What is Scotiabank’s Forecast for SailPoint FY2027 Earnings?

SailPoint, Inc. (NASDAQ:SAIL) – Equities research analysts at Scotiabank dropped their FY2027 earnings per share (EPS) estimates for shares of SailPoint in a research report issued on Thursday, March 19th. Scotiabank analyst P. Colville now forecasts that the company will post earnings per share of $0.32 for the year, down from their prior estimate of $0.35. Scotiabank has a “Sector Outperform” rating and a $16.00 price target on the stock.

SailPoint (NASDAQ:SAIL) last released its earnings results on Wednesday, March 18th. The company reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. SailPoint had a positive return on equity of 1.95% and a negative net margin of 25.20%.The firm had revenue of $294.65 million for the quarter. During the same quarter in the previous year, the firm posted ($4.29) EPS. The company’s revenue was up 22.9% on a year-over-year basis.

Several other brokerages have also recently commented on SAIL. Robert W. Baird reduced their target price on shares of SailPoint from $26.00 to $22.00 and set an “outperform” rating for the company in a report on Thursday, March 19th. FBN Securities began coverage on shares of SailPoint in a research note on Tuesday, February 24th. They issued an “outperform” rating and a $18.00 price target on the stock. BMO Capital Markets reissued an “outperform” rating on shares of SailPoint in a research report on Thursday, December 11th. Truist Financial reduced their price objective on shares of SailPoint from $23.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, March 19th. Finally, JPMorgan Chase & Co. decreased their price objective on SailPoint from $26.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, March 19th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, SailPoint presently has an average rating of “Moderate Buy” and a consensus target price of $21.49.

SailPoint Stock Down 1.8%

NASDAQ SAIL opened at $12.32 on Monday. SailPoint has a 12-month low of $11.83 and a 12-month high of $24.95. The company has a market capitalization of $6.95 billion and a PE ratio of -22.00. The firm’s 50 day moving average is $15.36 and its 200-day moving average is $18.93.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. raised its holdings in SailPoint by 4.2% in the 3rd quarter. Blue Trust Inc. now owns 16,886 shares of the company’s stock valued at $373,000 after acquiring an additional 673 shares during the period. Cerity Partners LLC lifted its position in SailPoint by 0.8% during the fourth quarter. Cerity Partners LLC now owns 115,604 shares of the company’s stock worth $2,339,000 after acquiring an additional 923 shares during the last quarter. Essex Financial Services Inc. boosted its holdings in shares of SailPoint by 7.8% during the third quarter. Essex Financial Services Inc. now owns 13,157 shares of the company’s stock worth $291,000 after acquiring an additional 947 shares during the period. Main Management ETF Advisors LLC boosted its holdings in shares of SailPoint by 1.0% during the fourth quarter. Main Management ETF Advisors LLC now owns 102,573 shares of the company’s stock worth $2,075,000 after acquiring an additional 1,048 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of SailPoint in the third quarter valued at approximately $31,000.

Insiders Place Their Bets

In other SailPoint news, General Counsel Christopher Schmitt sold 4,507 shares of the firm’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $19.57, for a total transaction of $88,201.99. Following the completion of the sale, the general counsel owned 1,043,319 shares of the company’s stock, valued at $20,417,752.83. This trade represents a 0.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mark D. Mcclain sold 52,799 shares of SailPoint stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $19.57, for a total transaction of $1,033,276.43. Following the transaction, the chief executive officer directly owned 7,034,417 shares of the company’s stock, valued at approximately $137,663,540.69. This trade represents a 0.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 354,243 shares of company stock worth $6,924,823 in the last quarter.

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.