SailPoint (NASDAQ:SAIL) Trading Up 8.7% – Time to Buy?

SailPoint, Inc. (NASDAQ:SAIL)’s stock price traded up 8.7% during mid-day trading on Wednesday . The company traded as high as $15.64 and last traded at $15.91. Approximately 601,542 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 3,569,745 shares. The stock had previously closed at $14.64.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SAIL. BTIG Research reaffirmed a “buy” rating and set a $18.00 price target on shares of SailPoint in a report on Tuesday, June 9th. Weiss Ratings restated a “sell (e+)” rating on shares of SailPoint in a research report on Wednesday, June 17th. Bank of America restated a “neutral” rating and issued a $16.00 target price on shares of SailPoint in a research note on Friday, June 12th. TD Cowen reaffirmed a “buy” rating on shares of SailPoint in a report on Wednesday, June 17th. Finally, Mizuho set a $16.00 price target on shares of SailPoint in a research note on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, SailPoint has an average rating of “Moderate Buy” and a consensus price target of $20.08.

SailPoint Price Performance

The stock has a market cap of $8.66 billion, a price-to-earnings ratio of -56.55, a PEG ratio of 1.70 and a beta of 2.20. The company’s 50 day moving average is $14.24 and its 200 day moving average is $15.29.

SailPoint (NASDAQ:SAIL) last issued its earnings results on Tuesday, June 9th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01. SailPoint had a negative net margin of 14.04% and a positive return on equity of 2.31%. The company had revenue of $280.14 million for the quarter. During the same quarter in the previous year, the company posted $0.01 earnings per share. The company’s quarterly revenue was up 21.5% compared to the same quarter last year. SailPoint has set its Q2 2027 guidance at 0.070-0.080 EPS and its FY 2027 guidance at 0.300-0.340 EPS. Sell-side analysts predict that SailPoint, Inc. will post 0.32 earnings per share for the current year.

Insider Buying and Selling at SailPoint

In related news, President Matt Mills sold 34,171 shares of the company’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 value of $391,599.66. Following the sale, the president owned 2,451,334 shares in the company, valued at $28,092,287.64. This represents a 1.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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, insider Abby Payne sold 16,930 shares of the firm’s 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 $194,017.80. Following the completion of the transaction, the insider directly owned 930,506 shares of the company’s stock, valued at $10,663,598.76. The trade was a 1.79% decrease in their ownership of the stock. 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 have sold 534,449 shares of company stock worth $6,569,848. Corporate insiders own 1.70% of the company’s stock.

Institutional Trading of SailPoint

Several large investors have recently bought and sold shares of SAIL. Palladiem LLC acquired a new position in shares of SailPoint during the 4th quarter worth $42,000. Kestra Advisory Services LLC acquired a new stake in SailPoint in the 4th quarter valued at about $42,000. State of Wyoming acquired a new stake in SailPoint in the 2nd quarter valued at about $45,000. CWM LLC increased its holdings in SailPoint by 315.6% during the 4th quarter. CWM LLC now owns 2,656 shares of the company’s stock valued at $54,000 after acquiring an additional 2,017 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in SailPoint by 208.2% during the 4th quarter. Farther Finance Advisors LLC now owns 3,070 shares of the company’s stock valued at $62,000 after acquiring an additional 2,074 shares in the last quarter.

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.