SailPoint (NASDAQ:SAIL) Upgraded to “Strong-Buy” at Wells Fargo & Company

SailPoint (NASDAQ:SAIL) was upgraded by stock analysts at Wells Fargo & Company to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

Several other research firms also recently weighed in on SAIL. Cantor Fitzgerald restated an “overweight” rating on shares of SailPoint in a report on Wednesday, December 3rd. Scotiabank cut their target price on shares of SailPoint from $25.00 to $24.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, December 10th. Truist Financial reduced their price target on shares of SailPoint from $29.00 to $23.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Royal Bank Of Canada reiterated an “outperform” rating and set a $23.00 price objective on shares of SailPoint in a research note on Wednesday, February 11th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of SailPoint in a research note on Monday, December 29th. Four equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, SailPoint has an average rating of “Moderate Buy” and an average target price of $24.27.

SailPoint Stock Performance

SailPoint stock opened at $14.20 on Monday. The company has a market capitalization of $7.98 billion and a PE ratio of -2.96. The company has a 50 day moving average price of $17.12 and a 200-day moving average price of $19.59. SailPoint has a fifty-two week low of $12.81 and a fifty-two week high of $24.95.

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

Insiders Place Their Bets

In related news, General Counsel Christopher Schmitt sold 11,908 shares of the company’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $19.23, for a total transaction of $228,990.84. Following the transaction, the general counsel directly owned 1,057,956 shares of the company’s stock, valued at $20,344,493.88. This represents a 1.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Mark D. Mcclain sold 61,106 shares of the stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $19.23, for a total value of $1,175,068.38. Following the completion of the sale, the chief executive officer owned 7,139,202 shares of the company’s stock, valued at approximately $137,286,854.46. This trade represents a 0.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 354,243 shares of company stock valued at $6,924,823 in the last 90 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SAIL. Stephens Investment Management Group LLC raised its stake in SailPoint by 10.9% in the 3rd quarter. Stephens Investment Management Group LLC now owns 1,679,495 shares of the company’s stock worth $37,083,000 after acquiring an additional 165,741 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of SailPoint by 3,022.4% in the second quarter. Bank of New York Mellon Corp now owns 481,908 shares of the company’s stock valued at $11,016,000 after purchasing an additional 466,474 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of SailPoint by 86.0% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 167,021 shares of the company’s stock valued at $3,688,000 after purchasing an additional 77,237 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of SailPoint in the third quarter worth about $26,365,000. Finally, OFI Invest Asset Management acquired a new stake in shares of SailPoint during the third quarter worth about $11,133,000.

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.