SailPoint (NASDAQ:SAIL – Get Free Report)‘s stock had its “buy” rating reissued by analysts at BTIG Research in a note issued to investors on Tuesday,Benzinga reports. They presently have a $18.00 target price on the stock. BTIG Research’s price target suggests a potential upside of 14.43% from the stock’s current price.
Several other brokerages also recently weighed in on SAIL. Cantor Fitzgerald reiterated an “overweight” rating on shares of SailPoint in a report on Monday, June 1st. Scotiabank dropped their price objective on SailPoint from $24.00 to $16.00 and set a “sector outperform” rating for the company in a report on Thursday, March 19th. FBN Securities initiated coverage on SailPoint in a report on Tuesday, February 24th. They set an “outperform” rating and a $18.00 price objective for the company. Mizuho dropped their price objective on SailPoint from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Tuesday, February 17th. Finally, Royal Bank Of Canada set a $17.00 price objective on SailPoint in a report on Friday, May 15th. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, SailPoint presently has a consensus rating of “Moderate Buy” and an average price target of $21.29.
SailPoint Stock Down 11.1%
SailPoint (NASDAQ:SAIL – Get Free Report) last issued its quarterly earnings results on Tuesday, June 9th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.01. The company had revenue of $280.14 million during the quarter. SailPoint had a positive return on equity of 1.95% and a negative net margin of 25.20%.The company’s revenue was up 21.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.01 earnings per share. SailPoint has set its Q2 2027 guidance at 0.070-0.080 EPS and its FY 2027 guidance at 0.300-0.340 EPS. Analysts predict that SailPoint will post 0.32 earnings per share for the current year.
Insiders Place Their Bets
In related news, CFO Brian Carolan sold 47,444 shares of the company’s stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $11.46, for a total value of $543,708.24. Following the completion of the sale, the chief financial officer owned 1,786,212 shares in the company, valued at approximately $20,469,989.52. This represents a 2.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 16,930 shares of the company’s stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $11.46, for a total transaction of $194,017.80. Following the completion of the sale, the insider owned 930,506 shares of the company’s stock, valued at approximately $10,663,598.76. This trade represents a 1.79% decrease in their position. 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. Insiders have sold 534,449 shares of company stock worth $6,569,848 in the last quarter. Corporate insiders own 1.70% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of SAIL. Aster Capital Management DIFC Ltd acquired a new position in SailPoint in the 3rd quarter valued at $31,000. Palladiem LLC acquired a new position in SailPoint in the 4th quarter valued at $42,000. Kestra Advisory Services LLC acquired a new position in SailPoint in the 4th quarter valued at $42,000. State of Wyoming acquired a new position in SailPoint in the 2nd quarter valued at $45,000. Finally, CWM LLC grew its stake in SailPoint by 315.6% in the 4th quarter. CWM LLC now owns 2,656 shares of the company’s stock valued at $54,000 after buying an additional 2,017 shares during the last quarter.
Trending Headlines about SailPoint
Here are the key news stories impacting SailPoint this week:
- Positive Sentiment: SailPoint reported Q1 EPS of $0.05, above the $0.04 consensus estimate, while revenue rose 21.5% year over year to $280.1 million, showing continued subscription-driven growth. Conference Call / Earnings Materials
- Positive Sentiment: The company said the loss narrowed and subscription growth supported revenue, which reinforces that the core business is still expanding. MarketWatch Article
- Neutral Sentiment: Management’s FY2027 EPS guidance of $0.30-$0.34 is close to the $0.32 consensus, suggesting the company is not raising expectations materially after the beat. Zacks Article
- Neutral Sentiment: Q2 EPS guidance of $0.07-$0.08 was also near estimates, so the outlook did not provide a clear upside surprise to offset investor concerns. Press Release
- Negative Sentiment: Despite the earnings beat, multiple reports say the stock is slumping because the market expected a bigger beat and/or stronger guidance, creating a classic “good results, weaker-than-hoped outlook” reaction. Yahoo Finance Article
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.
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