SailPoint (NASDAQ:SAIL) Upgraded by Wells Fargo & Company to Strong-Buy Rating

Wells Fargo & Company upgraded shares of SailPoint (NASDAQ:SAIL) to a strong-buy rating in a research note published on Monday,Zacks.com reports.

Several other research firms have also commented on SAIL. Barclays dropped their price target on shares of SailPoint from $25.00 to $23.00 and set an “overweight” rating on the stock in a research report on Thursday, December 4th. Scotiabank lowered their target price on shares of SailPoint from $25.00 to $24.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, December 10th. Weiss Ratings restated a “sell (d-)” rating on shares of SailPoint in a research report on Monday, December 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $23.00 price target on shares of SailPoint in a report on Wednesday, February 11th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of SailPoint in a research report on Thursday, December 11th. Four research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $24.27.

SailPoint Trading Down 1.0%

SAIL opened at $14.20 on Monday. The firm has a market cap of $7.98 billion and a price-to-earnings ratio of -2.96. SailPoint has a 12 month low of $12.81 and a 12 month high of $24.95. The stock has a fifty day moving average price of $17.12 and a 200-day moving average price of $19.59.

SailPoint (NASDAQ:SAIL) last posted its earnings results on Tuesday, December 9th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.02. SailPoint had a positive return on equity of 0.16% and a negative net margin of 30.87%.The company had revenue of $281.94 million for the quarter, compared to analyst estimates of $270.35 million. The company’s revenue for the quarter was up 19.8% compared to the same quarter last year. 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 Transactions at SailPoint

In other SailPoint news, CEO Mark D. Mcclain sold 52,799 shares of the business’s stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $19.57, for a total transaction of $1,033,276.43. Following the completion of the transaction, the chief executive officer owned 7,034,417 shares in the company, valued at $137,663,540.69. The trade was a 0.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Christopher Schmitt sold 4,507 shares of the stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $19.57, for a total transaction of $88,201.99. Following the completion of the sale, the general counsel directly owned 1,043,319 shares in the company, valued at approximately $20,417,752.83. This represents a 0.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 354,243 shares of company stock worth $6,924,823 in the last 90 days.

Institutional Investors Weigh In On SailPoint

Institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of SailPoint during the fourth quarter worth about $234,681,000. Vanguard Group Inc. boosted its stake in shares of SailPoint by 4.3% during the 3rd quarter. Vanguard Group Inc. now owns 5,317,789 shares of the company’s stock worth $117,417,000 after acquiring an additional 219,375 shares in the last quarter. Voya Investment Management LLC boosted its position in SailPoint by 10.1% during the third quarter. Voya Investment Management LLC now owns 4,309,070 shares of the company’s stock worth $95,144,000 after purchasing an additional 395,287 shares in the last quarter. UBS Group AG grew its stake in SailPoint by 116.3% in the 3rd quarter. UBS Group AG now owns 4,128,038 shares of the company’s stock valued at $91,147,000 after acquiring an additional 2,219,593 shares during the last quarter. Finally, GW&K Investment Management LLC increased its stake in shares of SailPoint by 34.3% during the 3rd quarter. GW&K Investment Management LLC now owns 3,395,602 shares of the company’s stock worth $74,975,000 after purchasing an additional 866,889 shares in 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.