SailPoint (NASDAQ:SAIL) Releases Earnings Results, Beats Expectations By $0.02 EPS

SailPoint (NASDAQ:SAIL) issued its earnings results on Tuesday. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02, FiscalAI reports. The business’s revenue for the quarter was up 19.8% compared to the same quarter last year. SailPoint updated its FY 2026 guidance to 0.220-0.230 EPS and its Q4 2026 guidance to 0.080-0.09 EPS.

SailPoint Stock Performance

Shares of SailPoint stock opened at $19.88 on Wednesday. The stock has a 50 day moving average of $20.76 and a 200 day moving average of $20.85. The firm has a market capitalization of $11.07 billion and a price-to-earnings ratio of -4.72. SailPoint has a fifty-two week low of $15.05 and a fifty-two week high of $26.35.

Analyst Ratings Changes

A number of research firms have commented on SAIL. Cantor Fitzgerald reiterated an “overweight” rating on shares of SailPoint in a report on Wednesday, December 3rd. Barclays dropped their price target on SailPoint from $25.00 to $23.00 and set an “overweight” rating for the company in a research report on Thursday, December 4th. Weiss Ratings reiterated a “sell (d)” rating on shares of SailPoint in a research report on Monday. Stephens raised SailPoint to a “strong-buy” rating in a research note on Tuesday, August 12th. Finally, Baird R W raised SailPoint to a “strong-buy” rating in a research note on Monday, October 27th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $26.19.

Insiders Place Their Bets

In other news, CEO Mark D. Mcclain sold 175,425 shares of the business’s stock in a transaction that occurred on Thursday, October 9th. The shares were sold at an average price of $22.42, for a total value of $3,933,028.50. Following the sale, the chief executive officer directly owned 7,200,308 shares of the company’s stock, valued at approximately $161,430,905.36. The trade was a 2.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brian Carolan sold 84,699 shares of the company’s stock in a transaction that occurred on Thursday, October 9th. The stock was sold at an average price of $22.42, for a total transaction of $1,898,951.58. Following the completion of the transaction, the chief financial officer owned 1,336,628 shares in the company, valued at approximately $29,967,199.76. This represents a 5.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 1,026,454 shares of company stock valued at $23,056,195.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd acquired a new position in SailPoint during the 3rd quarter worth approximately $31,000. Loomis Sayles & Co. L P acquired a new stake in SailPoint in the second quarter valued at $42,000. State of Wyoming purchased a new stake in SailPoint during the 2nd quarter worth about $45,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of SailPoint during the 1st quarter worth about $49,000. Finally, Quarry LP acquired a new position in shares of SailPoint during the 1st quarter worth about $70,000.

About SailPoint

SailPoint, Inc delivers solutions to enable comprehensive identity security for the enterprise. Its solutions enable organizations to establish, control, and automate policies that help them define and maintain a robust security posture and achieve regulatory compliance. The company was founded by Mark David McClain in 2005 and is headquartered in Austin, TX.