SailPoint (NASDAQ:SAIL) Price Target Lowered to $20.00 at Mizuho

SailPoint (NASDAQ:SAIL) had its price target cut by stock analysts at Mizuho from $23.00 to $20.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Mizuho’s price target points to a potential upside of 25.63% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Robert W. Baird assumed coverage on shares of SailPoint in a research report on Monday, October 27th. They issued an “outperform” rating and a $26.00 target price on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of SailPoint in a research note on Monday, December 29th. Wolfe Research began coverage on SailPoint in a report on Monday, October 20th. They issued an “outperform” rating and a $27.00 target price for the company. Scotiabank decreased their price objective on SailPoint from $25.00 to $24.00 and set a “sector outperform” rating for the company in a research report on Wednesday, December 10th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $29.00 price objective on shares of SailPoint in a report on Thursday, January 8th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, SailPoint currently has a consensus rating of “Moderate Buy” and an average price target of $25.65.

SailPoint Stock Up 4.6%

Shares of SAIL opened at $15.92 on Tuesday. SailPoint has a 52-week low of $13.72 and a 52-week high of $26.35. The stock has a fifty day simple moving average of $18.56 and a two-hundred day simple moving average of $20.01. The company has a market capitalization of $8.94 billion and a PE ratio of -3.32.

SailPoint (NASDAQ:SAIL) last issued its earnings results on Tuesday, December 9th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. SailPoint had a negative net margin of 30.87% and a positive return on equity of 0.16%. The company had revenue of $281.94 million for the quarter, compared to the consensus estimate of $270.35 million. The firm’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.

Insiders Place Their Bets

In other SailPoint news, CAO Mitra Rezvan sold 3,782 shares of the stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $19.57, for a total transaction of $74,013.74. Following the completion of the transaction, the chief accounting officer owned 119,109 shares in the company, valued at approximately $2,330,963.13. This represents a 3.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Chandrasekar Gnanasambandam sold 4,245 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 value of $83,074.65. Following the transaction, the executive vice president directly owned 517,351 shares of the company’s stock, valued at $10,124,559.07. This trade represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 354,243 shares of company stock worth $6,924,823 over the last ninety days.

Institutional Investors Weigh In On SailPoint

Hedge funds have recently bought and sold shares of the company. Aster Capital Management DIFC Ltd bought a new stake in SailPoint in the 3rd quarter valued at $31,000. Loomis Sayles & Co. L P bought a new position in SailPoint during the 2nd quarter worth $42,000. Palladiem LLC acquired a new position in SailPoint in the fourth quarter valued at about $42,000. Kestra Advisory Services LLC bought a new stake in SailPoint during the fourth quarter worth about $42,000. Finally, State of Wyoming bought a new position in SailPoint in the 2nd quarter valued at about $45,000.

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.