SailPoint (NASDAQ:SAIL) Shares Up 4.6% – Should You Buy?

SailPoint, Inc. (NASDAQ:SAIL)’s share price rose 4.6% on Monday . The stock traded as high as $20.81 and last traded at $20.75. Approximately 2,153,839 shares changed hands during trading, a decline of 40% from the average session volume of 3,592,140 shares. The stock had previously closed at $19.83.

Analyst Ratings Changes

Several brokerages recently issued reports on SAIL. The Goldman Sachs Group reissued a “neutral” rating and issued a $19.00 price objective on shares of SailPoint in a research note on Wednesday, June 10th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $23.00 target price on shares of SailPoint in a research report on Wednesday, June 17th. Wells Fargo & Company upped their target price on SailPoint from $19.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, August 17th. Rosenblatt Securities began coverage on SailPoint in a research report on Wednesday, July 8th. They set a “neutral” rating and a $16.00 price target on the stock. Finally, Truist Financial increased their price target on SailPoint from $18.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $20.26.

SailPoint Stock Performance

The firm’s fifty day moving average price is $16.36 and its 200 day moving average price is $14.78. The firm has a market cap of $11.77 billion, a P/E ratio of -76.85, a price-to-earnings-growth ratio of 2.08 and a beta of 2.08.

SailPoint (NASDAQ:SAIL) last released its quarterly earnings data on Tuesday, June 9th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. The firm had revenue of $280.14 million for the quarter. SailPoint had a negative net margin of 14.04% and a positive return on equity of 2.31%. SailPoint’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.01 earnings per share. SailPoint has set its Q2 2027 guidance at 0.070-0.080 EPS and its FY 2027 guidance at 0.300-0.340 EPS. As a group, analysts expect that SailPoint, Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Activity at SailPoint

In other SailPoint news, CAO Mitra Rezvan sold 3,881 shares of the stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $15.42, for a total transaction of $59,845.02. Following the sale, the chief accounting officer owned 182,641 shares of the company’s stock, valued at approximately $2,816,324.22. This trade represents a 2.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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, insider Abby Payne sold 16,999 shares of SailPoint stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $15.42, for a total value of $262,124.58. Following the completion of the transaction, the insider owned 891,965 shares in the company, valued at $13,754,100.30. This represents a 1.87% decrease in their ownership of the stock. 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. Insiders have sold 491,559 shares of company stock valued at $7,809,391 over the last 90 days. Insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On SailPoint

Several institutional investors and hedge funds have recently added to or reduced their stakes in SAIL. Gables Capital Management Inc. purchased a new stake in shares of SailPoint during the second quarter valued at about $29,000. Palladiem LLC purchased a new position in shares of SailPoint in the 4th quarter worth approximately $42,000. Kestra Advisory Services LLC bought a new position in shares of SailPoint during the 4th quarter worth approximately $42,000. State of Wyoming purchased a new stake in SailPoint during the second quarter valued at approximately $45,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in SailPoint during the second quarter valued at approximately $50,000.

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.