SailPoint, Inc. (NASDAQ:SAIL) Receives $20.08 Consensus Target Price from Brokerages

Shares of SailPoint, Inc. (NASDAQ:SAIL) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-three analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $20.0810.

A number of research analysts recently issued reports on SAIL shares. BTIG Research reissued a “buy” rating and set a $18.00 price target on shares of SailPoint in a research report on Tuesday, June 9th. BMO Capital Markets restated an “outperform” rating on shares of SailPoint in a report on Wednesday, June 10th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $19.00 target price on shares of SailPoint in a research note on Wednesday, June 10th. Weiss Ratings reiterated a “sell (e+)” rating on shares of SailPoint in a report on Wednesday, June 17th. Finally, Roth Capital assumed coverage on shares of SailPoint in a report on Wednesday, May 20th. They set a “buy” rating and a $19.00 target price for the company.

SailPoint Trading Up 3.7%

SAIL opened at $16.77 on Friday. The company has a market cap of $9.51 billion, a price-to-earnings ratio of -62.11, a price-to-earnings-growth ratio of 1.79 and a beta of 2.20. The stock has a fifty day simple moving average of $15.32 and a two-hundred day simple moving average of $14.57. SailPoint has a 12-month low of $10.30 and a 12-month high of $24.00.

SailPoint (NASDAQ:SAIL) last announced its earnings results on Tuesday, June 9th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. The firm had revenue of $280.14 million for the quarter. SailPoint had a negative net margin of 14.04% and a positive return on equity of 2.31%. The business’s quarterly revenue was up 21.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.01 EPS. SailPoint has set its Q2 2027 guidance at 0.070-0.080 EPS and its FY 2027 guidance at 0.300-0.340 EPS. On average, analysts predict that SailPoint will post 0.33 EPS for the current year.

Insider Activity at SailPoint

In related news, CEO Mark D. Mcclain sold 118,194 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 $1,925,380.26. Following the completion of the transaction, the chief executive officer owned 8,187,130 shares of the company’s stock, valued at $133,368,347.70. This trade represents a 1.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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, insider Abby Payne sold 21,542 shares of SailPoint stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $16.29, for a total value of $350,919.18. Following the transaction, the insider owned 908,964 shares of the company’s stock, valued at $14,807,023.56. The trade was 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. Insiders have sold 497,832 shares of company stock worth $7,934,851 over the last quarter. 1.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On SailPoint

Institutional investors and hedge funds have recently modified their holdings of the stock. Wasatch Advisors LP purchased a new position in shares of SailPoint in the 2nd quarter worth about $66,173,000. Handelsbanken Fonder AB increased its stake in SailPoint by 13.9% during the 2nd quarter. Handelsbanken Fonder AB now owns 18,000 shares of the company’s stock valued at $264,000 after purchasing an additional 2,200 shares in the last quarter. Polianta Ltd bought a new stake in SailPoint during the 2nd quarter valued at about $1,948,000. FNY Investment Advisers LLC raised its holdings in SailPoint by 12.0% in the second quarter. FNY Investment Advisers LLC now owns 8,400 shares of the company’s stock worth $122,000 after buying an additional 900 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in SailPoint by 40.1% in the first quarter. Bank of America Corp DE now owns 1,764,870 shares of the company’s stock worth $23,367,000 after buying an additional 504,726 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.