Sailpoint Inc (NASDAQ:SAIL) shares, rose in value on Wednesday, April 16, with the stock price down by -2.99% to the previous day’s close as strong demand from buyers drove the stock to $16.89.
Actively observing the price movement in the last trading, the stock closed the session at $17.41, falling within a range of $16.35 and $17.7. Referring to stock’s 52-week performance, its high was $26.35, and the low was $15.05. On the whole, SAIL has fluctuated by -14.44% over the past month.
With the market capitalization of Sailpoint Inc currently standing at about $9.40 billion, investors are eagerly awaiting this quarter’s results, scheduled for in May.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.03B, with a low estimate of 224.7M and a high estimate of 226M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 225.19M.
The stock’s technical analysis shows that the price of SAIL currently trading nearly -8.98% and -17.87% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.83, while the 7-day volatility ratio is showing 7.80% which for the 30-day chart, stands at 8.00%. Furthermore, Sailpoint Inc (SAIL)’s average true range (ATR) is 1.50.
Data on historical trading for Sailpoint Inc (NASDAQ:SAIL) indicates that the trading volumes over the past 10 days have averaged 1.63 and over the past 3 months, they’ve averaged 3.31 million. According to company’s latest data on outstanding shares, there are 556.58 million shares outstanding.
Nearly 88.86% of Sailpoint Inc’s shares belong to company insiders and institutional investors own 0.02% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.96 million shares as on 2025-03-31, resulting in a short ratio of 5.07. According to the data, the short interest in Sailpoint Inc (SAIL) stood at 1435.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 7.08 million. The stock has fallen by -23.23% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SAIL stock heading into the next quarter.
