SailPoint (NASDAQ:SAIL) Given Buy Rating at BTIG Research

SailPoint (NASDAQ:SAIL)‘s stock had its “buy” rating restated by investment analysts at BTIG Research in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. They presently have a $29.00 price target on the stock. BTIG Research’s price objective suggests a potential upside of 44.06% from the company’s current price.

Several other equities analysts also recently commented on the stock. Baird R W upgraded shares of SailPoint to a “strong-buy” rating in a research note on Monday, October 27th. Cantor Fitzgerald reiterated an “overweight” rating on shares of SailPoint in a report on Wednesday, December 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of SailPoint in a report on Monday, December 29th. Wolfe Research started coverage on SailPoint in a research report on Monday, October 20th. They issued an “outperform” rating and a $27.00 price target on the stock. Finally, Robert W. Baird started coverage on SailPoint in a research report on Monday, October 27th. They set an “outperform” rating and a $26.00 price objective for the company. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, SailPoint currently has a consensus rating of “Moderate Buy” and an average price target of $26.01.

SailPoint Price Performance

Shares of NASDAQ:SAIL opened at $20.13 on Thursday. The firm has a market capitalization of $11.31 billion and a PE ratio of -4.20. SailPoint has a 1 year low of $15.05 and a 1 year high of $26.35. The firm’s 50-day moving average is $19.99 and its two-hundred day moving average is $20.94.

SailPoint (NASDAQ:SAIL) last posted its quarterly earnings data on Tuesday, December 9th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.06 by $0.02. SailPoint had a negative net margin of 30.87% and a positive return on equity of 0.16%. The business had revenue of $281.94 million during the quarter, compared to analyst estimates of $270.35 million. The company’s revenue was up 19.8% on a year-over-year basis. 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 Buying and Selling at SailPoint

In related news, Director Ronald J. Green sold 8,450 shares of the business’s stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $21.84, for a total transaction of $184,548.00. Following the completion of the sale, the director owned 35,211 shares in the company, valued at $769,008.24. The trade was a 19.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.00% of the company’s stock.

Institutional Trading of SailPoint

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. 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 valued at $373,000 after buying an additional 673 shares in the last quarter. Essex Financial Services Inc. raised its stake in SailPoint by 7.8% during the 3rd quarter. Essex Financial Services Inc. now owns 13,157 shares of the company’s stock worth $291,000 after acquiring an additional 947 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in SailPoint in the third quarter valued at $31,000. Oppenheimer Asset Management Inc. boosted its stake in SailPoint by 3.3% in the second 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 in the last quarter. Finally, Loomis Sayles & Co. L P acquired a new position in SailPoint in the second quarter valued at $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.