SailPoint, Inc. (NASDAQ:SAIL) Given Average Rating of “Moderate Buy” by Brokerages

SailPoint, Inc. (NASDAQ:SAIL) has earned a consensus rating of “Moderate Buy” from the twenty-three brokerages that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation, seventeen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $20.0810.

A number of research analysts recently commented on SAIL shares. TD Cowen reaffirmed a “buy” rating on shares of SailPoint in a research note on Wednesday, June 17th. Royal Bank Of Canada reissued an “outperform” rating and issued a $19.00 target price on shares of SailPoint in a report on Wednesday, June 17th. Weiss Ratings restated a “sell (e+)” rating on shares of SailPoint in a research report on Wednesday, June 17th. Barclays cut their price target on shares of SailPoint from $22.00 to $19.00 and set an “overweight” rating for the company in a report on Wednesday, June 10th. Finally, Stephens reiterated an “overweight” rating and set a $20.00 price target on shares of SailPoint in a research report on Wednesday, June 17th.

SailPoint Stock Performance

Shares of SAIL opened at $15.27 on Tuesday. SailPoint has a 52 week low of $10.30 and a 52 week high of $24.00. The firm has a market cap of $8.66 billion, a P/E ratio of -56.55, a price-to-earnings-growth ratio of 1.70 and a beta of 2.20. The firm’s 50-day simple moving average is $14.30 and its 200 day simple moving average is $15.29.

SailPoint (NASDAQ:SAIL) last posted its quarterly earnings data on Tuesday, June 9th. The company reported $0.05 earnings per share for the quarter, topping 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 firm had revenue of $280.14 million for the quarter. During the same quarter in the previous year, the business earned $0.01 EPS. The firm’s quarterly revenue was up 21.5% on a year-over-year basis. 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, equities analysts forecast that SailPoint will post 0.32 earnings per share for the current year.

Insiders Place Their Bets

In other news, President Matt Mills sold 34,171 shares of the stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $11.46, for a total value of $391,599.66. Following the completion of the transaction, the president owned 2,451,334 shares of the company’s stock, valued at approximately $28,092,287.64. This represents a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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, General Counsel Christopher Schmitt sold 18,813 shares of the stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $11.46, for a total transaction of $215,596.98. Following the completion of the transaction, the general counsel directly owned 1,355,551 shares of the company’s stock, valued at approximately $15,534,614.46. The trade was a 1.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 sold a total of 534,449 shares of company stock valued at $6,569,848 over the last ninety days. 1.70% of the stock is owned by insiders.

Institutional Trading of SailPoint

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SAIL. Vanguard Group Inc. lifted its holdings in SailPoint by 4.3% in the third quarter. Vanguard Group Inc. now owns 5,317,789 shares of the company’s stock valued at $117,417,000 after buying an additional 219,375 shares during the period. Norges Bank acquired a new stake in SailPoint during the 4th quarter worth about $234,681,000. OFI Invest Asset Management grew its holdings in SailPoint by 79.6% during the 4th quarter. OFI Invest Asset Management now owns 905,653 shares of the company’s stock worth $18,321,000 after acquiring an additional 401,431 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of SailPoint by 22.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,412,578 shares of the company’s stock worth $26,768,000 after acquiring an additional 255,720 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of SailPoint by 215.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 95,616 shares of the company’s stock worth $2,111,000 after acquiring an additional 65,329 shares in the last quarter.

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.