Brokerages Set SailPoint, Inc. (NASDAQ:SAIL) PT at $24.83

SailPoint, Inc. (NASDAQ:SAIL) has earned an average rating of “Moderate Buy” from the twenty-four ratings firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation, sixteen have issued a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $24.8348.

A number of analysts have commented on SAIL shares. Scotiabank cut their price objective on shares of SailPoint from $25.00 to $24.00 and set a “sector outperform” rating for the company in a report on Wednesday, December 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of SailPoint in a research report on Monday, December 29th. TD Cowen lowered their price objective on SailPoint from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Tuesday, February 24th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of SailPoint in a research note on Wednesday, December 3rd. Finally, The Goldman Sachs Group reduced their price target on SailPoint from $25.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, January 28th.

SailPoint Stock Performance

NASDAQ SAIL opened at $14.10 on Wednesday. The business has a fifty day moving average price of $17.39 and a 200 day moving average price of $19.68. The company has a market cap of $7.92 billion and a P/E ratio of -2.94. SailPoint has a one year low of $12.81 and a one year high of $24.95.

SailPoint (NASDAQ:SAIL) last announced its earnings results on Tuesday, December 9th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.02. The company had revenue of $281.94 million for the quarter, compared to analysts’ expectations of $270.35 million. SailPoint had a negative net margin of 30.87% and a positive return on equity of 0.16%. The business’s revenue for the quarter was up 19.8% on a year-over-year basis. SailPoint has set its FY 2026 guidance at 0.220-0.230 EPS and its Q4 2026 guidance at 0.080-0.09 EPS.

Insider Activity

In other SailPoint news, General Counsel Christopher Schmitt sold 11,908 shares of the business’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $19.23, for a total value of $228,990.84. Following the transaction, the general counsel directly owned 1,057,956 shares in the company, valued at $20,344,493.88. The trade was a 1.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Brian Carolan sold 30,638 shares of the firm’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $19.57, for a total transaction of $599,585.66. Following the sale, the chief financial officer owned 1,277,795 shares of the company’s stock, valued at $25,006,448.15. This represents a 2.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 354,243 shares of company stock valued at $6,924,823 over the last three months.

Hedge Funds Weigh In On SailPoint

Hedge funds have recently modified their holdings of the business. Stephens Investment Management Group LLC lifted its holdings in shares of SailPoint by 10.9% in the 3rd quarter. Stephens Investment Management Group LLC now owns 1,679,495 shares of the company’s stock worth $37,083,000 after acquiring an additional 165,741 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in SailPoint by 3,022.4% during the second quarter. Bank of New York Mellon Corp now owns 481,908 shares of the company’s stock worth $11,016,000 after purchasing an additional 466,474 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of SailPoint by 86.0% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 167,021 shares of the company’s stock worth $3,688,000 after buying an additional 77,237 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of SailPoint in the third quarter valued at $26,365,000. Finally, OFI Invest Asset Management acquired a new position in SailPoint during the 3rd quarter worth about $11,133,000.

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.