SailPoint, Inc. (NASDAQ:SAIL) Receives $24.83 Average PT from Brokerages

Shares of SailPoint, Inc. (NASDAQ:SAIL) have been given an average rating of “Moderate Buy” by the twenty-four research firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $24.8348.

Several brokerages recently weighed in on SAIL. Royal Bank Of Canada restated an “outperform” rating and set a $23.00 price objective on shares of SailPoint in a research report on Wednesday, February 11th. BTIG Research reissued a “buy” rating and set a $29.00 target price on shares of SailPoint in a research note on Thursday, January 8th. TD Cowen dropped their target price on shares of SailPoint from $30.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday. Barclays reduced their price target on shares of SailPoint from $25.00 to $23.00 and set an “overweight” rating on the stock in a research note on Thursday, December 4th. Finally, The Goldman Sachs Group lowered their price objective on shares of SailPoint from $25.00 to $21.00 and set a “neutral” rating for the company in a research report on Wednesday, January 28th.

SailPoint Trading Down 1.9%

Shares of NASDAQ:SAIL opened at $14.10 on Wednesday. The firm has a 50 day moving average of $17.39 and a 200-day moving average of $19.67. SailPoint has a 12 month low of $12.81 and a 12 month high of $24.95. The stock has a market capitalization of $7.92 billion and a PE ratio of -2.94.

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 the consensus estimate of $0.06 by $0.02. The business had revenue of $281.94 million for the quarter, compared to analyst estimates of $270.35 million. SailPoint had a negative net margin of 30.87% and a positive return on equity of 0.16%. The business’s quarterly 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 Activity

In other news, CEO Mark D. Mcclain sold 52,799 shares of the company’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $19.57, for a total transaction of $1,033,276.43. Following the completion of the transaction, the chief executive officer directly owned 7,034,417 shares in the company, valued at approximately $137,663,540.69. This represents a 0.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Mitra Rezvan sold 3,782 shares of the firm’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $19.57, for a total value of $74,013.74. Following the sale, the chief accounting officer directly owned 119,109 shares in the company, valued at approximately $2,330,963.13. This trade represents a 3.08% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 354,243 shares of company stock valued at $6,924,823. 2.00% of the stock is currently owned by insiders.

Institutional Trading of SailPoint

Hedge funds have recently made changes to their positions in the company. Norges Bank acquired a new position in shares of SailPoint in the fourth quarter valued at approximately $234,681,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in SailPoint during the 2nd quarter worth approximately $64,453,000. UBS Group AG grew its holdings in SailPoint by 116.3% during the 3rd quarter. UBS Group AG now owns 4,128,038 shares of the company’s stock worth $91,147,000 after acquiring an additional 2,219,593 shares during the last quarter. Artisan Partners Limited Partnership acquired a new position in SailPoint in the 4th quarter valued at approximately $35,203,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of SailPoint during the third quarter valued at $26,365,000.

About SailPoint

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.