SailPoint (NASDAQ:SAIL) Hits New 1-Year Low – Here’s What Happened

SailPoint, Inc. (NASDAQ:SAIL) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $14.48 and last traded at $14.60, with a volume of 983027 shares. The stock had previously closed at $15.72.

Analyst Ratings Changes

A number of research firms have recently weighed in on SAIL. Barclays cut their price target on SailPoint from $25.00 to $23.00 and set an “overweight” rating for the company in a report on Thursday, December 4th. Berenberg Bank assumed coverage on SailPoint in a report on Tuesday, November 18th. They set a “buy” rating and a $31.70 price objective for the company. Robert W. Baird began coverage on shares of SailPoint in a research report on Monday, October 27th. They set an “outperform” rating and a $26.00 target price for the company. Scotiabank lowered their target price on SailPoint from $25.00 to $24.00 and set a “sector outperform” rating for the company in a research note on Wednesday, December 10th. Finally, BTIG Research reiterated a “buy” rating and set a $29.00 price objective on shares of SailPoint in a research note on Thursday, January 8th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, SailPoint has an average rating of “Moderate Buy” and a consensus price target of $25.92.

SailPoint Price Performance

The business’s 50-day moving average price is $19.13 and its two-hundred day moving average price is $20.30. The firm has a market cap of $8.01 billion and a price-to-earnings ratio of -2.98.

SailPoint (NASDAQ:SAIL) last posted its quarterly earnings results on Tuesday, December 9th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.02. The firm had revenue of $281.94 million for the quarter, compared to analysts’ expectations of $270.35 million. SailPoint had a negative net margin of 30.87% and a positive return on equity of 0.16%. The firm’s quarterly 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 Activity

In other SailPoint news, CEO Mark D. Mcclain sold 52,799 shares of the stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $19.57, for a total transaction of $1,033,276.43. Following the transaction, the chief executive officer owned 7,034,417 shares of the company’s stock, valued at $137,663,540.69. This trade represents a 0.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Christopher Schmitt sold 4,507 shares of the stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $19.57, for a total transaction of $88,201.99. Following the sale, the general counsel directly owned 1,043,319 shares in the company, valued at $20,417,752.83. This trade represents a 0.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 354,243 shares of company stock valued at $6,924,823 over the last three months. Company insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On SailPoint

Several institutional investors have recently made changes to their positions in the stock. Aster Capital Management DIFC Ltd bought a new stake in shares of SailPoint in the 3rd quarter worth approximately $31,000. Loomis Sayles & Co. L P bought a new position in shares of SailPoint during the second quarter worth about $42,000. State of Wyoming bought a new position in shares of SailPoint during the second quarter worth about $45,000. CWM LLC increased its holdings in shares of SailPoint by 315.6% in the 4th quarter. CWM LLC now owns 2,656 shares of the company’s stock worth $54,000 after acquiring an additional 2,017 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in SailPoint by 208.2% in the 4th quarter. Farther Finance Advisors LLC now owns 3,070 shares of the company’s stock valued at $62,000 after purchasing an additional 2,074 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.