SailPoint (NASDAQ:SAIL) Posts Earnings Results, Beats Expectations By $0.01 EPS

SailPoint (NASDAQ:SAIL) released its earnings results on Wednesday. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01, FiscalAI reports. The company had revenue of $308.81 million for the quarter. SailPoint had a negative net margin of 14.04% and a positive return on equity of 2.31%. SailPoint updated its FY 2027 guidance to 0.300-0.340 EPS and its Q3 2027 guidance to 0.070-0.080 EPS.

SailPoint Stock Performance

NASDAQ SAIL opened at $17.79 on Wednesday. SailPoint has a fifty-two week low of $10.30 and a fifty-two week high of $24.00. The stock has a 50 day simple moving average of $17.17 and a two-hundred day simple moving average of $14.95. The stock has a market cap of $10.09 billion, a P/E ratio of -65.89, a price-to-earnings-growth ratio of 1.97 and a beta of 2.17.

Insider Activity

In related news, CFO Brian Carolan sold 46,002 shares of the firm’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $15.42, for a total value of $709,350.84. Following the completion of the sale, the chief financial officer owned 1,707,742 shares of the company’s stock, valued at $26,333,381.64. This trade represents a 2.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through 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, insider Abby Payne sold 21,542 shares of the company’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $16.29, for a total transaction of $350,919.18. Following the completion of the transaction, the insider owned 908,964 shares of the company’s stock, valued at $14,807,023.56. This trade represents a 2.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 ninety days, insiders sold 491,559 shares of company stock valued at $7,809,391. 1.70% of the stock is owned by insiders.

Hedge Funds Weigh In On SailPoint

Several hedge funds and other institutional investors have recently modified their holdings of SAIL. FNY Investment Advisers LLC lifted its holdings in SailPoint by 12.0% in the second quarter. FNY Investment Advisers LLC now owns 8,400 shares of the company’s stock worth $122,000 after buying an additional 900 shares during the period. Cerity Partners LLC raised its position in shares of SailPoint by 0.8% in the 4th quarter. Cerity Partners LLC now owns 115,604 shares of the company’s stock worth $2,339,000 after acquiring an additional 923 shares in the last quarter. Main Management ETF Advisors LLC raised its position in shares of SailPoint by 1.0% in the 4th quarter. Main Management ETF Advisors LLC now owns 102,573 shares of the company’s stock worth $2,075,000 after acquiring an additional 1,048 shares in the last quarter. Federation des caisses Desjardins du Quebec lifted its stake in shares of SailPoint by 24.1% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 7,871 shares of the company’s stock valued at $159,000 after purchasing an additional 1,528 shares during the period. Finally, Outfitters Financial LLC lifted its stake in shares of SailPoint by 4.8% in the 2nd quarter. Outfitters Financial LLC now owns 41,175 shares of the company’s stock valued at $603,000 after purchasing an additional 1,900 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Scotiabank reiterated a “sector outperform” rating and issued a $19.00 price objective (up from $16.00) on shares of SailPoint in a report on Tuesday, June 9th. Stephens reaffirmed an “overweight” rating and issued a $20.00 price target on shares of SailPoint in a research note on Wednesday, June 17th. Barclays boosted their price objective on SailPoint from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Tuesday, September 1st. Weiss Ratings upgraded shares of SailPoint from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, August 13th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of SailPoint in a research note on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $20.55.

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.