SailPoint (NASDAQ:SAIL) Trading Up 6.5% – Still a Buy?

SailPoint, Inc. (NASDAQ:SAIL) shares traded up 6.5% on Tuesday . The company traded as high as $16.91 and last traded at $16.88. 2,757,018 shares changed hands during mid-day trading, a decline of 23% from the average session volume of 3,586,911 shares. The stock had previously closed at $15.85.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. The Goldman Sachs Group restated a “neutral” rating and issued a $19.00 price target on shares of SailPoint in a research report on Wednesday, June 10th. Wells Fargo & Company upped their price objective on SailPoint from $17.00 to $19.00 and gave the company an “overweight” rating in a research report on Wednesday, June 10th. BMO Capital Markets reiterated an “outperform” rating on shares of SailPoint in a report on Wednesday, June 10th. Jefferies Financial Group downgraded SailPoint from a “buy” rating to a “buy” rating in a report on Wednesday, June 17th. Finally, Robert W. Baird lowered their target price on SailPoint from $26.00 to $22.00 and set an “outperform” rating for the company in a research note on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.29.

SailPoint Stock Performance

The firm has a market cap of $9.36 billion, a price-to-earnings ratio of -61.04, a PEG ratio of 1.70 and a beta of 2.20. The stock’s fifty day moving average is $14.39 and its two-hundred day moving average is $15.22.

SailPoint (NASDAQ:SAIL) last issued 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. SailPoint had a negative net margin of 14.04% and a positive return on equity of 2.31%. The business had revenue of $280.14 million for the quarter. During the same quarter in the prior year, the firm earned $0.01 earnings per share. SailPoint’s revenue for the quarter was up 21.5% compared to the same quarter last year. SailPoint has set its Q2 2027 guidance at 0.070-0.080 EPS and its FY 2027 guidance at 0.300-0.340 EPS. Sell-side analysts predict that SailPoint, Inc. will post 0.32 earnings per share for the current year.

Insider Activity at SailPoint

In other SailPoint news, CAO Mitra Rezvan sold 7,487 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $20.00, for a total value of $149,740.00. Following the completion of the sale, the chief accounting officer directly owned 189,476 shares of the company’s stock, valued at $3,789,520. The trade was a 3.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Carolan sold 47,444 shares of the stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $11.46, for a total value of $543,708.24. Following the transaction, the chief financial officer directly owned 1,786,212 shares in the company, valued at approximately $20,469,989.52. This represents a 2.59% decrease in their position. 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. In the last ninety days, insiders sold 387,789 shares of company stock valued at $4,704,332. Corporate insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On SailPoint

Large investors have recently made changes to their positions in the company. Palladiem LLC bought a new position in SailPoint in the 4th quarter valued at $42,000. Kestra Advisory Services LLC acquired a new stake in SailPoint in the fourth quarter worth about $42,000. State of Wyoming acquired a new stake in SailPoint in the second quarter worth about $45,000. CWM LLC raised its holdings in SailPoint by 315.6% during the 4th quarter. CWM LLC now owns 2,656 shares of the company’s stock worth $54,000 after purchasing an additional 2,017 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in SailPoint by 208.2% during the 4th quarter. Farther Finance Advisors LLC now owns 3,070 shares of the company’s stock valued at $62,000 after purchasing an additional 2,074 shares during the period.

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.