SailPoint, Inc. (NASDAQ:SAIL) Receives $21.29 Consensus Target Price from Analysts

Shares of SailPoint, Inc. (NASDAQ:SAIL) have received an average rating of “Moderate Buy” from the twenty-one analysts that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, fourteen have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $21.4350.

Several research firms have weighed in on SAIL. Royal Bank Of Canada set a $17.00 price target on SailPoint in a research report on Friday, May 15th. BTIG Research reissued a “buy” rating and set a $18.00 price target on shares of SailPoint in a research report on Tuesday. TD Cowen dropped their price target on SailPoint from $30.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. Barclays raised their price target on SailPoint from $16.00 to $22.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. Finally, Wells Fargo & Company raised their price target on SailPoint from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st.

SailPoint Price Performance

NASDAQ SAIL opened at $15.66 on Friday. SailPoint has a 1-year low of $10.30 and a 1-year high of $24.95. The company has a market capitalization of $8.88 billion, a P/E ratio of -27.96 and a beta of 2.02. The business has a 50 day moving average price of $13.68 and a 200 day moving average price of $15.96.

SailPoint (NASDAQ:SAIL) last released its quarterly earnings data on Tuesday, June 9th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.01. SailPoint had a positive return on equity of 1.95% and a negative net margin of 25.20%.The firm had revenue of $280.14 million during the quarter. During the same period in the previous year, the business earned $0.01 earnings per share. The business’s revenue for the quarter was up 21.5% on a year-over-year basis. 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, research analysts expect that SailPoint will post 0.32 earnings per share for the current fiscal year.

SailPoint News Roundup

Here are the key news stories impacting SailPoint this week:

• Positive Sentiment: Q1 revenue came in at $280.14 million, up 21.5% year over year, and adjusted EPS of $0.05 beat the consensus estimate of $0.04. Article: SailPoint, Inc. (SAIL) Tops Q1 Earnings and Revenue Estimates
• Positive Sentiment: Subscription growth helped lift revenue and narrow losses, reinforcing that the core business is still expanding. Article: SailPoint 1Q Loss Narrows as Subscription Growth Lifts Revenue
• Positive Sentiment: BTIG reiterated a Buy rating with an $18 price target, and Barclays previously raised its target to $22 with an Overweight rating, showing analysts still see upside from current levels. Article: BTIG Research rating update
• Neutral Sentiment: Management raised FY2027 EPS guidance to $0.30-$0.34 and Q2 EPS guidance to $0.07-$0.08, which was generally in line to slightly below consensus, so investors are focusing on the details behind the outlook rather than the headline beat.
• Negative Sentiment: The stock is reacting to concerns that GAAP profitability remains negative, and some investors appear disappointed that the earnings beat was not strong enough to offset margin and valuation worries. Article: SailPoint, Inc. Investigation Initiated
• Negative Sentiment: Levi & Korsinsky announced a securities investigation after the post-earnings share drop, adding an overhang that may keep pressure on the stock near term. Article: Levi & Korsinsky Investigates SailPoint, Inc. (SAIL) Over Potential Securities Fraud Allegations

Insider Activity at SailPoint

In other SailPoint news, President Matt Mills sold 34,171 shares of the firm’s stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $11.46, for a total transaction of $391,599.66. Following the completion of the transaction, the president owned 2,451,334 shares of the company’s stock, valued at approximately $28,092,287.64. This trade represents a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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, CFO Brian Carolan sold 47,444 shares of the firm’s stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $11.46, for a total value of $543,708.24. Following the transaction, the chief financial officer directly owned 1,786,212 shares of the company’s stock, valued at $20,469,989.52. The trade was a 2.59% 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. Insiders have sold a total of 534,449 shares of company stock valued at $6,569,848 in the last ninety days. 1.70% of the stock is owned by insiders.

Hedge Funds Weigh In On SailPoint

Several hedge funds have recently bought and sold shares of SAIL. Royal Bank of Canada purchased a new stake in shares of SailPoint in the first quarter valued at $1,146,000. Goldman Sachs Group Inc. purchased a new stake in shares of SailPoint in the first quarter valued at $7,546,000. JPMorgan Chase & Co. purchased a new stake in shares of SailPoint in the second quarter valued at $692,000. Rhumbline Advisers purchased a new stake in shares of SailPoint in the second quarter valued at $1,047,000. Finally, New York State Common Retirement Fund purchased a new stake in shares of SailPoint in the second quarter valued at $572,000.

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.