SailPoint, Inc. (NASDAQ:SAIL) Given Average Rating of “Moderate Buy” by Analysts

SailPoint, Inc. (NASDAQ:SAIL) has been given a consensus rating of “Moderate Buy” by the twenty-three research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, seventeen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $20.0810.

Several research firms recently commented on SAIL. Cantor Fitzgerald restated an “overweight” rating and set a $23.00 price target on shares of SailPoint in a research report on Wednesday, June 17th. Barclays decreased their price objective on shares of SailPoint from $22.00 to $19.00 and set an “overweight” rating for the company in a research report on Wednesday, June 10th. Weiss Ratings reissued a “sell (e+)” rating on shares of SailPoint in a research note on Wednesday, June 17th. Rosenblatt Securities assumed coverage on SailPoint in a research report on Wednesday, July 8th. They set a “neutral” rating and a $16.00 target price on the stock. Finally, Scotiabank restated a “sector outperform” rating and issued a $19.00 price target (up from $16.00) on shares of SailPoint in a research note on Tuesday, June 9th.

Insiders Place Their Bets

In other news, EVP Chandrasekar Gnanasambandam sold 19,540 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 transaction of $301,306.80. Following the transaction, the executive vice president owned 934,508 shares in the company, valued at $14,410,113.36. This trade represents a 2.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 transaction of $262,124.58. Following the completion of the sale, the insider directly owned 891,965 shares in the company, valued at $13,754,100.30. This represents a 1.87% decrease in their position. The SEC filing for this sale provides additional information. 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 sold 497,832 shares of company stock valued at $7,934,851. 1.70% of the stock is owned by insiders.

Hedge Funds Weigh In On SailPoint

A number of large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada purchased a new position in SailPoint during the first quarter valued at $1,146,000. Goldman Sachs Group Inc. purchased a new stake in shares of SailPoint during the first quarter worth about $7,546,000. JPMorgan Chase & Co. purchased a new stake in shares of SailPoint during the second quarter worth about $692,000. Rhumbline Advisers acquired a new position in shares of SailPoint during the 2nd quarter worth about $1,047,000. Finally, New York State Common Retirement Fund acquired a new position in shares of SailPoint during the 2nd quarter worth about $572,000.

SailPoint Price Performance

Shares of NASDAQ SAIL opened at $15.89 on Friday. The stock has a market capitalization of $9.01 billion, a price-to-earnings ratio of -58.85, a PEG ratio of 1.75 and a beta of 2.20. SailPoint has a 12 month low of $10.30 and a 12 month high of $24.00. The firm’s 50 day simple moving average is $15.27 and its 200-day simple moving average is $14.58.

SailPoint (NASDAQ:SAIL) last posted its earnings results on Tuesday, June 9th. The company reported $0.05 earnings per share for the quarter, beating 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 firm had revenue of $280.14 million during the quarter. During the same period last year, the firm earned $0.01 earnings per share. SailPoint’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. Analysts anticipate that SailPoint will post 0.33 earnings per share for the current fiscal year.

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.