Mizuho Has Lowered Expectations for SailPoint (NASDAQ:SAIL) Stock Price

SailPoint (NASDAQ:SAIL) had its target price dropped by equities researchers at Mizuho from $23.00 to $20.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Mizuho’s price target would suggest a potential upside of 25.63% from the stock’s previous close.

A number of other equities analysts also recently issued reports on SAIL. BTIG Research restated a “buy” rating and set a $29.00 price objective on shares of SailPoint in a research report on Thursday, January 8th. Royal Bank Of Canada reissued an “outperform” rating and issued a $23.00 price objective on shares of SailPoint in a research report on Wednesday, February 11th. The Goldman Sachs Group lowered their target price on SailPoint from $25.00 to $21.00 and set a “neutral” rating for the company in a report on Wednesday, January 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SailPoint in a research report on Monday, December 29th. Finally, Scotiabank dropped their target price on shares of SailPoint from $25.00 to $24.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, December 10th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, SailPoint currently has an average rating of “Moderate Buy” and an average target price of $25.65.

SailPoint Stock Performance

Shares of SAIL opened at $15.92 on Tuesday. The stock has a market capitalization of $8.94 billion and a price-to-earnings ratio of -3.32. SailPoint has a 52 week low of $13.72 and a 52 week high of $26.35. The stock has a fifty day moving average of $18.56 and a 200-day moving average of $20.01.

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

Insiders Place Their Bets

In related news, General Counsel Christopher Schmitt sold 11,908 shares of the stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $19.23, for a total transaction of $228,990.84. Following the completion of the transaction, the general counsel owned 1,057,956 shares in the company, valued at approximately $20,344,493.88. This represents a 1.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Matt Mills sold 21,345 shares of SailPoint stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $19.23, for a total transaction of $410,464.35. Following the completion of the sale, the president directly owned 1,882,913 shares in the company, valued at approximately $36,208,416.99. This represents a 1.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 354,243 shares of company stock worth $6,924,823 in the last ninety days.

Institutional Investors Weigh In On SailPoint

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Stephens Investment Management Group LLC grew its position in SailPoint by 10.9% during the third quarter. Stephens Investment Management Group LLC now owns 1,679,495 shares of the company’s stock worth $37,083,000 after buying an additional 165,741 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of SailPoint by 3,022.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 481,908 shares of the company’s stock valued at $11,016,000 after acquiring an additional 466,474 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in SailPoint by 86.0% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 167,021 shares of the company’s stock valued at $3,688,000 after buying an additional 77,237 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in SailPoint during the 3rd quarter valued at about $26,365,000. Finally, Outfitter Financial LLC bought a new position in shares of SailPoint during the second quarter valued at approximately $320,000.

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.