FY2027 Earnings Estimate for SailPoint Issued By Scotiabank

SailPoint, Inc. (NASDAQ:SAIL) – Research analysts at Scotiabank decreased their FY2027 EPS estimates for shares of SailPoint in a research note issued on Thursday, March 19th. Scotiabank analyst P. Colville now anticipates that the company will post earnings per share of $0.32 for the year, down from their prior estimate of $0.35. Scotiabank currently has a “Sector Outperform” rating and a $16.00 target price on the stock.

A number of other analysts have also recently weighed in on the company. JPMorgan Chase & Co. dropped their price target on SailPoint from $26.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, March 19th. BTIG Research reduced their price objective on SailPoint from $22.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, March 19th. Weiss Ratings restated a “sell (d-)” rating on shares of SailPoint in a research note on Monday, December 29th. Robert W. Baird dropped their target price on SailPoint from $26.00 to $22.00 and set an “outperform” rating on the stock in a research report on Thursday, March 19th. Finally, Truist Financial cut their target price on SailPoint from $23.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, March 19th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.49.

SailPoint Stock Up 2.4%

Shares of NASDAQ SAIL opened at $12.54 on Monday. The firm’s 50-day moving average price is $15.50 and its two-hundred day moving average price is $19.00. SailPoint has a 52-week low of $11.90 and a 52-week high of $24.95. The stock has a market capitalization of $7.07 billion and a P/E ratio of -22.39.

SailPoint (NASDAQ:SAIL) last announced its quarterly earnings data on Wednesday, March 18th. The company reported $0.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.08. The business had revenue of $294.65 million during the quarter. SailPoint had a negative net margin of 25.20% and a positive return on equity of 1.95%. SailPoint’s quarterly revenue was up 22.9% on a year-over-year basis. During the same period in the prior year, the company earned ($4.29) EPS.

Insider Activity at SailPoint

In other SailPoint news, CFO Brian Carolan sold 30,638 shares of the business’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $19.57, for a total transaction of $599,585.66. Following the sale, the chief financial officer directly owned 1,277,795 shares in the company, valued at approximately $25,006,448.15. The trade was a 2.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Christopher Schmitt sold 11,908 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $19.23, for a total transaction of $228,990.84. Following the completion of the sale, the general counsel directly owned 1,057,956 shares of the company’s stock, valued at approximately $20,344,493.88. This represents a 1.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 354,243 shares of company stock worth $6,924,823 in the last 90 days.

Institutional Investors Weigh In On SailPoint

Institutional investors have recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd bought a new position in SailPoint during the 3rd quarter valued at $31,000. Loomis Sayles & Co. L P acquired a new stake in shares of SailPoint in the second quarter valued at $42,000. Palladiem LLC acquired a new stake in shares of SailPoint in the fourth quarter valued at $42,000. Kestra Advisory Services LLC bought a new position in SailPoint during the fourth quarter valued at about $42,000. Finally, State of Wyoming bought a new position in SailPoint during the second quarter valued at about $45,000.

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.