SailPoint (NASDAQ:SAIL) Trading Up 4.6% – Should You Buy?

SailPoint, Inc. (NASDAQ:SAIL) rose 4.6% on Monday . The stock traded as high as $20.81 and last traded at $20.75. 2,153,839 shares changed hands during mid-day trading, a decline of 40% from the average session volume of 3,592,140 shares. The stock had previously closed at $19.83.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SAIL. TD Cowen boosted their target price on shares of SailPoint from $19.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, August 17th. Royal Bank Of Canada boosted their target price on shares of SailPoint from $19.00 to $22.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Weiss Ratings raised SailPoint from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, August 13th. Cantor Fitzgerald boosted their target price on shares of SailPoint from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Scotiabank reaffirmed a “sector outperform” rating and set a $19.00 price objective (up from $16.00) on shares of SailPoint in a research report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.44.

SailPoint Trading Down 6.5%

The firm has a market capitalization of $10.91 billion, a P/E ratio of -71.22, a P/E/G ratio of 2.15 and a beta of 2.16. The business’s fifty day moving average is $16.64 and its 200 day moving average is $14.85.

SailPoint (NASDAQ:SAIL) last announced its earnings results on Tuesday, June 9th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. The business had revenue of $280.14 million during the quarter. SailPoint had a positive return on equity of 2.31% and a negative net margin of 14.04%.The company’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.01 earnings per share. SailPoint has set its Q2 2027 guidance at 0.070-0.080 EPS and its FY 2027 guidance at 0.300-0.340 EPS. As a group, sell-side analysts predict that SailPoint, Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Activity at SailPoint

In other news, CFO Brian Carolan sold 46,002 shares of the stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $15.42, for a total value of $709,350.84. Following the completion of the sale, the chief financial officer directly owned 1,707,742 shares of the company’s stock, valued at $26,333,381.64. This represents a 2.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 firm’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 transaction of $350,919.18. Following the sale, the insider owned 908,964 shares of the company’s stock, valued at approximately $14,807,023.56. This represents a 2.32% decrease in their ownership of the stock. 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 quarter, insiders have sold 491,559 shares of company stock worth $7,809,391. Company insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. FNY Investment Advisers LLC raised its stake in shares of SailPoint by 12.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 8,400 shares of the company’s stock worth $122,000 after purchasing an additional 900 shares in the last quarter. Cerity Partners LLC grew its stake in shares of SailPoint by 0.8% in the 4th quarter. Cerity Partners LLC now owns 115,604 shares of the company’s stock valued at $2,339,000 after buying an additional 923 shares in the last quarter. Main Management ETF Advisors LLC grew its stake in shares of SailPoint by 1.0% in the 4th quarter. Main Management ETF Advisors LLC now owns 102,573 shares of the company’s stock valued at $2,075,000 after buying an additional 1,048 shares in the last quarter. Federation des caisses Desjardins du Quebec increased its holdings in SailPoint by 24.1% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 7,871 shares of the company’s stock worth $159,000 after buying an additional 1,528 shares during the last quarter. Finally, Outfitters Financial LLC increased its holdings in SailPoint by 4.8% in the second quarter. Outfitters Financial LLC now owns 41,175 shares of the company’s stock worth $603,000 after buying an additional 1,900 shares during the last quarter.

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.