SailPoint, Inc. (NASDAQ:SAIL) Receives $21.29 Average PT from Brokerages

Shares of SailPoint, Inc. (NASDAQ:SAIL) have been given a consensus rating of “Moderate Buy” by the twenty-one ratings firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, fifteen have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $20.5850.

Several equities research analysts have commented on SAIL shares. Roth Mkm started coverage on shares of SailPoint in a research note on Wednesday, May 20th. They issued a “buy” rating and a $19.00 price target on the stock. Royal Bank Of Canada raised their price target on shares of SailPoint from $17.00 to $19.00 and gave the company an “outperform” rating in a research note on Wednesday. The Goldman Sachs Group reiterated a “neutral” rating and issued a $19.00 price objective on shares of SailPoint in a report on Wednesday. Cantor Fitzgerald reiterated an “overweight” rating and issued a $23.00 price objective on shares of SailPoint in a report on Wednesday. Finally, FBN Securities began coverage on shares of SailPoint in a report on Tuesday, February 24th. They issued an “outperform” rating and a $18.00 price objective for the company.

SailPoint News Summary

Here are the key news stories impacting SailPoint this week:

• Positive Sentiment: SailPoint beat Q1 estimates, with revenue rising about 22% year over year and SaaS ARR increasing to $1.163 billion, reinforcing that core subscription demand remains strong. Article Title
• Positive Sentiment: Management’s AI and identity-security messaging, including the “Agentic Fabric” push to govern AI agents, supports the long-term growth narrative and suggests new product opportunities. Article Title
• Positive Sentiment: Several analysts turned more constructive after the quarter, and Cantor Fitzgerald reaffirmed an overweight rating with a $23 price target, implying meaningful upside from current levels. Article Title
• Positive Sentiment: Shareholders backed the board, auditor and pay practices at the annual meeting, reducing governance uncertainty. Article Title
• Neutral Sentiment: Wall Street price targets remain well above the current share price, and one Zacks note highlights an estimated 31.8% upside, but such targets are not always reliable short-term trading signals. Article Title
• Neutral Sentiment: Some commentary remains cautious, noting that Q1 results did not clearly show an acceleration in growth and that management did not materially raise guidance. Article Title
• Negative Sentiment: Despite the earnings beat, the stock sold off as investors focused on slowing growth expectations and concerns that net-new ARR and net retention may be softening. Article Title
• Negative Sentiment: A shareholder investigation over possible securities law violations adds headline risk and could weigh on sentiment near term. Article Title

SailPoint Trading Down 2.0%

Shares of NASDAQ:SAIL opened at $14.42 on Friday. The firm’s 50 day moving average is $13.75 and its two-hundred day moving average is $15.91. SailPoint has a 52 week low of $10.30 and a 52 week high of $24.95. The firm has a market capitalization of $8.18 billion, a P/E ratio of -53.41 and a beta of 2.02.

SailPoint (NASDAQ:SAIL) last announced its quarterly earnings results on Tuesday, June 9th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. SailPoint had a negative net margin of 14.04% and a positive return on equity of 2.31%. The company had revenue of $280.14 million for the quarter. During the same quarter in the previous year, the business posted $0.01 EPS. SailPoint’s revenue for the quarter was up 21.5% compared to the same quarter last year. SailPoint has set its Q2 2027 guidance at 0.070-0.080 EPS and its FY 2027 guidance at 0.300-0.340 EPS. Analysts predict that SailPoint will post 0.33 EPS for the current year.

Insiders Place Their Bets

In other news, President Matt Mills sold 34,171 shares of the stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $11.46, for a total value of $391,599.66. Following the completion of the transaction, the president directly owned 2,451,334 shares in the company, valued at $28,092,287.64. This trade represents a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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. Also, General Counsel Christopher Schmitt sold 18,813 shares of the stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $11.46, for a total transaction of $215,596.98. Following the completion of the transaction, the general counsel owned 1,355,551 shares of the company’s stock, valued at $15,534,614.46. This trade represents a 1.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 sold 534,449 shares of company stock valued at $6,569,848. 1.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SAIL. Bank of America Corp DE grew its position in SailPoint by 40.1% in the first quarter. Bank of America Corp DE now owns 1,764,870 shares of the company’s stock worth $23,367,000 after buying an additional 504,726 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in SailPoint by 178.4% in the first quarter. The Manufacturers Life Insurance Company now owns 105,497 shares of the company’s stock worth $1,397,000 after buying an additional 67,601 shares during the last quarter. Quantinno Capital Management LP grew its position in SailPoint by 531.8% in the first quarter. Quantinno Capital Management LP now owns 251,770 shares of the company’s stock worth $3,333,000 after buying an additional 211,922 shares during the last quarter. Renaissance Technologies LLC acquired a new position in SailPoint in the first quarter worth approximately $5,214,000. Finally, NewEdge Wealth LLC acquired a new position in SailPoint in the first quarter worth approximately $1,508,000.

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.