SailPoint (NASDAQ:SAIL) Updates Q3 2027 Earnings Guidance

SailPoint (NASDAQ:SAIL) issued an update on its third quarter 2027 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.070-0.080 for the period, compared to the consensus EPS estimate of 0.080. The company issued revenue guidance of $326.0 million-$330.0 million, compared to the consensus revenue estimate of $328.4 million. SailPoint also updated its FY 2027 guidance to 0.300-0.340 EPS.

SailPoint Price Performance

NASDAQ:SAIL opened at $17.79 on Wednesday. SailPoint has a one year low of $10.30 and a one year high of $24.00. The company has a fifty day moving average price of $17.17 and a 200 day moving average price of $14.95. The stock has a market cap of $10.09 billion, a P/E ratio of -65.89, a PEG 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 earnings per share (EPS) for the quarter. SailPoint had a negative net margin of 14.04% and a positive return on equity of 2.31%. The company had revenue of $308.81 million for 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. As a group, equities research analysts anticipate that SailPoint will post 0.32 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SAIL. Stephens reissued an “overweight” rating and set a $20.00 target price on shares of SailPoint in a research report on Wednesday, June 17th. TD Cowen lifted their price objective on SailPoint from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, August 17th. Cantor Fitzgerald upped their target price on SailPoint from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Tuesday, September 1st. Jefferies Financial Group reaffirmed a “buy” rating and issued a $23.00 target price on shares of SailPoint in a research report on Friday. Finally, BTIG Research reissued a “buy” rating and issued a $18.00 price target on shares of SailPoint in a report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $20.55.

Insider Activity at SailPoint

In other SailPoint news, CFO Brian Carolan sold 46,002 shares of SailPoint 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 sale, the chief financial officer directly 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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, CAO Mitra Rezvan sold 3,881 shares of the company’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 value of $59,845.02. Following the completion of the sale, the chief accounting officer owned 182,641 shares in the company, valued at approximately $2,816,324.22. This represents a 2.08% 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. In the last ninety days, insiders sold 491,559 shares of company stock valued at $7,809,391. Corporate insiders own 1.70% of the company’s stock.

Institutional Trading of SailPoint

Large investors have recently bought and sold shares of the stock. Vident Advisory LLC lifted its holdings in shares of SailPoint by 6.4% during the fourth quarter. Vident Advisory LLC now owns 55,823 shares of the company’s stock valued at $1,129,000 after acquiring an additional 3,370 shares during the period. one8zero8 LLC increased its position in shares of SailPoint by 2.0% during the 4th quarter. one8zero8 LLC now owns 105,550 shares of the company’s stock worth $2,135,000 after purchasing an additional 2,050 shares in the last quarter. Occudo Quantitative Strategies LP acquired a new stake in shares of SailPoint during the 4th quarter worth about $606,000. Balyasny Asset Management L.P. lifted its holdings in SailPoint by 126.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 535,475 shares of the company’s stock valued at $10,833,000 after purchasing an additional 299,356 shares during the last quarter. Finally, Freestone Grove Partners LP boosted its position in SailPoint by 69.8% in the fourth quarter. Freestone Grove Partners LP now owns 500,000 shares of the company’s stock valued at $10,115,000 after buying an additional 205,606 shares in the last quarter.

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.