SailPoint, Inc. (NASDAQ:SAIL) Receives $20.08 Average PT from Analysts

SailPoint, Inc. (NASDAQ:SAIL) has received an average rating of “Moderate Buy” from the twenty-three ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $20.0810.

Several brokerages have weighed in on SAIL. BTIG Research reaffirmed a “buy” rating and set a $18.00 price target on shares of SailPoint in a research report on Tuesday, June 9th. Weiss Ratings reissued a “sell (e+)” rating on shares of SailPoint in a report on Wednesday, June 17th. TD Cowen restated a “buy” rating on shares of SailPoint in a research note on Wednesday, June 17th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $23.00 target price on shares of SailPoint in a report on Wednesday, June 17th. Finally, Truist Financial set a $18.00 target price on SailPoint in a report on Wednesday, June 17th.

SailPoint Price Performance

SAIL stock opened at $15.34 on Friday. The company has a market capitalization of $8.70 billion, a P/E ratio of -56.81, a price-to-earnings-growth ratio of 1.66 and a beta of 2.20. SailPoint has a 12 month low of $10.30 and a 12 month high of $24.00. The firm’s fifty day simple moving average is $15.23 and its 200-day simple moving average is $14.63.

SailPoint (NASDAQ:SAIL) last issued its earnings results on Tuesday, June 9th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. The firm had revenue of $280.14 million during the quarter. SailPoint had a negative net margin of 14.04% and a positive return on equity of 2.31%. The company’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same period last year, the business earned $0.01 EPS. SailPoint has set its Q2 2027 guidance at 0.070-0.080 EPS and its FY 2027 guidance at 0.300-0.340 EPS. As a group, sell-side analysts forecast that SailPoint will post 0.33 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Brian Carolan sold 46,002 shares of SailPoint stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $15.42, for a total transaction of $709,350.84. Following the completion of the transaction, the chief financial officer directly owned 1,707,742 shares of the company’s stock, valued at $26,333,381.64. The trade was a 2.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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, EVP Chandrasekar Gnanasambandam sold 19,540 shares of the business’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $15.42, for a total transaction of $301,306.80. Following the completion of the transaction, the executive vice president owned 934,508 shares of the company’s stock, valued at approximately $14,410,113.36. This represents a 2.05% decrease in their ownership of the stock. 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. In the last quarter, insiders have sold 497,832 shares of company stock worth $7,934,851. Corporate insiders own 1.70% of the company’s stock.

Institutional Trading of SailPoint

A number of hedge funds have recently added to or reduced their stakes in SAIL. Norges Bank purchased a new position in SailPoint in the fourth quarter valued at $234,681,000. Wasatch Advisors LP purchased a new stake in shares of SailPoint during the 2nd quarter worth about $66,173,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of SailPoint during the 2nd quarter valued at about $64,453,000. UBS Group AG grew its position in shares of SailPoint by 116.3% during the 3rd quarter. UBS Group AG now owns 4,128,038 shares of the company’s stock valued at $91,147,000 after acquiring an additional 2,219,593 shares during the period. Finally, Artisan Partners Limited Partnership purchased a new position in shares of SailPoint in the 4th quarter valued at about $35,203,000.

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.