SailPoint, Inc. (NASDAQ:SAIL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of SailPoint, Inc. (NASDAQ:SAIL) have received a consensus recommendation of “Moderate Buy” from the twenty-three research firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $25.9182.

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group cut their price target on SailPoint from $25.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday. Scotiabank lowered their target price on SailPoint from $25.00 to $24.00 and set a “sector outperform” rating on the stock in a report on Wednesday, December 10th. Wolfe Research assumed coverage on shares of SailPoint in a research report on Monday, October 20th. They issued an “outperform” rating and a $27.00 price target on the stock. Royal Bank Of Canada lifted their price target on SailPoint from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, January 5th. Finally, Berenberg Bank assumed coverage on shares of SailPoint in a research report on Tuesday, November 18th. They set a “buy” rating and a $31.70 price objective on the stock.

SailPoint Stock Down 2.2%

Shares of NASDAQ SAIL opened at $15.69 on Friday. The stock has a market capitalization of $8.81 billion and a P/E ratio of -3.28. SailPoint has a 52-week low of $15.05 and a 52-week high of $26.35. The firm’s 50-day moving average price is $19.42 and its two-hundred day moving average price is $20.47.

SailPoint (NASDAQ:SAIL) last issued its quarterly earnings data on Tuesday, December 9th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. SailPoint had a positive return on equity of 0.16% and a negative net margin of 30.87%.The firm had revenue of $281.94 million during the quarter, compared to the consensus estimate of $270.35 million. SailPoint’s 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 Buying and Selling at SailPoint

In related news, EVP Chandrasekar Gnanasambandam sold 4,245 shares of the business’s stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $19.57, for a total transaction of $83,074.65. Following 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. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Abby Payne sold 3,582 shares of the business’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $19.57, for a total transaction of $70,099.74. Following the transaction, the insider owned 678,807 shares in the company, valued at approximately $13,284,252.99. This represents a 0.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 354,243 shares of company stock valued at $6,924,823 in the last 90 days. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On SailPoint

Several institutional investors and hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp grew its stake in SailPoint by 3,022.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 481,908 shares of the company’s stock valued at $11,016,000 after buying an additional 466,474 shares during the last quarter. Stephens Investment Management Group LLC lifted its stake in shares of SailPoint by 10.9% in the third quarter. Stephens Investment Management Group LLC now owns 1,679,495 shares of the company’s stock valued at $37,083,000 after buying an additional 165,741 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of SailPoint in the 3rd quarter worth approximately $26,365,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in SailPoint by 86.0% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 167,021 shares of the company’s stock worth $3,688,000 after purchasing an additional 77,237 shares during the period. Finally, Outfitter Financial LLC bought a new position in shares of SailPoint during the 2nd quarter worth about $320,000.

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.