Mizuho Lowers SailPoint (NASDAQ:SAIL) Price Target to $20.00

SailPoint (NASDAQ:SAIL) had its price target lowered by equities researchers at Mizuho from $23.00 to $20.00 in a report issued on Tuesday, MarketBeat Ratings reports. The brokerage presently has a “neutral” rating on the stock. Mizuho’s target price indicates a potential upside of 24.30% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on SAIL. Cantor Fitzgerald reissued an “overweight” rating on shares of SailPoint in a research report on Wednesday, December 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SailPoint in a research note on Monday, December 29th. BTIG Research reissued a “buy” rating and set a $29.00 target price on shares of SailPoint in a research report on Thursday, January 8th. Wolfe Research began coverage on shares of SailPoint in a report on Monday, October 20th. They issued an “outperform” rating and a $27.00 price target on the stock. Finally, The Goldman Sachs Group decreased their price objective on shares of SailPoint from $25.00 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, January 28th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.37.

SailPoint Stock Performance

SAIL opened at $16.09 on Tuesday. SailPoint has a 1 year low of $13.72 and a 1 year high of $25.75. The company’s 50 day simple moving average is $18.38 and its 200 day simple moving average is $19.95. The stock has a market capitalization of $9.04 billion and a PE ratio of -3.36.

SailPoint (NASDAQ:SAIL) last posted its quarterly earnings results on Tuesday, December 9th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. The company had revenue of $281.94 million for the quarter, compared to the consensus estimate of $270.35 million. SailPoint had a negative net margin of 30.87% and a positive return on equity of 0.16%. The company’s quarterly revenue was up 19.8% on a year-over-year basis. SailPoint has set its FY 2026 guidance at 0.220-0.230 EPS and its Q4 2026 guidance at 0.080-0.09 EPS.

Insider Activity at SailPoint

In related news, CAO Mitra Rezvan sold 3,782 shares of SailPoint stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $19.57, for a total transaction of $74,013.74. Following the sale, the chief accounting officer owned 119,109 shares of the company’s stock, valued at $2,330,963.13. The trade was a 3.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Chandrasekar Gnanasambandam sold 4,245 shares of the company’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $19.57, for a total transaction of $83,074.65. Following the completion of the transaction, the executive vice president directly owned 517,351 shares of the company’s stock, valued at approximately $10,124,559.07. The trade was a 0.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 354,243 shares of company stock valued at $6,924,823. 2.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Norges Bank acquired a new stake in SailPoint during the 4th quarter valued at approximately $234,681,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of SailPoint during the 2nd quarter valued at approximately $64,453,000. UBS Group AG grew its position in shares of SailPoint by 116.3% during the third quarter. UBS Group AG now owns 4,128,038 shares of the company’s stock worth $91,147,000 after buying an additional 2,219,593 shares in the last quarter. Artisan Partners Limited Partnership acquired a new stake in shares of SailPoint during the fourth quarter worth approximately $35,203,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of SailPoint in the third quarter worth $26,365,000.

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.