SailPoint Technologies’ (NYSE:SAIL) quiet period is set to expire on Wednesday, December 27th. SailPoint Technologies had issued 20,000,000 shares in its initial public offering on November 17th. The total size of the offering was $240,000,000 based on an initial share price of $12.00. During SailPoint Technologies’ quiet period, insiders and underwriters involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
A number of equities analysts have recently issued reports on SAIL shares. Jefferies Group started coverage on SailPoint Technologies in a research report on Tuesday, December 12th. They set a “buy” rating and a $18.00 price objective for the company. Citigroup initiated coverage on SailPoint Technologies in a report on Tuesday, December 12th. They issued a “buy” rating and a $20.00 target price for the company. Royal Bank of Canada initiated coverage on SailPoint Technologies in a report on Tuesday, December 12th. They issued an “outperform” rating for the company. Oppenheimer initiated coverage on SailPoint Technologies in a report on Tuesday, December 12th. They issued a “buy” rating and a $20.00 target price for the company. Finally, KeyCorp initiated coverage on SailPoint Technologies in a report on Tuesday, December 12th. They issued an “overweight” rating and a $19.00 target price for the company. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. SailPoint Technologies presently has an average rating of “Buy” and a consensus price target of $18.00.
Shares of SailPoint Technologies (NYSE SAIL) opened at $14.31 on Wednesday. SailPoint Technologies has a 1-year low of $12.82 and a 1-year high of $16.36.
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SailPoint Technologies Company Profile
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.
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