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SAIL - SailPoint shares pull back after Okta launches competing products
SailPoint Technologies Holdings Inc.
SailPoint ([[SAIL]] -2.9%) shares are under pressure again today after Okta launched privileged access management and identity governance products earlier this week, new competition for SailPoint.Analysts praised Okta's product launches, saying PAM and identity governance could increase its total addressable market by $15B while the low industry penetration drives growth.