SailPoint, Inc. (SAIL) – What Are Researchers Thinking About This Stock?

Shares of SailPoint, Inc. (NASDAQ:SAIL) have received an average recommendation of “Moderate Buy” from the twenty-eight brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and twenty-one have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $22.20.

SAIL has been the topic of several research analyst reports. Scotiabank reissued an “outperform” rating on shares of SailPoint in a research note on Monday, October 5th. Robert W. Baird lifted their price objective on SailPoint from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Thursday, October 8th. Cantor Fitzgerald upped their price objective on SailPoint from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday. Roth Capital reiterated a “buy” rating and set a $21.00 price target (up from $19.00) on shares of SailPoint in a report on Thursday, September 10th. Finally, Weiss Ratings raised shares of SailPoint from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 13th.

SailPoint Stock Down 5.8%

Shares of NASDAQ:SAIL opened at $19.57 on Thursday. SailPoint has a fifty-two week low of $10.30 and a fifty-two week high of $23.89. The firm’s 50-day simple moving average is $19.42 and its 200-day simple moving average is $15.95. The company has a market cap of $11.17 billion, a price-to-earnings ratio of -57.56, a PEG ratio of 2.20 and a beta of 2.15.

SailPoint (NASDAQ:SAIL) last announced its quarterly earnings data on Wednesday, September 9th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. SailPoint had a positive return on equity of 2.44% and a negative net margin of 16.92%. The company had revenue of $308.81 million for the quarter. During the same period in the prior year, the firm posted ($0.02) EPS. SailPoint’s revenue for the quarter was up 17.0% compared to the same quarter last year. SailPoint has set its FY 2027 guidance at 0.300-0.340 EPS and its Q3 2027 guidance at 0.070-0.080 EPS. On average, research analysts forecast that SailPoint will post 0.33 EPS for the current year.

Insider Buying and Selling at SailPoint

In related news, CEO Mark D. Mcclain sold 115,356 shares of SailPoint stock in a transaction on Wednesday, October 7th. The shares were sold at an average price of $19.71, for a total transaction of $2,273,666.76. Following the transaction, the chief executive officer owned 7,874,621 shares in the company, valued at approximately $155,208,779.91. The trade was a 1.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 23,367 shares of the company’s stock in a transaction that occurred on Wednesday, October 7th. The stock was sold at an average price of $19.71, for a total value of $460,563.57. Following the completion of the transaction, the general counsel owned 1,268,311 shares of the company’s stock, valued at approximately $24,998,409.81. This represents a 1.81% decrease in their position. 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 quarter, insiders sold 510,804 shares of company stock worth $10,215,738. 1.70% of the stock is currently owned by company insiders.

Institutional Trading of SailPoint

Several large investors have recently modified their holdings of the business. FNY Investment Advisers LLC lifted its position in shares of SailPoint by 12.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 8,400 shares of the company’s stock valued at $122,000 after acquiring an additional 900 shares during the last quarter. Outfitters Financial LLC lifted its stake in SailPoint by 4.8% in the 2nd quarter. Outfitters Financial LLC now owns 41,175 shares of the company’s stock worth $603,000 after acquiring an additional 1,900 shares in the last quarter. Gables Capital Management Inc. acquired a new position in shares of SailPoint in the 2nd quarter valued at about $29,000. Handelsbanken Fonder AB boosted its holdings in shares of SailPoint by 13.9% during the second quarter. Handelsbanken Fonder AB now owns 18,000 shares of the company’s stock worth $264,000 after purchasing an additional 2,200 shares during the period. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in SailPoint during the second quarter valued at $50,000.

SailPoint Company Profile

SailPoint, Inc (NASDAQ:SAIL) is an identity security company that helps organizations manage and protect digital identities and access to applications, data, and other technology resources. Its software is designed to help enterprises determine who should have access to specific resources, enforce access policies, and identify and address inappropriate or excessive access.

The company’s offerings include its cloud-based identity security platform, which supports identity governance, access management, lifecycle automation, compliance, and analytics.