Holdings Inc.’s quick ratio stood at 0.90, while its current ratio was 0.90, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 73.00% percent. In the year ended March 30, operating margins totaled -16.00%. Based on annual data, SAIL earned $323.72 million in gross profit and brought in $438.95 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -7.50%. Return on equity (ROE) for the past 12 months was -20.10%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. SAIL’s revenue rose 21.37% to $135.6 million during the quarter, while net income inched up to $115.42 million. While analysts expected SailPoint Technologies Holdings Inc. to report -$0.11 quarterly earnings, the actual figure was -$0.09 per share, beating the consensus estimate by 18.20%. During the quarter, the company generated -$17.41 million in EBITDA. The liabilities of SailPoint Technologies Holdings Inc. were 721.14 million at the end of its most recent quarter ended March 30, and its total debt was $418.78 million. The value of shareholders’ equity is $94.28 million.

Technical Picture

This quick technical analysis looks at SailPoint Technologies Holdings Inc.’s (SAIL) price momentum. With a historical volatility rate of 31.24%, the RSI 9-day stood at 59.79% on 22 June.

With respect to its five-day moving average, the current SailPoint Technologies Holdings Inc. price is up by +5.17% percent or $3.10. At present, SAIL shares trade -0.38% below its 20-day simple moving average and +72.89% percent above its 100-day simple moving average. However, the stock is currently trading approximately -1.61% below its SMA50 and +33.74% above its SMA200.

Stochastic coefficient K was 63.17% and Stochastic coefficient D was 54.77%, while ATR was 1.20. Given the Stochastic reading of 75.53% for the 14-day period, the RSI (14) reading has been calculated as 56.61%. As of today, the MACD Oscillator reading stands at 1.44, while the 14-day reading stands at 0.54.

Analyst Ratings

Wells Fargo upgraded its rating on SailPoint Technologies Holdings Inc. (NYSE: SAIL) to an Overweight in a note to investors on May 06, 2022. The analysts firm previously had an Equal weight rating on the stock.SailPoint Technologies Holdings Inc. (SAIL) has been rated Hold by analysts. According to 0 brokerage firms, SAIL is a sell, and 11 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate SailPoint Technologies Holdings Inc. stock as buy, with 0 recommending it as overweight.

With a median target price of $65.00, the current consensus forecast for the stock is $65.00 – $65.25. Based on these forecasts, analysts predict SailPoint Technologies Holdings Inc. (SAIL) will achieve an average price target of $65.11.


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