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

SailPoint (NASDAQ:SAIL) had its target price reduced by Mizuho from $23.00 to $20.00 in a report published on Tuesday morning, Marketbeat Ratings reports. They currently have a neutral rating on the stock.

A number of other equities research analysts also recently weighed in on SAIL. The Goldman Sachs Group lowered their target price on shares of SailPoint from $25.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 28th. Cantor Fitzgerald restated an “overweight” rating on shares of SailPoint in a research note on Wednesday, December 3rd. Berenberg Bank initiated coverage on SailPoint in a research report on Tuesday, November 18th. They issued a “buy” rating and a $31.70 price target on the stock. BMO Capital Markets reiterated an “outperform” rating on shares of SailPoint in a research note on Thursday, December 11th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $23.00 price target on shares of SailPoint in a report on Wednesday, February 11th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $25.37.

SailPoint Stock Performance

Shares of SAIL stock opened at $15.67 on Tuesday. The firm’s 50-day moving average is $18.26 and its 200-day moving average is $19.92. The stock has a market cap of $8.80 billion and a price-to-earnings ratio of -3.27. SailPoint has a 52-week low of $13.72 and a 52-week high of $25.75.

SailPoint (NASDAQ:SAIL) last issued its quarterly earnings data on Tuesday, December 9th. The company reported $0.08 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $270.35 million. The firm’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 Transactions at SailPoint

In related news, President Matt Mills sold 13,771 shares of the company’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $19.57, for a total transaction of $269,498.47. Following the transaction, the president directly owned 1,850,983 shares of the company’s stock, valued at $36,223,737.31. This represents a 0.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Brian Carolan sold 30,638 shares of the company’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 $599,585.66. Following the transaction, the chief financial officer owned 1,277,795 shares in the company, valued at $25,006,448.15. The trade was a 2.34% decrease in their position. 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 worth $6,924,823. 2.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On SailPoint

Institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new position in SailPoint in the fourth quarter valued at $234,681,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of SailPoint in the second quarter valued at about $64,453,000. UBS Group AG lifted its holdings in SailPoint by 116.3% in the third quarter. UBS Group AG now owns 4,128,038 shares of the company’s stock valued at $91,147,000 after acquiring an additional 2,219,593 shares during the last quarter. Artisan Partners Limited Partnership purchased a new position in shares of SailPoint during the 4th quarter worth $35,203,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in SailPoint in the 3rd quarter valued at approximately $26,365,000.

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.