SailPoint (NASDAQ:SAIL) Hits New 1-Year Low – Time to Sell?

SailPoint, Inc. (NASDAQ:SAIL) shares hit a new 52-week low on Monday . The stock traded as low as $13.39 and last traded at $13.55, with a volume of 666686 shares trading hands. The stock had previously closed at $14.19.

Analysts Set New Price Targets

A number of research firms have weighed in on SAIL. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $23.00 price target on shares of SailPoint in a research note on Wednesday, February 11th. BMO Capital Markets reiterated an “outperform” rating on shares of SailPoint in a research note on Thursday, December 11th. Berenberg Bank assumed coverage on SailPoint in a research note on Tuesday, November 18th. They issued a “buy” rating and a $31.70 price target on the stock. Truist Financial decreased their price objective on shares of SailPoint from $29.00 to $23.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Finally, The Goldman Sachs Group lowered their price objective on SailPoint from $25.00 to $21.00 and set a “neutral” rating for the company in a report on Wednesday, January 28th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $25.37.

SailPoint Stock Performance

The business’s 50 day simple moving average is $18.12 and its 200-day simple moving average is $19.88. The stock has a market capitalization of $7.40 billion and a price-to-earnings ratio of -2.75.

SailPoint (NASDAQ:SAIL) last issued its quarterly earnings data 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. SailPoint had a positive return on equity of 0.16% and a negative net margin of 30.87%.The business had revenue of $281.94 million during the quarter, compared to the consensus estimate of $270.35 million. SailPoint’s quarterly revenue 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.

Insiders Place Their Bets

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

Hedge Funds Weigh In On SailPoint

Several large investors have recently made changes to their positions in the business. Stephens Investment Management Group LLC boosted its position in shares of SailPoint by 10.9% in the third quarter. Stephens Investment Management Group LLC now owns 1,679,495 shares of the company’s stock worth $37,083,000 after buying an additional 165,741 shares during the period. Bank of New York Mellon Corp grew its stake in SailPoint by 3,022.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 481,908 shares of the company’s stock valued at $11,016,000 after acquiring an additional 466,474 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of SailPoint by 86.0% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 167,021 shares of the company’s stock valued at $3,688,000 after purchasing an additional 77,237 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in shares of SailPoint in the third quarter worth approximately $26,365,000. Finally, Outfitter Financial LLC acquired a new stake in shares of SailPoint during the second quarter worth approximately $320,000.

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.