Dropping The 52 Week Low, Sailpoint Technologies Holdings Inc (NYSE:SAIL) Closing Trading At $18.56

Sailpoint Technologies Holdings Inc (NYSE:SAIL)

May 13th, 2019

Amidst falling markets Sailpoint Technologies Holdings Inc finished Monday’s trading session down 5.95%, a ($1.18) decrease to close on $18.56. As well as the drop in value, Sailpoint Technologies Holdings Inc hit a new 52 week low of $18.00, breaking the previous low of $18.48 from earlier this month.

SAIL was outperformed by the rest of the Information Technology sector which went down only -3.71%.

Results from 13 analysts suggest that Sailpoint Technologies Holdings Inc might rise significantly (36.78%), while Finbox has calculated (with high uncertainty) a fair value price of $16.15.

Market Sectors

The market sectors were mixed Monday with a majority of the sectors trending down. Utilities saw the biggest increase of the day (1.11%), while Information Technology saw the biggest drop (-3.71%). Information Technology has seen the biggest year-to-date gain at 22.60%.

Utilities saw the biggest turnaround from its 5-day performance of -0.71%, as it went up 1.11%.

Sector Breakdown

  • Utilities went up with a 1.11% change.
  • Real Estate stayed even with a 0.00% change.
  • Consumer Staples went down with a -0.83% change.
  • Energy went down with a -1.58% change.
  • Healthcare went down with a -1.74% change.
  • Materials went down with a -2.18% change.
  • Communication Services went down with a -2.52% change.
  • Industrials went down with a -2.84% change.
  • Financials went down with a -2.87% change.
  • Consumer Discretionary went down with a -2.95% change.
  • Information Technology went down with a -3.71% change.

Sailpoint Technologies Holdings Inc Info

SailPoint Technologies Holdings, Inc. designs, develops, and markets identity governance software solutions in North America, Europe, and the Asia Pacific. The company offers on-premises software and cloud-based solutions, which empower organizations to govern the digital identities of employees, contractors, business partners, and other users, as well as manage their constantly changing access rights to enterprise applications and data across hybrid IT environments. Its solutions include IdentityIQ, an on-premises identity governance solution; IdentityNow, a cloud-based multi-tenant governance platform; IdentityIQ File Access Manager that secures access to data stored in file servers, collaboration portals, mailboxes, and cloud storage systems; and IdentityAI, a cloud-based identity analytics solution for organizations to detect potential threats before they turn into security breaches. The company sells its products and solutions to commercial enterprises, educational institutions, and governments directly, as well as through system integrators, technology partners, and value-added resellers. SailPoint Technologies Holdings, Inc. was founded in 2004 and is headquartered in Austin, Texas.

All amounts in USD unless otherwise indicated

SAIL daily update
SAIL daily update

Via UnSplash

Media Gazelle Inc (MG), a Nevada Corporation, owns and operates the online brand US Tribune News. MG does not offer financial advise, and is not a registered broker/dealer/analyst/adviser, holds no investment licenses, and may not sell, offer to sell or offer to buy any security. MG’s market updates, news are not a solicitation or recommendation to buy, sell or hold securities. MG shall not be held liable for any investment losses you may incur by using the information provided, this includes you trading the stocks mentioned on our sites. We recommend you talk to a financial adviser before trading any securities or taking any action based upon information on this site. MG does not guarantee the accuracy of the article.