SailPoint (NASDAQ:SAIL) Reaches New 12-Month Low – Here’s What Happened

Shares of SailPoint, Inc. (NASDAQ:SAIL) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $14.48 and last traded at $14.60, with a volume of 983027 shares trading hands. The stock had previously closed at $15.72.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Mizuho cut their price objective on SailPoint from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SailPoint in a research report on Monday, December 29th. Berenberg Bank assumed coverage on SailPoint in a research report on Tuesday, November 18th. They issued a “buy” rating and a $31.70 target price for the company. Wolfe Research assumed coverage on SailPoint in a research report on Monday, October 20th. They set an “outperform” rating and a $27.00 price target on the stock. Finally, Barclays decreased their price objective on SailPoint from $25.00 to $23.00 and set an “overweight” rating for the company in a report on Thursday, December 4th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $25.92.

SailPoint Stock Performance

The firm has a 50-day moving average price of $19.36 and a 200-day moving average price of $20.43. The stock has a market cap of $8.23 billion and a PE ratio of -3.06.

SailPoint (NASDAQ:SAIL) last posted its quarterly earnings results on Tuesday, December 9th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. SailPoint had a negative net margin of 30.87% and a positive return on equity of 0.16%. The firm had revenue of $281.94 million for the quarter, compared to analysts’ expectations of $270.35 million. The business’s revenue was up 19.8% on a year-over-year basis. SailPoint has set its FY 2026 guidance at 0.220-0.230 EPS and its Q4 2026 guidance at 0.080-0.09 EPS.

Insider Buying and Selling

In related news, CAO Mitra Rezvan sold 3,782 shares of the stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $19.57, for a total transaction of $74,013.74. Following the transaction, the chief accounting officer owned 119,109 shares in the company, valued at $2,330,963.13. This represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Christopher Schmitt sold 4,507 shares of the firm’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $19.57, for a total transaction of $88,201.99. Following the completion of the sale, the general counsel owned 1,043,319 shares in the company, valued at $20,417,752.83. This represents a 0.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 354,243 shares of company stock worth $6,924,823 in the last three months.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SAIL. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of SailPoint during the 4th quarter valued at about $910,000. CWM LLC boosted its holdings in shares of SailPoint by 315.6% in the fourth quarter. CWM LLC now owns 2,656 shares of the company’s stock worth $54,000 after buying an additional 2,017 shares during the last quarter. Farther Finance Advisors LLC grew its position in SailPoint by 208.2% during the fourth quarter. Farther Finance Advisors LLC now owns 3,070 shares of the company’s stock valued at $62,000 after buying an additional 2,074 shares during the period. AMI Asset Management Corp increased its holdings in SailPoint by 70.9% during the fourth quarter. AMI Asset Management Corp now owns 36,743 shares of the company’s stock valued at $743,000 after buying an additional 15,240 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. bought a new position in SailPoint in the fourth quarter worth approximately $216,000.

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.