SailPoint, Inc. (NASDAQ:SAIL) Receives $21.12 Consensus PT from Analysts

Shares of SailPoint, Inc. (NASDAQ:SAIL) have received a consensus rating of “Moderate Buy” from the twenty-five analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $21.1174.

SAIL has been the topic of a number of analyst reports. DA Davidson reaffirmed a “neutral” rating and issued a $17.00 price objective on shares of SailPoint in a report on Thursday, September 10th. Bank of America reissued a “neutral” rating and set a $16.00 target price on shares of SailPoint in a research note on Friday, June 12th. Jefferies Financial Group restated a “buy” rating and issued a $23.00 target price on shares of SailPoint in a research report on Friday, September 4th. Evercore restated an “outperform” rating on shares of SailPoint in a research note on Thursday, September 10th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $18.00 price target on shares of SailPoint in a report on Wednesday, June 10th.

Insiders Place Their Bets

In related news, CEO Mark McClain sold 118,194 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $16.29, for a total value of $1,925,380.26. Following the sale, the chief executive officer directly owned 8,187,130 shares in the company, valued at $133,368,347.70. This trade represents a 1.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 23,940 shares of SailPoint stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $16.29, for a total value of $389,982.60. Following the sale, the general counsel directly owned 1,331,611 shares in the company, valued at $21,691,943.19. The trade was a 1.77% 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 three months, insiders sold 491,559 shares of company stock worth $7,809,391. 1.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Gables Capital Management Inc. acquired a new position in shares of SailPoint during the 2nd quarter valued at $29,000. Palladiem LLC bought a new stake in shares of SailPoint in the 4th quarter worth $42,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of SailPoint in the second quarter valued at $50,000. State of Wyoming acquired a new stake in shares of SailPoint in the second quarter valued at $56,000. Finally, Legal & General Group Plc acquired a new stake in shares of SailPoint in the second quarter valued at $94,000.

SailPoint Price Performance

NASDAQ:SAIL opened at $20.19 on Friday. The firm has a market capitalization of $11.53 billion, a P/E ratio of -59.38, a P/E/G ratio of 2.24 and a beta of 2.17. The business has a 50 day simple moving average of $17.67 and a 200 day simple moving average of $15.20. SailPoint has a 12-month low of $10.30 and a 12-month high of $24.00.

SailPoint (NASDAQ:SAIL) last posted its earnings results on Wednesday, September 9th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. SailPoint had a positive return on equity of 2.44% and a negative net margin of 16.92%.The company had revenue of $308.81 million for the quarter. During the same quarter in the previous year, the business posted ($0.02) earnings per share. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. SailPoint has set its FY 2027 guidance at 0.300-0.340 EPS and its Q3 2027 guidance at 0.070-0.080 EPS. Research analysts anticipate that SailPoint will post 0.33 EPS for the current fiscal year.

About SailPoint

SailPoint Technologies, Inc (NASDAQ: SAIL) is a cybersecurity company focused on identity security. Its software helps organizations manage and protect digital identities, control access to applications and data, and enforce policies governing employee, contractor, customer, and machine access across enterprise environments.

The company’s offerings include SailPoint Identity Security Cloud, a cloud-based platform designed to provide identity governance, access reviews, lifecycle management, and automated provisioning.