SailPoint’s (SAIL) “Sell (D+)” Rating Reaffirmed at Weiss Ratings

SailPoint (NASDAQ:SAIL)‘s stock had its “sell (d+)” rating reaffirmed by stock analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Other research analysts have also recently issued reports about the company. BMO Capital Markets reduced their price objective on SailPoint from $27.00 to $25.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 9th. Wells Fargo & Company raised their price objective on SailPoint from $20.00 to $23.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 30th. Stephens raised SailPoint to a “strong-buy” rating in a research note on Tuesday, August 12th. BTIG Research reaffirmed a “buy” rating and set a $29.00 price objective on shares of SailPoint in a research note on Tuesday, September 30th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of SailPoint in a research note on Wednesday, June 11th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $25.58.

SailPoint Price Performance

SAIL opened at $22.43 on Wednesday. SailPoint has a 52 week low of $15.05 and a 52 week high of $26.35. The business’s fifty day simple moving average is $21.12 and its 200 day simple moving average is $20.05.

SailPoint (NASDAQ:SAIL) last released its earnings results on Tuesday, September 9th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. The firm had revenue of $264.36 million during the quarter, compared to the consensus estimate of $243.41 million. SailPoint’s revenue 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 Trading of SailPoint

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. lifted its holdings in SailPoint by 3.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 46,895 shares of the company’s stock worth $1,072,000 after buying an additional 1,510 shares during the period. Assetmark Inc. purchased a new stake in SailPoint in the first quarter worth about $32,000. Loomis Sayles & Co. L P purchased a new stake in SailPoint in the second quarter worth about $42,000. State of Wyoming purchased a new stake in SailPoint in the second quarter worth about $45,000. Finally, Kayne Anderson Rudnick Investment Management LLC purchased a new stake in SailPoint in the first quarter worth about $49,000.

About SailPoint

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.