SailPoint, Inc. (NASDAQ:SAIL) Stock Has Consensus Target Price of $22.20 According to Analysts

SailPoint, Inc. (NASDAQ:SAIL) has received a consensus recommendation of “Moderate Buy” from the twenty-eight brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and twenty-one have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $22.20.

Several brokerages recently weighed in on SAIL. Oppenheimer began coverage on SailPoint in a research report on Wednesday, October 7th. They set an “outperform” rating and a $30.00 price objective for the company. HC Wainwright restated a “buy” rating on shares of SailPoint in a research report on Monday, October 12th. Robert W. Baird upped their target price on SailPoint from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Thursday, October 8th. Weiss Ratings upgraded SailPoint from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, August 13th. Finally, Evercore reiterated an “outperform” rating on shares of SailPoint in a research report on Thursday, September 10th.

Insider Buying and Selling

In related news, President Matt Mills sold 42,442 shares of SailPoint stock in a transaction that occurred on Wednesday, October 7th. The shares were sold at an average price of $19.71, for a total transaction of $836,531.82. Following the sale, the president directly owned 2,292,872 shares in the company, valued at $45,192,507.12. This trade represents a 1.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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, EVP Chandrasekar Gnanasambandam sold 22,609 shares of the business’s stock in a transaction that occurred on Wednesday, October 7th. The stock was sold at an average price of $19.71, for a total transaction of $445,623.39. Following the sale, the executive vice president directly owned 898,821 shares in the company, valued at $17,715,761.91. The trade was a 2.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 have sold a total of 515,009 shares of company stock valued at $10,310,350 over the last three months. Insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On SailPoint

Several institutional investors and hedge funds have recently added to or reduced their stakes in SAIL. Allspring Global Investments Holdings LLC bought a new position in SailPoint during the 3rd quarter worth $5,443,000. Kornitzer Capital Management Inc. KS acquired a new stake in shares of SailPoint during the third quarter worth $5,293,000. Covestor Ltd raised its stake in SailPoint by 134.1% during the third quarter. Covestor Ltd now owns 3,813 shares of the company’s stock worth $78,000 after buying an additional 2,184 shares during the last quarter. Provenance Wealth Advisors LLC bought a new position in SailPoint during the third quarter worth $338,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in SailPoint during the third quarter worth $1,872,000.

SailPoint Trading Up 3.8%

NASDAQ SAIL opened at $19.72 on Monday. SailPoint has a 1-year low of $10.30 and a 1-year high of $22.62. The company has a 50 day moving average of $19.96 and a 200-day moving average of $16.14. The company has a market cap of $11.26 billion, a price-to-earnings ratio of 63.30, a PEG ratio of 2.01 and a beta of 2.08.

SailPoint (NASDAQ:SAIL) last released its earnings results on Wednesday, September 9th. The company reported $0.09 EPS for the quarter, beating 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 firm had revenue of $308.81 million for the quarter. During the same period in the prior year, the business earned ($0.02) earnings per share. SailPoint’s quarterly 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.

About SailPoint

SailPoint Technologies, Inc (NASDAQ:SAIL) provides identity security software that helps organizations manage and protect digital identities and access to applications, data, and other technology resources. Its platform is designed to support identity governance, access management, compliance, and security operations across complex information-technology environments.

The company’s offerings include SailPoint Identity Security Cloud, a cloud-based platform for managing workforce and machine identities, as well as identity governance and administration capabilities delivered through its broader SailPoint platform.