SailPoint Parent, LP Stock Price, News & Analysis

SailPoint Technologies (NYSE: SAIL) has achieved top rankings in all three evaluation categories in Forrester's "The Forrester Wave™: Identity Management and Governance, Q4 2021." The company received the highest possible scores in the Current Offering, Strategy, and Market Presence categories. SailPoint's Identity Platform excelled in criteria such as role management and SaaS governance. The report highlights SailPoint's strong product vision and high customer satisfaction, especially for large organizations needing sophisticated identity solutions.

SailPoint Technologies Holdings, Inc. (NYSE: SAIL) announced that CEO Mark McClain and SVP of Finance Josh Harding will participate in a virtual chat at the RBC Global Technology Conference on Tuesday, November 16 at 4 p.m. ET. The event will be available via live webcast, and a replay can be found in the Events & Presentations section of SailPoint's Investor Relations page. As a leader in identity security, SailPoint utilizes AI and machine learning to enhance access management for enterprises.

SailPoint Technologies Holdings, Inc. (NYSE: SAIL) is set to announce its third quarter 2021 financial results on November 9, 2021, following the US market close. A conference call will take place at 5:00 p.m. Eastern Time for discussions about these results. The call can be accessed by dialing 1-877-407-0792 (toll-free) or 1-201-689-8263 (international). A replay of the call will be available until November 23, 2021, with an archived webcast accessible via SailPoint’s investor website.

SailPoint Technologies Holdings (NYSE: SAIL) has been recognized as a leader in Identity as a Service (IDaaS) by KuppingerCole’s September 2021 Leadership Compass report. The company achieved strong positive ratings in overall performance, product quality, market presence, and innovation. This report emphasizes SailPoint's robust Access Governance capabilities and continuous improvements in automation and predictive intelligence to manage identity risks. The recognition highlights the importance of IDaaS IGA in safeguarding modern enterprises amidst increasing technology access challenges.

SailPoint Technologies Holdings (NYSE: SAIL) announced that CEO Mark McClain and SVP of Finance & Operations Josh Harding will participate in a virtual fireside chat at the Piper Sandler Global Technology Conference on September 13 at 3:30 p.m. ET. The event will be accessible via live webcast on their website, with a replay available under the Events & Presentations section. SailPoint specializes in identity security solutions for cloud enterprises, ensuring businesses manage access risks effectively.

SailPoint Technologies unveiled its vision for identity security at Navigate 2021, focusing on creating a dynamic, intelligent identity management system. EVP Grady Summers emphasized the importance of data in managing identities efficiently. Key innovations include customized workflows for tailored security programs, event-driven certifications for automated access reviews, and automated outlier detection to identify high-risk identities. These advancements aim to enhance security automation and efficiency for enterprises, ensuring that users have appropriate access while protecting critical assets.

SailPoint announced the launch of Workflows at its annual conference Navigate 2021, aimed at simplifying identity security tasks for enterprises. This no-code tool allows organizations to automate security processes without requiring technical expertise, thereby democratizing software development. Gartner projects that by 2025, 70% of new applications will utilize low-code/no-code technologies. The initial launch program for Workflows is set for Q4 2021. Key benefits include integration capabilities with SaaS apps and enhanced operational efficiency.

SailPoint Technologies reported strong financial results for Q2 2021, with Total ARR reaching $291.3 million, reflecting a 43% year-over-year increase. Total revenue stood at $102.5 million, an 11% increase from Q2 2020, while subscription revenue surged by 40% to $64.4 million. However, the company faced a net loss of $16.7 million compared to net income in the prior year. For Q3 2021, SailPoint anticipates Total ARR between $315 million and $317 million, with revenues ranging from $102 million to $104 million. Despite ongoing challenges, the firm is optimistic about its SaaS growth trajectory.