SailPoint (NASDAQ:SAIL) Given New $25.00 Price Target at Cantor Fitzgerald

SailPoint (NASDAQ:SAIL) had its price target raised by stock analysts at Cantor Fitzgerald from $23.00 to $25.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Cantor Fitzgerald’s price objective suggests a potential upside of 21.60% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. BMO Capital Markets reissued an “outperform” rating on shares of SailPoint in a report on Wednesday, June 10th. Stephens restated an “overweight” rating and issued a $20.00 price objective on shares of SailPoint in a research note on Wednesday, June 17th. Roth Capital began coverage on SailPoint in a research report on Wednesday, May 20th. They set a “buy” rating and a $19.00 price target on the stock. Royal Bank Of Canada upped their target price on shares of SailPoint from $19.00 to $22.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Finally, Rosenblatt Securities initiated coverage on shares of SailPoint in a research note on Wednesday, July 8th. They issued a “neutral” rating and a $16.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $20.44.

SailPoint Stock Performance

SailPoint stock opened at $20.56 on Tuesday. SailPoint has a fifty-two week low of $10.30 and a fifty-two week high of $24.00. The firm has a 50 day moving average price of $16.52 and a 200 day moving average price of $14.82. The company has a market capitalization of $11.66 billion, a PE ratio of -76.15, a price-to-earnings-growth ratio of 2.08 and a beta of 2.07.

SailPoint (NASDAQ:SAIL) last announced its quarterly earnings data on Tuesday, June 9th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. SailPoint had a positive return on equity of 2.31% and a negative net margin of 14.04%.The business had revenue of $280.14 million for the quarter. During the same quarter in the previous year, the business posted $0.01 earnings per share. The firm’s revenue was up 21.5% on a year-over-year basis. SailPoint has set its Q2 2027 guidance at 0.070-0.080 EPS and its FY 2027 guidance at 0.300-0.340 EPS. As a group, equities research analysts forecast that SailPoint will post 0.32 earnings per share for the current year.

Insider Buying and Selling

In related news, President Matt Mills sold 43,485 shares of the company’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $16.29, for a total value of $708,370.65. Following the completion of the transaction, the president directly owned 2,407,849 shares in the company, valued at approximately $39,223,860.21. This represents a 1.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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, CFO Brian Carolan sold 46,002 shares of the stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $15.42, for a total transaction of $709,350.84. Following the transaction, the chief financial officer directly owned 1,707,742 shares in the company, valued at approximately $26,333,381.64. This represents a 2.62% decrease in their position. 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 worth $7,809,391 in the last three months. 1.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On SailPoint

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SAIL. Royal Bank of Canada purchased a new position in SailPoint in the 1st quarter valued at about $1,146,000. Goldman Sachs Group Inc. purchased a new stake in shares of SailPoint during the first quarter worth about $7,546,000. JPMorgan Chase & Co. purchased a new stake in shares of SailPoint during the second quarter worth about $692,000. Rhumbline Advisers acquired a new position in shares of SailPoint in the second quarter worth about $1,047,000. Finally, New York State Common Retirement Fund acquired a new position in shares of SailPoint in the second quarter worth about $572,000.

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.