Brokerages Set SailPoint, Inc. (NASDAQ:SAIL) Price Target at $25.92

SailPoint, Inc. (NASDAQ:SAIL) has earned an average rating of “Moderate Buy” from the twenty-three brokerages that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, fifteen have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $25.9182.

A number of research firms have commented on SAIL. Weiss Ratings reissued a “sell (d-)” rating on shares of SailPoint in a research report on Monday, December 29th. Wolfe Research started coverage on shares of SailPoint in a research note on Monday, October 20th. They set an “outperform” rating and a $27.00 price objective on the stock. Cantor Fitzgerald reissued an “overweight” rating on shares of SailPoint in a research note on Wednesday, December 3rd. Robert W. Baird started coverage on SailPoint in a research report on Monday, October 27th. They set an “outperform” rating and a $26.00 target price on the stock. Finally, Mizuho cut their price target on SailPoint from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, December 9th.

SailPoint Stock Up 3.1%

SAIL opened at $14.71 on Friday. The stock’s fifty day moving average is $19.05 and its two-hundred day moving average is $20.26. The company has a market capitalization of $8.26 billion and a P/E ratio of -3.07. SailPoint has a 52 week low of $13.72 and a 52 week high of $26.35.

SailPoint (NASDAQ:SAIL) last posted its quarterly earnings results on Tuesday, December 9th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. The business had revenue of $281.94 million for the quarter, compared to the consensus estimate of $270.35 million. SailPoint had a positive return on equity of 0.16% and a negative net margin of 30.87%.The business’s revenue was up 19.8% compared to the same quarter last year. SailPoint has set its FY 2026 guidance at 0.220-0.230 EPS and its Q4 2026 guidance at 0.080-0.09 EPS.

Insider Buying and Selling

In other SailPoint news, General Counsel Christopher Schmitt sold 11,908 shares of the business’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $19.23, for a total value of $228,990.84. Following the completion of the transaction, the general counsel directly owned 1,057,956 shares in the company, valued at approximately $20,344,493.88. The trade was a 1.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Matt Mills sold 21,345 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $19.23, for a total transaction of $410,464.35. Following the completion of the sale, the president owned 1,882,913 shares in the company, valued at $36,208,416.99. This represents a 1.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 354,243 shares of company stock worth $6,924,823 over the last ninety days. 2.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On SailPoint

Large investors have recently made changes to their positions in the business. Aster Capital Management DIFC Ltd acquired a new stake in shares of SailPoint in the 3rd quarter worth $31,000. Loomis Sayles & Co. L P acquired a new stake in SailPoint in the second quarter worth about $42,000. State of Wyoming purchased a new stake in shares of SailPoint during the second quarter worth about $45,000. CWM LLC grew its stake in shares of SailPoint by 315.6% during the fourth quarter. CWM LLC now owns 2,656 shares of the company’s stock worth $54,000 after acquiring an additional 2,017 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of SailPoint by 208.2% during the fourth quarter. Farther Finance Advisors LLC now owns 3,070 shares of the company’s stock valued at $62,000 after acquiring an additional 2,074 shares in the last quarter.

SailPoint Company Profile

SailPoint Technologies Holdings, Inc (NASDAQ: SAIL) is a leading provider of enterprise identity governance solutions that enable organizations to manage and secure user access across on-premises, cloud and hybrid IT environments. Its software automates identity lifecycle management, access certifications, policy enforcement and privileged account governance, helping enterprises reduce security risks, maintain regulatory compliance and streamline IT operations. The company’s flagship offerings include IdentityIQ, a comprehensive on-premises platform, and IdentityNow, a cloud-native identity governance-as-a-service solution.

Founded in 2005 by industry veterans Mark McClain and Kevin Cunningham, SailPoint is headquartered in Austin, Texas.