SailPoint (NASDAQ:SAIL) Updates Q1 2027 Earnings Guidance

SailPoint (NASDAQ:SAIL) issued an update on its first quarter 2027 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.040-0.050 for the period, compared to the consensus earnings per share estimate of 0.050. The company issued revenue guidance of $273.0 million-$277.0 million, compared to the consensus revenue estimate of $285.3 million. SailPoint also updated its FY 2027 guidance to 0.300-0.340 EPS.

SailPoint Stock Performance

Shares of SAIL stock traded down $1.35 during mid-day trading on Thursday, hitting $11.07. The company’s stock had a trading volume of 4,955,525 shares, compared to its average volume of 3,028,915. SailPoint has a 52-week low of $11.10 and a 52-week high of $24.95. The business has a 50-day moving average price of $14.20 and a 200 day moving average price of $18.28. The stock has a market cap of $6.24 billion, a price-to-earnings ratio of -20.04 and a beta of 2.38.

SailPoint (NASDAQ:SAIL) last posted its quarterly earnings results on Wednesday, March 18th. The company reported $0.08 earnings per share for the quarter, hitting the consensus estimate of $0.08. SailPoint had a positive return on equity of 1.95% and a negative net margin of 25.20%.The firm had revenue of $294.65 million during the quarter. During the same quarter in the prior year, the firm earned ($4.29) EPS. The firm’s revenue for the quarter was up 22.9% compared to the same quarter last year.

Analysts Set New Price Targets

A number of research firms recently commented on SAIL. BTIG Research reduced their price objective on SailPoint from $22.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, March 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of SailPoint in a research report on Monday, December 29th. Barclays reduced their price objective on SailPoint from $23.00 to $20.00 and set an “overweight” rating for the company in a research report on Monday, March 16th. BMO Capital Markets reiterated an “outperform” rating on shares of SailPoint in a research report on Thursday, December 11th. Finally, FBN Securities began coverage on SailPoint in a research report on Tuesday, February 24th. They set an “outperform” rating and a $18.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $21.35.

Institutional Trading of SailPoint

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS Group AG increased its position in SailPoint by 116.3% in the third quarter. UBS Group AG now owns 4,128,038 shares of the company’s stock worth $91,147,000 after buying an additional 2,219,593 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in SailPoint by 1.8% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,869,273 shares of the company’s stock worth $63,359,000 after buying an additional 49,718 shares in the last quarter. Alliancebernstein L.P. increased its position in SailPoint by 20.9% in the third quarter. Alliancebernstein L.P. now owns 2,680,131 shares of the company’s stock worth $59,177,000 after buying an additional 464,098 shares in the last quarter. NZS Capital LLC increased its position in SailPoint by 12.2% in the fourth quarter. NZS Capital LLC now owns 1,959,650 shares of the company’s stock worth $39,644,000 after buying an additional 212,489 shares in the last quarter. Finally, Artisan Partners Limited Partnership purchased a new stake in SailPoint in the fourth quarter worth about $35,203,000.

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.