SailPoint (NASDAQ:SAIL) Releases FY 2027 Earnings Guidance

SailPoint (NASDAQ:SAIL) issued an update on its FY 2027 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.300-0.340 for the period, compared to the consensus estimate of 0.320. The company issued revenue guidance of $1.3 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 billion. SailPoint also updated its Q2 2027 guidance to 0.070-0.080 EPS.

SailPoint Trading Down 3.0%

SAIL opened at $17.69 on Tuesday. The company has a fifty day simple moving average of $13.60 and a 200 day simple moving average of $15.98. The firm has a market cap of $10.03 billion, a price-to-earnings ratio of -31.59 and a beta of 2.00. SailPoint has a twelve month low of $10.30 and a twelve month high of $24.95.

SailPoint (NASDAQ:SAIL) last announced its quarterly earnings data on Tuesday, June 9th. The company reported $0.05 earnings per share for the quarter. The company had revenue of $280.14 million during the quarter. SailPoint had a negative net margin of 25.20% and a positive return on equity of 1.95%. 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 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their price objective on shares of SailPoint from $26.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, March 19th. Scotiabank decreased their price objective on shares of SailPoint from $24.00 to $16.00 and set a “sector outperform” rating for the company in a report on Thursday, March 19th. Wells Fargo & Company raised their price objective on shares of SailPoint from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Robert W. Baird decreased their price objective 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. Finally, Truist Financial decreased their price objective on shares of SailPoint from $23.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, March 19th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, SailPoint currently has a consensus rating of “Moderate Buy” and an average target price of $21.29.

Insider Buying and Selling

In other news, President Matt Mills sold 34,171 shares of the firm’s stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $11.46, for a total value of $391,599.66. Following the transaction, the president directly owned 2,451,334 shares in the company, valued at approximately $28,092,287.64. This trade represents a 1.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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, EVP Chandrasekar Gnanasambandam sold 20,082 shares of the firm’s stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $11.46, for a total transaction of $230,139.72. Following the completion of the transaction, the executive vice president owned 968,926 shares in the company, valued at approximately $11,103,891.96. The trade was a 2.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. In the last 90 days, insiders sold 534,449 shares of company stock worth $6,569,848. Company insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Vident Advisory LLC lifted its position in shares of SailPoint by 6.4% in the 4th quarter. Vident Advisory LLC now owns 55,823 shares of the company’s stock worth $1,129,000 after buying an additional 3,370 shares during the last quarter. one8zero8 LLC lifted its position in shares of SailPoint by 2.0% in the 4th quarter. one8zero8 LLC now owns 105,550 shares of the company’s stock worth $2,135,000 after buying an additional 2,050 shares during the last quarter. Occudo Quantitative Strategies LP bought a new position in shares of SailPoint in the 4th quarter worth about $606,000. Balyasny Asset Management L.P. lifted its position in shares of SailPoint by 126.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 535,475 shares of the company’s stock worth $10,833,000 after buying an additional 299,356 shares during the last quarter. Finally, Freestone Grove Partners LP lifted its position in SailPoint by 69.8% in the 4th quarter. Freestone Grove Partners LP now owns 500,000 shares of the company’s stock valued at $10,115,000 after purchasing an additional 205,606 shares during 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.