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

Shares of SailPoint, Inc. (NASDAQ:SAIL) have been given an average rating of “Moderate Buy” by the twenty-four brokerages that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating, sixteen have given a buy rating and four have given a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $24.2696.

A number of research firms have issued reports on SAIL. BTIG Research cut their target price on shares of SailPoint from $29.00 to $22.00 and set a “buy” rating on the stock in a research report on Monday. TD Cowen dropped their price target on shares of SailPoint from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. BMO Capital Markets restated an “outperform” rating on shares of SailPoint in a report on Thursday, December 11th. Scotiabank reduced their price objective on shares of SailPoint from $25.00 to $24.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, December 10th. Finally, Barclays lowered their target price on shares of SailPoint from $25.00 to $23.00 and set an “overweight” rating for the company in a report on Thursday, December 4th.

Insiders Place Their Bets

In other SailPoint news, CEO Mark D. Mcclain sold 52,799 shares of the stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $19.57, for a total value of $1,033,276.43. Following the transaction, the chief executive officer owned 7,034,417 shares of the company’s stock, valued at approximately $137,663,540.69. This represents a 0.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Mitra Rezvan sold 3,782 shares of the firm’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $19.57, for a total value of $74,013.74. Following the transaction, the chief accounting officer owned 119,109 shares in the company, valued at approximately $2,330,963.13. This trade represents a 3.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 354,243 shares of company stock valued at $6,924,823 in the last ninety days.

Institutional Investors Weigh In On SailPoint

Large investors have recently bought and sold shares of the company. Aster Capital Management DIFC Ltd acquired a new stake in SailPoint in the third quarter worth $31,000. Loomis Sayles & Co. L P bought a new stake in shares of SailPoint in the 2nd quarter valued at $42,000. State of Wyoming acquired a new stake in SailPoint during the 2nd quarter worth $45,000. Palladiem LLC acquired a new stake in SailPoint during the 4th quarter worth $42,000. Finally, Kestra Advisory Services LLC bought a new position in SailPoint during the fourth quarter worth about $42,000.

SailPoint Stock Performance

Shares of SAIL opened at $14.20 on Wednesday. The business’s fifty day moving average price is $17.12 and its two-hundred day moving average price is $19.59. The firm has a market capitalization of $7.98 billion and a price-to-earnings ratio of -2.96. SailPoint has a 52 week low of $12.81 and a 52 week high of $24.95.

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

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.