Truist Financial Cuts SailPoint (NASDAQ:SAIL) Price Target to $18.00

SailPoint (NASDAQ:SAIL) had its price objective decreased by Truist Financial from $23.00 to $18.00 in a research note published on Thursday morning,Benzinga reports. Truist Financial currently has a buy rating on the stock.

A number of other research analysts have also recently commented on SAIL. Scotiabank dropped their price target on SailPoint from $24.00 to $16.00 and set a “sector outperform” rating on the stock in a research report on Thursday. FBN Securities started coverage on SailPoint in a report on Tuesday, February 24th. They issued an “outperform” rating and a $18.00 price objective for the company. Mizuho lowered their price objective on SailPoint from $23.00 to $20.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 17th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of SailPoint in a report on Wednesday, December 3rd. Finally, BTIG Research cut their target price on shares of SailPoint from $22.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.79.

SailPoint Price Performance

Shares of SAIL stock opened at $12.25 on Thursday. The firm has a 50-day moving average of $15.64 and a 200-day moving average of $19.08. SailPoint has a one year low of $11.90 and a one year high of $24.95. The company has a market cap of $6.88 billion and a P/E ratio of -21.87.

SailPoint (NASDAQ:SAIL) last issued its quarterly earnings results on Wednesday, March 18th. The company reported $0.08 EPS for the quarter, hitting analysts’ consensus estimates of $0.08. The business had revenue of $294.65 million for the quarter. SailPoint had a positive return on equity of 1.95% and a negative net margin of 25.20%.The business’s revenue was up 22.9% compared to the same quarter last year. During the same quarter last year, the business posted ($4.29) earnings per share.

Insider Activity

In related news, General Counsel Christopher Schmitt sold 11,908 shares of the business’s stock in a transaction dated Tuesday, January 6th. The stock was 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 directly owned 1,057,956 shares in the company, valued at $20,344,493.88. The trade was a 1.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Matt Mills sold 21,345 shares of the business’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $19.23, for a total value of $410,464.35. Following the transaction, the president directly owned 1,882,913 shares of the company’s stock, valued at $36,208,416.99. The trade was a 1.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 354,243 shares of company stock valued at $6,924,823 over the last 90 days. Company insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On SailPoint

Large investors have recently added to or reduced their stakes in the business. Aster Capital Management DIFC Ltd bought a new stake in shares of SailPoint in the 3rd quarter valued at about $31,000. Loomis Sayles & Co. L P purchased a new stake in SailPoint during the 2nd quarter valued at about $42,000. State of Wyoming bought a new position in SailPoint during the 2nd quarter worth approximately $45,000. Palladiem LLC bought a new position in SailPoint during the 4th quarter worth approximately $42,000. Finally, Kestra Advisory Services LLC purchased a new position in SailPoint in the 4th quarter worth approximately $42,000.

SailPoint News Roundup

Here are the key news stories impacting SailPoint this week:

• Positive Sentiment: Company reported continued ARR and SaaS growth and set a 21% ARR growth target for FY2027 — evidence of secular demand for identity/security software that supports longer‑term subscription revenue expansion. SailPoint outlines 21% ARR growth target for 2027
• Positive Sentiment: Analysts and commentators highlight strong SaaS ARR momentum and argue the company’s transition to higher‑margin recurring revenue supports upside over time; a few firms reiterated Buy/Outperform ratings (albeit with lower targets). Analyst note on ARR momentum
• Neutral Sentiment: Q4 results came in largely in‑line: EPS matched consensus at $0.08 and revenue rose ~23% (to ~$294.7M), showing healthy top‑line growth but mixed segment performance and margin compression. That explains the “not bad, not great” market reaction. Zacks: Q4 earnings match estimates
• Negative Sentiment: Management issued a cautious near‑term outlook (a downbeat Q1 revenue projection), which disappointed investors and fed the post‑earnings selloff. MSN: Downbeat Q1 projection
• Negative Sentiment: Multiple firms cut price targets (JPMorgan, Truist, Goldman, RBC, Scotiabank, Wells Fargo, BTIG, Robert W. Baird, etc.), which increased near‑term selling pressure despite many maintaining Buy/Overweight stances—signals of reduced analyst conviction on timing/value. Benzinga: roundup of price target changes TickerReport: RBC note

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.