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

Shares of SailPoint, Inc. (NASDAQ:SAIL) have received an average recommendation of “Moderate Buy” from the twenty-two analysts that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, seventeen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $20.2850.

Several research firms have weighed in on SAIL. Jefferies Financial Group downgraded shares of SailPoint from a “buy” rating to a “buy” rating in a research report on Wednesday, June 17th. Roth Capital started coverage on SailPoint in a research note on Wednesday, May 20th. They issued a “buy” rating and a $19.00 price objective for the company. Stephens reaffirmed an “overweight” rating and issued a $20.00 target price on shares of SailPoint in a report on Wednesday, June 17th. Truist Financial set a $18.00 target price on SailPoint in a report on Wednesday, June 17th. Finally, Bank of America reissued a “neutral” rating and set a $16.00 price target on shares of SailPoint in a report on Friday, June 12th.

Insider Activity

In related news, CEO Mark D. Mcclain sold 92,874 shares of the stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $11.46, for a total value of $1,064,336.04. Following the completion of the sale, the chief executive officer directly owned 8,305,324 shares of the company’s stock, valued at approximately $95,179,013.04. This represents a 1.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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, General Counsel Christopher Schmitt sold 18,813 shares of the firm’s stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $11.46, for a total transaction of $215,596.98. Following the sale, the general counsel owned 1,355,551 shares in the company, valued at approximately $15,534,614.46. The trade was a 1.37% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. Over the last quarter, insiders sold 387,789 shares of company stock worth $4,704,332. 1.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On SailPoint

Large investors have recently made changes to their positions in the business. Cerity Partners LLC grew its position in shares of 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 purchasing an additional 923 shares in the last quarter. Main Management ETF Advisors LLC boosted its stake in SailPoint by 1.0% in the 4th quarter. Main Management ETF Advisors LLC now owns 102,573 shares of the company’s stock worth $2,075,000 after purchasing an additional 1,048 shares during the period. Aster Capital Management DIFC Ltd bought a new position in SailPoint in the 3rd quarter worth approximately $31,000. Federation des caisses Desjardins du Quebec grew its holdings in SailPoint by 24.1% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 7,871 shares of the company’s stock valued at $159,000 after buying an additional 1,528 shares in the last quarter. Finally, State of Wyoming bought a new stake in shares of SailPoint during the second quarter valued at approximately $45,000.

SailPoint Stock Performance

Shares of NASDAQ SAIL traded up $0.73 during midday trading on Tuesday, hitting $16.58. 1,796,485 shares of the company’s stock traded hands, compared to its average volume of 3,577,148. The firm has a fifty day moving average of $14.39 and a 200 day moving average of $15.22. SailPoint has a 1 year low of $10.30 and a 1 year high of $24.00. The stock has a market capitalization of $9.40 billion, a price-to-earnings ratio of -61.40, a price-to-earnings-growth ratio of 1.70 and a beta of 2.20.

SailPoint (NASDAQ:SAIL) last posted its quarterly earnings data on Tuesday, June 9th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The company had revenue of $280.14 million for the quarter. SailPoint had a negative net margin of 14.04% and a positive return on equity of 2.31%. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.01 EPS. 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, equities analysts anticipate that SailPoint will post 0.32 earnings per share 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.