SailPoint (NASDAQ:SAIL) Hits New 12-Month Low – Here’s What Happened

SailPoint, Inc. (NASDAQ:SAIL)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $13.39 and last traded at $13.55, with a volume of 666686 shares traded. The stock had previously closed at $14.19.

Analyst Ratings Changes

Several research firms have recently weighed in on SAIL. Robert W. Baird started coverage on SailPoint in a report on Monday, October 27th. They issued an “outperform” rating and a $26.00 price objective for the company. Royal Bank Of Canada reissued an “outperform” rating and set a $23.00 price objective on shares of SailPoint in a research report on Wednesday, February 11th. Mizuho dropped their price objective on shares of SailPoint from $23.00 to $20.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 17th. Cantor Fitzgerald reiterated an “overweight” rating on shares of SailPoint in a research note on Wednesday, December 3rd. Finally, Truist Financial lowered their price target on SailPoint from $29.00 to $23.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, SailPoint has a consensus rating of “Moderate Buy” and an average target price of $25.37.

SailPoint Price Performance

The firm has a market capitalization of $7.40 billion and a price-to-earnings ratio of -2.75. The business’s 50 day moving average price is $18.12 and its 200-day moving average price is $19.88.

SailPoint (NASDAQ:SAIL) last released its earnings results on Tuesday, December 9th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.02. The company had revenue of $281.94 million for the quarter, compared to analysts’ expectations 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 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.

Insider Transactions at SailPoint

In other SailPoint news, insider Abby Payne sold 3,582 shares of the stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $19.57, for a total value of $70,099.74. Following the completion of the transaction, the insider directly owned 678,807 shares of the company’s stock, valued at approximately $13,284,252.99. This trade represents a 0.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Christopher Schmitt sold 4,507 shares of the company’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $19.57, for a total value of $88,201.99. Following the completion of the sale, the general counsel owned 1,043,319 shares in the company, valued at approximately $20,417,752.83. This represents a 0.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 354,243 shares of company stock valued at $6,924,823.

Hedge Funds Weigh In On SailPoint

Several hedge funds have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd purchased a new stake in SailPoint during the 3rd quarter worth about $31,000. Loomis Sayles & Co. L P purchased a new stake in shares of SailPoint during the second quarter worth about $42,000. State of Wyoming acquired a new position in shares of SailPoint in the second quarter valued at approximately $45,000. Palladiem LLC purchased a new position in shares of SailPoint during the fourth quarter valued at approximately $42,000. Finally, Kestra Advisory Services LLC acquired a new stake in SailPoint during the fourth quarter worth approximately $42,000.

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.