SailPoint (NASDAQ:SAIL) Releases Q3 2027 Earnings Guidance

SailPoint (NASDAQ:SAIL) issued an update on its third quarter 2027 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.070-0.080 for the period, compared to the consensus EPS estimate of 0.080. The company issued revenue guidance of $326.0 million-$330.0 million, compared to the consensus revenue estimate of $328.4 million. SailPoint also updated its FY 2027 guidance to 0.300-0.340 EPS.

SailPoint Stock Performance

SAIL stock opened at $17.79 on Wednesday. The stock has a market capitalization of $10.09 billion, a PE ratio of -65.89, a price-to-earnings-growth ratio of 1.97 and a beta of 2.17. The company has a fifty day moving average of $17.17 and a 200-day moving average of $14.95. SailPoint has a one year low of $10.30 and a one year high of $24.00.

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 2.31% and a negative net margin of 14.04%.The company had revenue of $308.81 million for the quarter. SailPoint has set its FY 2027 guidance at 0.300-0.340 EPS and its Q3 2027 guidance at 0.070-0.080 EPS. Equities analysts forecast that SailPoint will post 0.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. BMO Capital Markets restated an “outperform” rating on shares of SailPoint in a research report on Wednesday, June 10th. Jefferies Financial Group restated a “buy” rating and set a $23.00 target price on shares of SailPoint in a research report on Friday. Weiss Ratings raised SailPoint from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 13th. Wells Fargo & Company raised their price target on SailPoint from $19.00 to $22.00 and gave the company an “overweight” rating in a research report on Monday, August 17th. Finally, Scotiabank reiterated a “sector outperform” rating and issued a $19.00 price objective (up from $16.00) on shares of SailPoint in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $20.55.

Insider Activity

In other SailPoint news, CFO Brian Carolan sold 46,002 shares of the stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $15.42, for a total value of $709,350.84. Following the completion of the sale, the chief financial officer owned 1,707,742 shares of the company’s stock, valued at $26,333,381.64. This trade represents a 2.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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, General Counsel Christopher Schmitt sold 23,940 shares of the business’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $16.29, for a total transaction of $389,982.60. Following the transaction, the general counsel directly owned 1,331,611 shares in the company, valued at approximately $21,691,943.19. The trade was a 1.77% decrease in their ownership of the stock. 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. Insiders sold a total of 491,559 shares of company stock valued at $7,809,391 over the last quarter. 1.70% of the stock is owned by insiders.

Hedge Funds Weigh In On SailPoint

A number of institutional investors have recently added to or reduced their stakes in SAIL. Cerity Partners LLC boosted its position in SailPoint by 0.8% in the 4th quarter. Cerity Partners LLC now owns 115,604 shares of the company’s stock valued at $2,339,000 after buying an additional 923 shares during the last quarter. Federation des caisses Desjardins du Quebec increased its position 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 acquiring an additional 1,528 shares during the last quarter. State of Wyoming acquired a new position in shares of SailPoint in the second quarter worth about $45,000. one8zero8 LLC boosted its holdings in SailPoint by 2.0% in the fourth quarter. one8zero8 LLC now owns 105,550 shares of the company’s stock valued at $2,135,000 after purchasing an additional 2,050 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in SailPoint in the fourth quarter valued at about $42,000.

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.