SailPoint, Inc. (SAIL) Gets a Buy from Berenberg Bank
Berenberg Bank analyst Rahul Chopra maintained a Buy rating on SailPoint, Inc. yesterday and set a price target of $31.70.
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Chopra covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, SailPoint, Inc., and SentinelOne. According to TipRanks, Chopra has an average return of 13.9% and a 69.64% success rate on recommended stocks.
Currently, the analyst consensus on SailPoint, Inc. is a Strong Buy with an average price target of $27.26.
Based on SailPoint, Inc.’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $281.94 million and a GAAP net loss of $35.98 million. In comparison, last year the company earned a revenue of $235.26 million and had a GAAP net loss of $59.42 million
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SAIL in relation to earlier this year.
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