SailPoint, Inc. (NASDAQ:SAIL) Given Average Rating of “Moderate Buy” by Brokerages

Shares of SailPoint, Inc. (NASDAQ:SAIL) have received a consensus rating of “Moderate Buy” from the twenty-five brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and nineteen have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $21.3783.

Several analysts have commented on SAIL shares. Barclays raised their price objective on SailPoint from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, September 10th. Evercore reissued an “outperform” rating on shares of SailPoint in a report on Thursday, September 10th. Rosenblatt Securities restated a “neutral” rating and set a $17.00 price objective on shares of SailPoint in a research report on Thursday, September 10th. Morgan Stanley increased their price objective on shares of SailPoint from $18.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, August 20th. Finally, BTIG Research reiterated a “buy” rating and issued a $21.00 target price on shares of SailPoint in a research report on Wednesday, September 9th.

SailPoint Stock Performance

SAIL opened at $19.83 on Friday. The company has a fifty day moving average of $17.79 and a two-hundred day moving average of $15.23. The stock has a market capitalization of $11.32 billion, a price-to-earnings ratio of -58.32, a PEG ratio of 2.18 and a beta of 2.17. SailPoint has a fifty-two week low of $10.30 and a fifty-two week high of $24.00.

SailPoint (NASDAQ:SAIL) last posted its earnings results on Wednesday, September 9th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. SailPoint had a negative net margin of 16.92% and a positive return on equity of 2.44%. The business had revenue of $308.81 million for the quarter. During the same period in the previous year, the company earned ($0.02) earnings per share. The company’s revenue was up 17.0% compared to the same quarter last year. SailPoint has set its FY 2027 guidance at 0.300-0.340 EPS and its Q3 2027 guidance at 0.070-0.080 EPS. On average, equities research analysts forecast that SailPoint will post 0.33 earnings per share for the current year.

Insider Activity at SailPoint

In other SailPoint news, CEO Mark McClain sold 93,260 shares of the stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $15.42, for a total transaction of $1,438,069.20. Following the completion of the transaction, the chief executive officer owned 8,093,870 shares of the company’s stock, valued at $124,807,475.40. This represents a 1.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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, CAO Mitra Rezvan sold 3,881 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $15.42, for a total value of $59,845.02. Following the completion of the transaction, the chief accounting officer owned 182,641 shares in the company, valued at approximately $2,816,324.22. This trade represents a 2.08% decrease in their position. 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. Insiders sold 491,559 shares of company stock worth $7,809,391 in the last quarter. Corporate insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On SailPoint

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. WINTON GROUP Ltd raised its position in shares of SailPoint by 171.8% in the second quarter. WINTON GROUP Ltd now owns 64,954 shares of the company’s stock valued at $951,000 after buying an additional 41,054 shares during the last quarter. Engineers Gate Manager LP acquired a new position in SailPoint during the second quarter worth about $464,000. Integrated Wealth Concepts LLC acquired a new position in SailPoint during the second quarter worth about $125,000. Corient Private Wealth LP purchased a new stake in SailPoint during the 2nd quarter valued at about $412,000. Finally, Outfitters Financial LLC grew its stake in SailPoint by 4.8% during the 2nd quarter. Outfitters Financial LLC now owns 41,175 shares of the company’s stock valued at $603,000 after acquiring an additional 1,900 shares in the last quarter.

About SailPoint

SailPoint Technologies, Inc (NASDAQ: SAIL) is a cybersecurity company focused on identity security. Its software helps organizations manage and protect digital identities, control access to applications and data, and enforce policies governing employee, contractor, customer, and machine access across enterprise environments.

The company’s offerings include SailPoint Identity Security Cloud, a cloud-based platform designed to provide identity governance, access reviews, lifecycle management, and automated provisioning.