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

Shares of SailPoint, Inc. (NASDAQ:SAIL) have earned a consensus rating of “Moderate Buy” from the twenty-four brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation, seventeen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $20.2591.

A number of research firms have issued reports on SAIL. Bank of America reiterated a “neutral” rating and issued a $16.00 target price on shares of SailPoint in a research report on Friday, June 12th. BTIG Research restated a “buy” rating and set a $18.00 price target on shares of SailPoint in a report on Tuesday, June 9th. DA Davidson assumed coverage on shares of SailPoint in a report on Monday, August 3rd. They set a “neutral” rating and a $17.00 price target on the stock. Barclays dropped their price target on shares of SailPoint from $22.00 to $19.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 10th. Finally, Scotiabank reiterated a “sector outperform” rating and set a $19.00 price objective (up from $16.00) on shares of SailPoint in a report on Tuesday, June 9th.

SailPoint Price Performance

Shares of SAIL opened at $18.64 on Wednesday. The company has a market capitalization of $10.57 billion, a price-to-earnings ratio of -69.03, a P/E/G ratio of 1.95 and a beta of 2.07. SailPoint has a fifty-two week low of $10.30 and a fifty-two week high of $24.00. The business’s 50-day moving average is $15.83 and its 200-day moving average is $14.64.

SailPoint (NASDAQ:SAIL) last posted its quarterly earnings results on Tuesday, June 9th. The company reported $0.05 EPS 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 business had revenue of $280.14 million during the quarter. During the same quarter in the prior year, the business posted $0.01 earnings per share. The business’s revenue for the quarter 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. Equities research analysts expect that SailPoint will post 0.32 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Mark D. Mcclain sold 118,194 shares of the business’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 completion of the sale, the chief executive officer owned 8,187,130 shares of the company’s stock, valued at approximately $133,368,347.70. The trade was a 1.42% decrease in their position. The sale was disclosed in a 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, CFO Brian Carolan sold 46,002 shares of the stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $15.42, for a total value of $709,350.84. Following the completion of the transaction, the chief financial officer owned 1,707,742 shares in the company, valued at $26,333,381.64. This represents a 2.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 90 days, insiders sold 499,046 shares of company stock worth $7,959,131. Insiders own 1.70% of the company’s stock.

Institutional Trading of SailPoint

Several large investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in SailPoint during the fourth quarter worth $234,681,000. Wasatch Advisors LP bought a new position in SailPoint during the second quarter valued at about $66,173,000. BlackRock Inc. bought a new position in SailPoint during the second quarter valued at about $65,050,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of SailPoint in the second quarter worth about $64,453,000. Finally, UBS Group AG lifted its position in shares of SailPoint by 116.3% in the third quarter. UBS Group AG now owns 4,128,038 shares of the company’s stock worth $91,147,000 after buying an additional 2,219,593 shares during the last quarter.

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.