SailPoint (NASDAQ:SAIL – Get Free Report) updated its third quarter 2026 earnings guidance on Tuesday. The company provided EPS guidance of 0.050-0.06 for the period, compared to the consensus EPS estimate of 0.070. The company issued revenue guidance of $269.0 million-$271.0 million, compared to the consensus revenue estimate of $276.5 million. SailPoint also updated its FY 2026 guidance to 0.200-0.220 EPS.
Wall Street Analyst Weigh In
Several research analysts have issued reports on the company. JPMorgan Chase & Co. raised SailPoint from a “neutral” rating to an “overweight” rating and set a $26.00 price target on the stock in a report on Wednesday, August 13th. The Goldman Sachs Group reissued a “neutral” rating on shares of SailPoint in a research note on Wednesday, June 11th. Stephens raised shares of SailPoint to a “strong-buy” rating in a research note on Tuesday, August 12th. BMO Capital Markets reissued an “outperform” rating and set a $25.00 target price on shares of SailPoint in a research note on Tuesday. Finally, Arete initiated coverage on shares of SailPoint in a research note on Monday, July 7th. They set a “sell” rating and a $16.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.48.
View Our Latest Stock Analysis on SailPoint
SailPoint Stock Performance
SailPoint (NASDAQ:SAIL – Get Free Report) last issued its quarterly earnings results on Tuesday, September 9th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. The business’s revenue for the quarter was up 32.9% compared to the same quarter last year. SailPoint has set its FY 2026 guidance at 0.200-0.220 EPS. Q3 2026 guidance at 0.050-0.06 EPS.
Institutional Investors Weigh In On SailPoint
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SAIL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in SailPoint in the 2nd quarter valued at $64,453,000. Balyasny Asset Management L.P. increased its stake in SailPoint by 141.8% in the 2nd quarter. Balyasny Asset Management L.P. now owns 869,026 shares of the company’s stock valued at $19,866,000 after buying an additional 509,676 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in SailPoint in the 1st quarter valued at $7,546,000. First Trust Advisors LP acquired a new stake in SailPoint in the 2nd quarter valued at $5,646,000. Finally, Bank of America Corp DE increased its stake in SailPoint by 28.6% in the 2nd quarter. Bank of America Corp DE now owns 497,917 shares of the company’s stock valued at $11,382,000 after buying an additional 110,667 shares during the last quarter.
SailPoint Company Profile
SailPoint, Inc delivers solutions to enable comprehensive identity security for the enterprise. Its solutions enable organizations to establish, control, and automate policies that help them define and maintain a robust security posture and achieve regulatory compliance. The company was founded by Mark David McClain in 2005 and is headquartered in Austin, TX.
Featured Stories
- Five stocks we like better than SailPoint
- What is a penny stock? A comprehensive guide
- August’s Most Upgraded: 3 Stocks With +20 Price Target Increases
- How to Find Undervalued Stocks
- Is Qualcomm Tesla’s Next Rival in Autonomous Driving?
- 3 Warren Buffett Stocks to Buy Now
- 3 Under-the-Radar Biotechs Under $5 That Could Soar 200%
Receive News & Ratings for SailPoint Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SailPoint and related companies with MarketBeat.com's FREE daily email newsletter.