SailPoint, Inc. (NASDAQ:SAIL) Given Consensus Recommendation of “Moderate Buy” by Brokerages

SailPoint, Inc. (NASDAQ:SAIL) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-three research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, seventeen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $20.0810.

A number of research firms have weighed in on SAIL. Scotiabank restated a “sector outperform” rating and issued a $19.00 target price (up from $16.00) on shares of SailPoint in a research report on Tuesday, June 9th. Wells Fargo & Company lifted their price target on SailPoint from $17.00 to $19.00 and gave the company an “overweight” rating in a research report on Wednesday, June 10th. Mizuho set a $16.00 price objective on SailPoint in a research note on Wednesday, June 10th. Wolfe Research restated an “outperform” rating and issued a $18.00 price objective on shares of SailPoint in a report on Wednesday, June 10th. Finally, Bank of America reaffirmed a “neutral” rating and set a $16.00 target price on shares of SailPoint in a research note on Friday, June 12th.

Insider Buying and Selling

In other news, CEO Mark D. Mcclain sold 93,260 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $15.42, for a total transaction of $1,438,069.20. Following the completion of the transaction, the chief executive officer owned 8,093,870 shares in the company, valued at approximately $124,807,475.40. This trade represents a 1.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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, 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 completion of the transaction, the chief financial officer directly owned 1,707,742 shares in the company, valued at $26,333,381.64. This represents a 2.62% decrease in their position. The SEC filing for this sale provides additional information. 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 sold 497,832 shares of company stock worth $7,934,851 in the last ninety days. Insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. State of Wyoming bought a new position in shares of SailPoint in the second quarter valued at $45,000. Palladiem LLC acquired a new position in shares of SailPoint in the 4th quarter worth $42,000. Kestra Advisory Services LLC acquired a new stake in shares of SailPoint during the fourth quarter worth $42,000. CWM LLC raised its position in shares of SailPoint by 315.6% during the fourth quarter. CWM LLC now owns 2,656 shares of the company’s stock worth $54,000 after purchasing an additional 2,017 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in shares of SailPoint by 208.2% during the fourth quarter. Farther Finance Advisors LLC now owns 3,070 shares of the company’s stock valued at $62,000 after purchasing an additional 2,074 shares during the last quarter.

SailPoint Trading Up 4.5%

SAIL stock opened at $14.95 on Friday. The firm’s 50-day moving average is $15.21 and its two-hundred day moving average is $14.69. The company has a market capitalization of $8.48 billion, a price-to-earnings ratio of -55.37, a price-to-earnings-growth ratio of 1.59 and a beta of 2.20. SailPoint has a 52 week low of $10.30 and a 52 week high of $24.00.

SailPoint (NASDAQ:SAIL) last posted its quarterly earnings data on Tuesday, June 9th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. SailPoint had a negative net margin of 14.04% and a positive return on equity of 2.31%. The business had revenue of $280.14 million during the quarter. During the same quarter last year, the business earned $0.01 earnings per share. The company’s revenue was up 21.5% on a year-over-year basis. SailPoint has set its Q2 2027 guidance at 0.070-0.080 EPS and its FY 2027 guidance at 0.300-0.340 EPS. On average, equities research analysts predict that SailPoint will post 0.33 earnings per share for the current year.

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.