SailPoint (NASDAQ:SAIL) Trading Down 6.4% – Should You Sell?

SailPoint, Inc. (NASDAQ:SAIL) shares dropped 6.4% during trading on Friday . The stock traded as low as $18.94 and last traded at $18.94. Approximately 440,146 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 2,063,877 shares. The stock had previously closed at $20.23.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SAIL. Weiss Ratings reiterated a “sell (d-)” rating on shares of SailPoint in a report on Monday. BMO Capital Markets reaffirmed an “outperform” rating on shares of SailPoint in a research report on Thursday, December 11th. Baird R W raised shares of SailPoint to a “strong-buy” rating in a research report on Monday, October 27th. Wells Fargo & Company boosted their price target on shares of SailPoint from $20.00 to $23.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 30th. Finally, Barclays lowered their price objective on shares of SailPoint from $25.00 to $23.00 and set an “overweight” rating on the stock in a report on Thursday, December 4th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, SailPoint has a consensus rating of “Moderate Buy” and an average price target of $26.15.

SailPoint Trading Down 5.7%

The firm has a market capitalization of $10.72 billion and a PE ratio of -3.98. The business has a 50-day moving average of $20.21 and a 200 day moving average of $21.05.

SailPoint (NASDAQ:SAIL) last posted its quarterly earnings data on Tuesday, December 9th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. The firm had revenue of $281.94 million for the quarter, compared to the consensus estimate of $270.35 million. SailPoint had a negative net margin of 30.87% and a positive return on equity of 0.16%. SailPoint’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 Transactions at SailPoint

In other news, President Matt Mills sold 61,279 shares of the company’s stock in a transaction that occurred on Thursday, October 9th. The stock was sold at an average price of $22.42, for a total value of $1,373,875.18. Following the completion of the transaction, the president directly owned 1,904,258 shares of the company’s stock, valued at $42,693,464.36. This represents a 3.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Brian Carolan sold 84,699 shares of SailPoint stock in a transaction on Thursday, October 9th. The stock was sold at an average price of $22.42, for a total value of $1,898,951.58. Following the sale, the chief financial officer owned 1,336,628 shares in the company, valued at $29,967,199.76. This trade represents a 5.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,026,454 shares of company stock worth $23,056,195. Company insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On SailPoint

Several large investors have recently made changes to their positions in the business. Blue Trust Inc. boosted its holdings in shares of SailPoint by 4.2% in the 3rd quarter. Blue Trust Inc. now owns 16,886 shares of the company’s stock worth $373,000 after buying an additional 673 shares during the last quarter. Essex Financial Services Inc. boosted its stake in SailPoint by 7.8% in the third quarter. Essex Financial Services Inc. now owns 13,157 shares of the company’s stock valued at $291,000 after acquiring an additional 947 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of SailPoint during the 3rd quarter valued at approximately $31,000. Oppenheimer Asset Management Inc. grew its position in shares of SailPoint by 3.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 46,895 shares of the company’s stock valued at $1,072,000 after acquiring an additional 1,510 shares during the period. Finally, Loomis Sayles & Co. L P purchased a new stake in shares of SailPoint during the 2nd quarter worth approximately $42,000.

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.