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

Shares of SailPoint, Inc. (NASDAQ:SAIL) have been assigned a consensus rating of “Moderate Buy” from the twenty-three analysts that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $20.0810.

Several equities research analysts have recently commented on SAIL shares. Royal Bank Of Canada restated an “outperform” rating and issued a $19.00 target price on shares of SailPoint in a research note on Wednesday, June 17th. Roth Mkm started coverage on shares of SailPoint in a research note on Wednesday, May 20th. They issued a “buy” rating and a $19.00 target price on the stock. Mizuho set a $16.00 target price on shares of SailPoint in a research note on Wednesday, June 10th. Wells Fargo & Company boosted their target price on shares of SailPoint from $17.00 to $19.00 and gave the company an “overweight” rating in a research note on Wednesday, June 10th. Finally, Robert W. Baird reduced their target price on shares of SailPoint from $26.00 to $22.00 and set an “outperform” rating on the stock in a research note on Thursday, March 19th.

Insider Buying and Selling

In related news, CFO Brian Carolan sold 47,444 shares of SailPoint stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $11.46, for a total value of $543,708.24. Following the completion of the transaction, the chief financial officer directly owned 1,786,212 shares of the company’s stock, valued at $20,469,989.52. The trade was a 2.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through 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, CAO Mitra Rezvan sold 7,487 shares of SailPoint stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $20.00, for a total value of $149,740.00. Following the completion of the transaction, the chief accounting officer directly owned 189,476 shares of the company’s stock, valued at $3,789,520. This represents a 3.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 534,449 shares of company stock worth $6,569,848 in the last three months. Company insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SAIL. Aster Capital Management DIFC Ltd bought a new position in shares of SailPoint in the third quarter valued at about $31,000. Palladiem LLC bought a new position in shares of SailPoint in the fourth quarter valued at about $42,000. Kestra Advisory Services LLC bought a new position in shares of SailPoint in the fourth quarter valued at about $42,000. State of Wyoming bought a new position in shares of SailPoint in the second quarter valued at about $45,000. Finally, CWM LLC raised its holdings in shares of SailPoint by 315.6% in the fourth quarter. CWM LLC now owns 2,656 shares of the company’s stock valued at $54,000 after buying an additional 2,017 shares during the last quarter.

SailPoint Stock Performance

Shares of NASDAQ:SAIL opened at $13.72 on Tuesday. SailPoint has a 52 week low of $10.30 and a 52 week high of $24.00. The company’s fifty day moving average is $14.06 and its 200-day moving average is $15.42. The company has a market capitalization of $7.78 billion, a PE ratio of -50.81, a P/E/G ratio of 1.47 and a beta of 2.00.

SailPoint (NASDAQ:SAIL) last issued its earnings results on Tuesday, June 9th. The company reported $0.05 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 company had revenue of $280.14 million for the quarter. During the same quarter in the prior year, the firm posted $0.01 EPS. The firm’s revenue for the quarter 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, analysts forecast that SailPoint will post 0.32 EPS for the current year.

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.