SailPoint (NASDAQ:SAIL) Trading Up 8.7% – Time to Buy?

SailPoint, Inc. (NASDAQ:SAIL)’s share price rose 8.7% during trading on Wednesday . The stock traded as high as $15.64 and last traded at $15.91. 601,542 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 3,569,745 shares. The stock had previously closed at $14.64.

Wall Street Analysts Forecast Growth

SAIL has been the subject of a number of recent analyst reports. Cantor Fitzgerald reissued an “overweight” rating and set a $23.00 price objective on shares of SailPoint in a research report on Wednesday, June 17th. BTIG Research reaffirmed a “buy” rating and set a $18.00 target price on shares of SailPoint in a research note on Tuesday, June 9th. TD Cowen reiterated a “buy” rating on shares of SailPoint in a research report on Wednesday, June 17th. Royal Bank Of Canada reissued an “outperform” rating and issued a $19.00 price target on shares of SailPoint in a research note on Wednesday, June 17th. Finally, Jefferies Financial Group lowered shares of SailPoint from a “buy” rating to a “buy” rating in a report on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have assigned 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 a consensus price target of $20.08.

SailPoint Stock Performance

The company has a market capitalization of $8.85 billion, a price-to-earnings ratio of -57.83, a P/E/G ratio of 1.53 and a beta of 2.02. The firm has a 50-day simple moving average of $14.12 and a two-hundred day simple moving average of $15.38.

SailPoint (NASDAQ:SAIL) last announced its quarterly earnings data on Tuesday, June 9th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter last year, the firm posted $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, equities analysts forecast that SailPoint, Inc. will post 0.32 EPS for the current fiscal year.

Insiders Place Their Bets

In other SailPoint news, General Counsel Christopher Schmitt sold 18,813 shares of the business’s stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $11.46, for a total value of $215,596.98. Following the completion of the transaction, the general counsel owned 1,355,551 shares in the company, valued at $15,534,614.46. The trade was a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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, President Matt Mills sold 34,171 shares of the stock in a transaction 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 sale, the president owned 2,451,334 shares in the company, valued at approximately $28,092,287.64. The trade was a 1.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 quarter, insiders have sold 534,449 shares of company stock valued at $6,569,848. Corporate insiders own 1.70% of the company’s stock.

Institutional Trading of SailPoint

Hedge funds have recently added to or reduced their stakes in the company. Cerity Partners LLC grew its holdings in SailPoint by 0.8% during the 4th quarter. Cerity Partners LLC now owns 115,604 shares of the company’s stock worth $2,339,000 after acquiring an additional 923 shares in the last quarter. Main Management ETF Advisors LLC raised its holdings in shares of SailPoint by 1.0% in the 4th quarter. Main Management ETF Advisors LLC now owns 102,573 shares of the company’s stock valued at $2,075,000 after purchasing an additional 1,048 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of SailPoint during the 3rd quarter worth $31,000. Federation des caisses Desjardins du Quebec grew its stake in shares of SailPoint by 24.1% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 7,871 shares of the company’s stock worth $159,000 after purchasing an additional 1,528 shares in the last quarter. Finally, State of Wyoming acquired a new position in shares of SailPoint during the second quarter worth $45,000.

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.