SailPoint (NASDAQ:SAIL) Issues FY 2027 Earnings Guidance

SailPoint (NASDAQ:SAIL) issued an update on its FY 2027 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.300-0.340 for the period, compared to the consensus estimate of 0.320. The company issued revenue guidance of $1.3 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 billion. SailPoint also updated its Q3 2027 guidance to 0.070-0.080 EPS.

SailPoint Price Performance

NASDAQ:SAIL opened at $17.79 on Wednesday. SailPoint has a 1-year low of $10.30 and a 1-year high of $24.00. The company has a 50-day moving average of $17.17 and a 200 day moving average of $14.95. The firm has a market cap 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.

SailPoint (NASDAQ:SAIL) last posted its quarterly earnings results on Wednesday, September 9th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 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 $308.81 million during 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. Sell-side analysts anticipate that SailPoint will post 0.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SAIL has been the subject of a number of analyst reports. Cantor Fitzgerald upped their target price on SailPoint from $23.00 to $25.00 and gave the stock an “overweight” rating in a report on Tuesday, September 1st. TD Cowen lifted their target price on SailPoint from $19.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, August 17th. Royal Bank Of Canada increased their price target on shares of SailPoint from $19.00 to $22.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. BTIG Research reissued a “buy” rating and set a $18.00 target price on shares of SailPoint in a research report on Tuesday, June 9th. Finally, DA Davidson initiated coverage on shares of SailPoint in a report on Monday, August 3rd. They issued a “neutral” rating and a $17.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.55.

Insiders Place Their Bets

In other news, President Matt Mills sold 43,485 shares of SailPoint stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $16.29, for a total transaction of $708,370.65. Following the completion of the sale, the president directly owned 2,407,849 shares in the company, valued at approximately $39,223,860.21. The trade was a 1.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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, insider Abby Payne sold 21,542 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $16.29, for a total value of $350,919.18. Following the completion of the transaction, the insider owned 908,964 shares of the company’s stock, valued at approximately $14,807,023.56. The trade was a 2.32% 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. In the last quarter, insiders have sold 491,559 shares of company stock valued at $7,809,391. Corporate insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On SailPoint

Hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of SailPoint during the 2nd quarter valued at approximately $64,453,000. UBS Group AG grew its position in SailPoint by 116.3% during the third quarter. UBS Group AG now owns 4,128,038 shares of the company’s stock valued at $91,147,000 after buying an additional 2,219,593 shares during the period. Artisan Partners Limited Partnership acquired a new stake in SailPoint during the fourth quarter valued at $35,203,000. Schonfeld Strategic Advisors LLC purchased a new position in SailPoint in the fourth quarter valued at $20,778,000. Finally, Ameriprise Financial Inc. raised its position in shares of SailPoint by 175.9% in the third quarter. Ameriprise Financial Inc. now owns 1,594,605 shares of the company’s stock worth $35,209,000 after acquiring an additional 1,016,724 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.