SailPoint (NASDAQ:SAIL) Now Covered by Analysts at Rosenblatt Securities

Stock analysts at Rosenblatt Securities began coverage on shares of SailPoint (NASDAQ:SAIL) in a research report issued on Wednesday,Benzinga reports. The brokerage set a “neutral” rating and a $16.00 price target on the stock. Rosenblatt Securities’ price objective indicates a potential downside of 1.17% from the company’s previous close.

Several other research analysts also recently weighed in on SAIL. Jefferies Financial Group downgraded shares of SailPoint from a “buy” rating to a “buy” rating in a research report on Wednesday, June 17th. TD Cowen reaffirmed a “buy” rating on shares of SailPoint in a research note on Wednesday, June 17th. Bank of America reiterated a “neutral” rating and set a $16.00 price objective on shares of SailPoint in a research report on Friday, June 12th. Truist Financial set a $18.00 target price on shares of SailPoint in a research note on Wednesday, June 17th. Finally, Stephens restated an “overweight” rating and issued a $20.00 target price on shares of SailPoint in a report on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $20.08.

SailPoint Stock Performance

SailPoint stock opened at $16.19 on Wednesday. The firm has a market cap of $9.18 billion, a price-to-earnings ratio of -59.96, a price-to-earnings-growth ratio of 1.76 and a beta of 2.20. SailPoint has a 1 year low of $10.30 and a 1 year high of $24.00. The firm’s 50 day moving average price is $14.47 and its two-hundred day moving average price is $15.19.

SailPoint (NASDAQ:SAIL) last released 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 business had revenue of $280.14 million during the quarter. During the same period in the prior year, the business earned $0.01 earnings per share. The business’s revenue was up 21.5% compared to the same quarter last year. 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 predict that SailPoint will post 0.32 EPS for the current fiscal year.

Insider Transactions at SailPoint

In other news, General Counsel Christopher Schmitt sold 18,813 shares of the business’s stock in a transaction 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 transaction, the general counsel directly owned 1,355,551 shares in the company, valued at $15,534,614.46. The trade was a 1.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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, EVP Chandrasekar Gnanasambandam sold 20,082 shares of the stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $11.46, for a total value of $230,139.72. Following the sale, the executive vice president owned 968,926 shares of the company’s stock, valued at approximately $11,103,891.96. This represents a 2.03% decrease in their ownership of the stock. 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. In the last quarter, insiders have sold 241,273 shares of company stock worth $2,828,928. 1.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada purchased a new stake in shares of SailPoint during the 1st quarter worth about $1,146,000. Goldman Sachs Group Inc. bought a new stake in shares of SailPoint in the 1st quarter valued at approximately $7,546,000. JPMorgan Chase & Co. acquired a new position in SailPoint in the second quarter worth approximately $692,000. Rhumbline Advisers acquired a new position in SailPoint in the second quarter worth approximately $1,047,000. Finally, New York State Common Retirement Fund bought a new position in SailPoint during the second quarter valued at approximately $572,000.

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.