SailPoint, Inc. (NASDAQ:SAIL) Receives $20.08 Average PT from Analysts

SailPoint, Inc. (NASDAQ:SAIL) has been given a consensus rating of “Moderate Buy” by the twenty-four research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $20.2591.

Several research firms have recently issued reports on SAIL. Mizuho raised their price objective on SailPoint from $16.00 to $18.00 and gave the stock a “neutral” rating in a report on Wednesday, August 19th. DA Davidson began coverage on SailPoint in a research note on Monday, August 3rd. They issued a “neutral” rating and a $17.00 target price for the company. Wolfe Research reiterated an “outperform” rating and set a $18.00 target price on shares of SailPoint in a research report on Wednesday, June 10th. Jefferies Financial Group lowered SailPoint from a “buy” rating to a “buy” rating in a research note on Wednesday, June 17th. Finally, BMO Capital Markets restated an “outperform” rating on shares of SailPoint in a report on Wednesday, June 10th.

SailPoint Trading Down 1.4%

NASDAQ:SAIL opened at $17.87 on Wednesday. The firm has a 50-day moving average price of $15.98 and a two-hundred day moving average price of $14.68. SailPoint has a twelve month low of $10.30 and a twelve month high of $24.00. The company has a market capitalization of $10.14 billion, a P/E ratio of -66.18, a price-to-earnings-growth ratio of 1.90 and a beta of 2.08.

SailPoint (NASDAQ:SAIL) last announced its earnings results on Tuesday, June 9th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The firm had revenue of $280.14 million for the quarter. SailPoint had a negative net margin of 14.04% and a positive return on equity of 2.31%. The firm’s revenue was up 21.5% compared to the same quarter last year. During the same quarter last year, the business 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. On average, equities research analysts predict that SailPoint will post 0.32 earnings per share for the current year.

Insider Buying and Selling at SailPoint

In related news, CEO Mark D. Mcclain sold 118,194 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $16.29, for a total value of $1,925,380.26. Following the sale, the chief executive officer directly owned 8,187,130 shares of the company’s stock, valued at approximately $133,368,347.70. This trade represents a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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, CFO Brian Carolan sold 46,002 shares of the business’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $15.42, for a total transaction 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 approximately $26,333,381.64. The trade was a 2.62% 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 90 days, insiders sold 499,046 shares of company stock worth $7,959,131. 1.70% of the stock is currently owned by insiders.

Institutional Trading of SailPoint

A number of institutional investors and hedge funds have recently made changes to their positions in SAIL. Gables Capital Management Inc. acquired a new position in SailPoint in the second quarter valued at $29,000. Palladiem LLC acquired a new stake in SailPoint during the fourth quarter worth about $42,000. Kestra Advisory Services LLC acquired a new stake in SailPoint during the fourth quarter worth about $42,000. State of Wyoming purchased a new position in shares of SailPoint in the 2nd quarter worth about $45,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in shares of SailPoint in the 2nd quarter worth about $50,000.

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.