SailPoint’s (SAIL) “Overweight” Rating Reaffirmed at Cantor Fitzgerald

SailPoint (NASDAQ:SAIL)‘s stock had its “overweight” rating reiterated by equities research analysts at Cantor Fitzgerald in a report issued on Wednesday,Benzinga reports. They currently have a $23.00 price objective on the stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 66.86% from the company’s current price.

A number of other brokerages have also recently commented on SAIL. The Goldman Sachs Group restated a “neutral” rating and set a $19.00 price target on shares of SailPoint in a research note on Wednesday, June 10th. Jefferies Financial Group cut shares of SailPoint from a “buy” rating to a “buy” rating in a research note on Wednesday. FBN Securities initiated coverage on shares of SailPoint in a research note on Tuesday, February 24th. They set an “outperform” rating and a $18.00 price target for the company. Robert W. Baird cut their price target on shares of SailPoint from $26.00 to $22.00 and set an “outperform” rating for the company in a research note on Thursday, March 19th. Finally, Wolfe Research restated an “outperform” rating and set a $18.00 price target on shares of SailPoint in a research note on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $20.08.

SailPoint Stock Down 2.2%

SAIL traded down $0.31 during midday trading on Wednesday, reaching $13.78. 1,170,310 shares of the company’s stock were exchanged, compared to its average volume of 3,439,616. The firm has a market capitalization of $7.82 billion, a price-to-earnings ratio of -51.05, a price-to-earnings-growth ratio of 2.04 and a beta of 2.02. SailPoint has a one year low of $10.30 and a one year high of $24.95. The business has a 50-day simple moving average of $13.82 and a two-hundred day simple moving average of $15.82.

SailPoint (NASDAQ:SAIL) last announced its quarterly earnings results on Tuesday, June 9th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The firm had revenue of $280.14 million during the quarter. SailPoint had a negative net margin of 14.04% and a positive return on equity of 2.31%. The firm’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $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. As a group, research analysts anticipate that SailPoint will post 0.32 EPS for the current fiscal year.

Insider Transactions at SailPoint

In related news, EVP Chandrasekar Gnanasambandam sold 20,082 shares of the business’s stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $11.46, for a total value of $230,139.72. Following the completion of the transaction, the executive vice president owned 968,926 shares in the company, valued at $11,103,891.96. The trade was a 2.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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, General Counsel Christopher Schmitt sold 18,813 shares of the business’s stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $11.46, for a total transaction of $215,596.98. Following the completion of the transaction, the general counsel owned 1,355,551 shares of the company’s stock, valued at $15,534,614.46. This trade represents a 1.37% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 have sold a total of 534,449 shares of company stock worth $6,569,848 over the last ninety days. 1.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd bought a new stake in SailPoint in the 3rd quarter valued at $31,000. Palladiem LLC bought a new stake in SailPoint in the 4th quarter valued at $42,000. Kestra Advisory Services LLC bought a new stake in SailPoint in the 4th quarter valued at $42,000. State of Wyoming bought a new stake in SailPoint in the 2nd quarter valued at $45,000. Finally, CWM LLC lifted its position in SailPoint by 315.6% in the 4th quarter. CWM LLC now owns 2,656 shares of the company’s stock valued at $54,000 after acquiring an additional 2,017 shares in the last quarter.

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.