BTIG Research Cuts SailPoint (NASDAQ:SAIL) Price Target to $22.00

SailPoint (NASDAQ:SAIL) had its price objective lowered by BTIG Research from $29.00 to $22.00 in a report released on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research firms have also issued reports on SAIL. Weiss Ratings reissued a “sell (d-)” rating on shares of SailPoint in a report on Monday, December 29th. TD Cowen decreased their price objective on SailPoint from $30.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. BMO Capital Markets reiterated an “outperform” rating on shares of SailPoint in a research note on Thursday, December 11th. The Goldman Sachs Group dropped their target price on SailPoint from $25.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, January 28th. Finally, Mizuho cut their price target on SailPoint from $23.00 to $20.00 and set a “neutral” rating for the company in a research note on Tuesday, February 17th. Four equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, SailPoint currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.27.

SailPoint Price Performance

Shares of SailPoint stock opened at $13.92 on Monday. The firm’s fifty day simple moving average is $16.98 and its 200-day simple moving average is $19.55. SailPoint has a 12 month low of $12.81 and a 12 month high of $24.95. The stock has a market capitalization of $7.82 billion and a price-to-earnings ratio of -2.91.

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

Insider Transactions at SailPoint

In other SailPoint news, EVP Chandrasekar Gnanasambandam sold 4,245 shares of the firm’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $19.57, for a total value of $83,074.65. Following the completion of the sale, the executive vice president owned 517,351 shares of the company’s stock, valued at approximately $10,124,559.07. This trade represents a 0.81% 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. Also, insider Abby Payne sold 3,582 shares of the company’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $19.57, for a total transaction of $70,099.74. Following the transaction, the insider directly owned 678,807 shares in the company, valued at approximately $13,284,252.99. This trade represents a 0.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 354,243 shares of company stock valued at $6,924,823. 2.00% of the stock is owned by company insiders.

Institutional Trading of SailPoint

A number of institutional investors have recently added to or reduced their stakes in SAIL. Aster Capital Management DIFC Ltd purchased a new position in SailPoint in the third quarter valued at about $31,000. Loomis Sayles & Co. L P acquired a new position in SailPoint during the second quarter worth $42,000. Palladiem LLC purchased a new stake in SailPoint during the fourth quarter worth $42,000. Kestra Advisory Services LLC acquired a new stake in SailPoint in the fourth quarter valued at $42,000. Finally, State of Wyoming purchased a new position in shares of SailPoint in the second quarter valued at $45,000.

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.