SailPoint (NASDAQ:SAIL) Price Target Raised to $27.00

SailPoint (NASDAQ:SAIL) had its target price increased by stock analysts at Cantor Fitzgerald from $25.00 to $27.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Cantor Fitzgerald’s target price would suggest a potential upside of 34.87% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Jefferies Financial Group reissued a “buy” rating on shares of SailPoint in a research note on Wednesday. Roth Capital restated a “buy” rating and issued a $21.00 target price (up from $19.00) on shares of SailPoint in a research note on Thursday, September 10th. DA Davidson reiterated a “neutral” rating and issued a $17.00 price target on shares of SailPoint in a research note on Thursday, September 10th. Truist Financial lifted their price target on shares of SailPoint from $23.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, September 24th. Finally, KeyCorp assumed coverage on SailPoint in a research note on Friday, October 2nd. They issued a “sector weight” rating on the stock. Twenty research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.20.

SailPoint Price Performance

Shares of NASDAQ SAIL opened at $20.02 on Friday. The stock has a market capitalization of $11.43 billion, a PE ratio of -58.88, a P/E/G ratio of 2.15 and a beta of 2.15. SailPoint has a one year low of $10.30 and a one year high of $23.89. The business’s fifty day moving average price is $19.30 and its 200-day moving average price is $15.84.

SailPoint (NASDAQ:SAIL) last announced its quarterly earnings data on Wednesday, September 9th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. The company had revenue of $308.81 million during the quarter. SailPoint had a positive return on equity of 2.44% and a negative net margin of 16.92%.The company’s revenue was up 17.0% compared to the same quarter last year. During the same period last year, the business posted ($0.02) EPS. SailPoint has set its FY 2027 guidance at 0.300-0.340 EPS and its Q3 2027 guidance at 0.070-0.080 EPS. As a group, equities analysts expect that SailPoint will post 0.33 EPS for the current fiscal year.

Insider Activity

In other SailPoint news, insider Abby Payne sold 21,027 shares of the company’s stock in a transaction dated Wednesday, October 7th. The stock was sold at an average price of $19.71, for a total value of $414,442.17. Following the completion of the sale, the insider owned 852,002 shares in the company, valued at $16,792,959.42. This represents a 2.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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, EVP Chandrasekar Gnanasambandam sold 22,609 shares of the firm’s stock in a transaction that occurred on Wednesday, October 7th. The stock was sold at an average price of $19.71, for a total transaction of $445,623.39. Following the sale, the executive vice president owned 898,821 shares in the company, valued at approximately $17,715,761.91. The trade was a 2.45% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 have sold 509,636 shares of company stock worth $10,192,378. Company insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On SailPoint

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wasatch Advisors LP purchased a new position in SailPoint during the second quarter valued at $66,173,000. The Manufacturers Life Insurance Company boosted its holdings in shares of SailPoint by 178.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 105,497 shares of the company’s stock valued at $1,397,000 after purchasing an additional 67,601 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of SailPoint during the second quarter valued at about $778,000. Polianta Ltd bought a new stake in shares of SailPoint in the second quarter worth about $1,948,000. Finally, Quantinno Capital Management LP increased its holdings in shares of SailPoint by 531.8% in the first quarter. Quantinno Capital Management LP now owns 251,770 shares of the company’s stock worth $3,333,000 after purchasing an additional 211,922 shares during the last quarter.

More SailPoint News

Here are the key news stories impacting SailPoint this week:

• Positive Sentiment: Robert W. Baird raised its price target to $25 from $22 and maintained an “outperform” rating. Oppenheimer also initiated coverage with an “outperform” rating and a $30 target, citing SailPoint’s potential role in securing enterprise AI agents. Oppenheimer coverage
• Positive Sentiment: Industry coverage highlighted a large gap between AI-agent adoption and identity-security capabilities, suggesting a potential demand catalyst for SailPoint’s platform. The company also announced updates to its identity-security platform, reinforcing its focus on this market. AI identity-security report
• Positive Sentiment: Analyst sentiment remains broadly favorable, with a “moderate buy” consensus and an average price target of approximately $22.11. SailPoint’s latest quarter also showed 17% year-over-year revenue growth and EPS above expectations.
• Neutral Sentiment: Amerx initiated coverage with a “hold” rating, introducing a more cautious view that contrasts with the recent bullish target increases. Amerx coverage
• Neutral Sentiment: CEO Mark McClain’s comments that AI agents need safeguards, including a “kill switch,” and SailPoint’s focus on eliminating standing privileges support the long-term industry narrative but do not add new financial guidance. CEO AI-agent commentary
• Negative Sentiment: Several executives, including the CEO, CFO, president, general counsel, chief accounting officer and an EVP, sold shares totaling roughly $10 million. The transactions were conducted under pre-arranged Rule 10b5-1 plans to cover tax withholding on vested equity awards, and executives retained substantial holdings, reducing—but not eliminating—the negative signal.

About SailPoint

SailPoint, Inc (NASDAQ:SAIL) is an identity security company that helps organizations manage and protect digital identities and access to applications, data, and other technology resources. Its software is designed to help enterprises determine who should have access to specific resources, enforce access policies, and identify and address inappropriate or excessive access.

The company’s offerings include its cloud-based identity security platform, which supports identity governance, access management, lifecycle automation, compliance, and analytics.