SailPoint (NASDAQ:SAIL) Issues FY 2027 Earnings Guidance

SailPoint (NASDAQ:SAIL) issued an update on its FY 2027 earnings guidance on Tuesday morning. The company provided EPS guidance of 0.300-0.340 for the period, compared to the consensus EPS estimate of 0.320. The company issued revenue guidance of $1.3 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 billion. SailPoint also updated its Q2 2027 guidance to 0.070-0.080 EPS.

SailPoint Stock Down 3.0%

NASDAQ:SAIL opened at $17.69 on Tuesday. The company has a market cap of $10.03 billion, a P/E ratio of -31.59 and a beta of 2.00. SailPoint has a fifty-two week low of $10.30 and a fifty-two week high of $24.95. The firm’s 50 day moving average is $13.60 and its two-hundred day moving average is $15.98.

SailPoint (NASDAQ:SAIL) last posted its quarterly earnings results on Tuesday, June 9th. The company reported $0.05 earnings per share for the quarter. The company had revenue of $280.14 million for the quarter. SailPoint had a negative net margin of 25.20% and a positive return on equity of 1.95%. SailPoint has set its Q2 2027 guidance at 0.070-0.080 EPS and its FY 2027 guidance at 0.300-0.340 EPS. Research analysts forecast that SailPoint will post 0.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

SAIL has been the topic of a number of recent analyst reports. TD Cowen cut their price target on shares of SailPoint from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Tuesday, February 24th. Mizuho dropped their price objective on shares of SailPoint from $23.00 to $20.00 and set a “neutral” rating for the company in a research report on Tuesday, February 17th. FBN Securities began coverage on shares of SailPoint in a research report on Tuesday, February 24th. They issued an “outperform” rating and a $18.00 price objective for the company. Roth Mkm began coverage on shares of SailPoint in a research report on Wednesday, May 20th. They issued a “buy” rating and a $19.00 price objective for the company. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of SailPoint in a research report on Monday, June 1st. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, SailPoint presently has an average rating of “Moderate Buy” and an average price target of $21.29.

Insider Buying and Selling

In other news, CAO Mitra Rezvan sold 7,487 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $20.00, for a total value of $149,740.00. Following the completion of the sale, the chief accounting officer owned 189,476 shares of the company’s stock, valued at $3,789,520. This represents a 3.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Matt Mills sold 34,171 shares of the stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $11.46, for a total transaction of $391,599.66. Following the completion of the sale, the president directly owned 2,451,334 shares of the company’s stock, valued at $28,092,287.64. The trade was a 1.37% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 534,449 shares of company stock valued at $6,569,848. 1.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SailPoint

Large investors have recently added to or reduced their stakes in the company. State of Wyoming acquired a new stake in SailPoint during the 2nd quarter valued at $45,000. Kestra Advisory Services LLC acquired a new stake in SailPoint during the 4th quarter valued at $42,000. BNP Paribas Financial Markets acquired a new stake in SailPoint during the 2nd quarter valued at $79,000. California State Teachers Retirement System acquired a new stake in SailPoint during the 2nd quarter valued at $87,000. Finally, Russell Investments Group Ltd. acquired a new stake in SailPoint during the 3rd quarter valued at $156,000.

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.