SailPoint Technologies Holdings, Inc. (SAIL) designs, develops, and markets identity governance software solutions in the United States, Europe, the Middle East, Africa, and internationally.
The company offers software and software as a service solutions, which help organizations to govern the digital identities of employees, contractors, business partners, software bots, and other human and non-human users, as well as manage their constantly changing access rights to enterprise applications and data across hybrid IT environments, spanning on-premises, cloud and mobile applications, and file storage platforms.
Its solutions include IdentityIQ, an on-premises identity governance solution; IdentityNow, a cloud-based multi-tenant governance platform; and IdentityAI, a multi-tenant AI and ML SaaS subscription offering that helps organizations detect potential threats before they turn into security breaches.
The company sells its products and solutions to commercial enterprises, financial institutions, and governments directly, as well as through system integrators, technology partners, and value-added resellers.
Please note, this stock reports earnings tomorrow, August 6th.
We expect the company to post a strong earnings report. The report should push shares higher out of its "bullish cup and handle".
Entry point: $31.00
52-week trade range: $11.61 - $32.39
Stop/Loss: $29.50
Target Price: $34.00
SAIL closed at $38.13.