SailPoint, Inc. (NASDAQ:SAIL) Receives $20.08 Average Target Price from Analysts

Shares of SailPoint, Inc. (NASDAQ:SAIL) have been given a consensus rating of “Moderate Buy” by the twenty-four research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $20.2591.

A number of equities research analysts have recently weighed in on the company. Roth Capital assumed coverage on SailPoint in a report on Wednesday, May 20th. They set a “buy” rating and a $19.00 target price for the company. BMO Capital Markets restated an “outperform” rating on shares of SailPoint in a research note on Wednesday, June 10th. TD Cowen raised their price target on shares of SailPoint from $19.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday. Weiss Ratings upgraded shares of SailPoint from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 13th. Finally, Scotiabank reiterated a “sector outperform” rating and issued a $19.00 price objective (up from $16.00) on shares of SailPoint in a research note on Tuesday, June 9th.

Insider Activity at SailPoint

In related news, CEO Mark D. Mcclain sold 118,194 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $16.29, for a total value of $1,925,380.26. Following the completion of the sale, the chief executive officer directly owned 8,187,130 shares in the company, valued at approximately $133,368,347.70. The trade was a 1.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 21,542 shares of the stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $16.29, for a total value of $350,919.18. Following the sale, the insider directly owned 908,964 shares in the company, valued at $14,807,023.56. This represents a 2.32% 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. In the last three months, insiders sold 499,046 shares of company stock valued at $7,959,131. 1.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On SailPoint

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Outfitters Financial LLC lifted its position in shares of SailPoint by 4.8% during the 2nd quarter. Outfitters Financial LLC now owns 41,175 shares of the company’s stock valued at $603,000 after acquiring an additional 1,900 shares during the period. B. Metzler seel. Sohn & Co. AG bought a new position in shares of SailPoint in the second quarter worth $1,427,000. Susquehanna Fundamental Investments LLC bought a new position in shares of SailPoint in the second quarter worth $7,070,000. Northwestern Mutual Wealth Management Co. acquired a new position in SailPoint in the second quarter valued at about $50,000. Finally, Wellington Management Group LLP acquired a new position in SailPoint in the second quarter valued at about $4,781,000.

SailPoint Trading Up 0.7%

Shares of NASDAQ SAIL opened at $18.64 on Wednesday. The firm has a market cap of $10.57 billion, a P/E ratio of -69.03, a price-to-earnings-growth ratio of 1.94 and a beta of 2.08. The business’s 50 day moving average is $15.83 and its 200-day moving average is $14.65. SailPoint has a 1-year low of $10.30 and a 1-year high of $24.00.

SailPoint (NASDAQ:SAIL) last released its quarterly earnings results on Tuesday, June 9th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. SailPoint had a positive return on equity of 2.31% and a negative net margin of 14.04%.The business had revenue of $280.14 million during the quarter. During the same quarter last year, the firm earned $0.01 earnings per share. The business’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 forecast that SailPoint will post 0.32 EPS for the current 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.