SailPoint (NASDAQ:SAIL – Get Free Report)‘s stock had its “overweight” rating reissued by investment analysts at Stephens in a research report issued on Wednesday,Benzinga reports. They presently have a $20.00 price objective on the stock. Stephens’ price target indicates a potential upside of 45.10% from the stock’s previous close.
Several other equities analysts also recently weighed in on the company. The Goldman Sachs Group restated a “neutral” rating and issued a $19.00 target price on shares of SailPoint in a research report on Wednesday, June 10th. Bank of America restated a “neutral” rating and issued a $16.00 target price on shares of SailPoint in a research report on Friday, June 12th. BMO Capital Markets restated an “outperform” rating on shares of SailPoint in a research report on Wednesday, June 10th. Jefferies Financial Group downgraded SailPoint from a “buy” rating to a “buy” rating in a research report on Wednesday. Finally, Scotiabank reiterated a “sector outperform” rating and set a $19.00 price objective (up from $16.00) on shares of SailPoint in a research report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.08.
View Our Latest Research Report on SailPoint
SailPoint Stock Down 2.2%
SailPoint (NASDAQ:SAIL – Get Free Report) last released its 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 business had revenue of $280.14 million for the quarter. SailPoint had a positive return on equity of 2.31% and a negative net margin of 14.04%.The business’s revenue was up 21.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.01 EPS. SailPoint has set its Q2 2027 guidance at 0.070-0.080 EPS and its FY 2027 guidance at 0.300-0.340 EPS. As a group, analysts expect that SailPoint will post 0.32 earnings per share for the current fiscal year.
Insider Activity at SailPoint
In other SailPoint news, insider Abby Payne sold 16,930 shares of the firm’s stock in a transaction on Thursday, April 9th. The stock was 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 $10,663,598.76. This trade represents a 1.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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, President Matt Mills sold 34,171 shares of the firm’s stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $11.46, for a total value of $391,599.66. Following the sale, the president directly owned 2,451,334 shares of the company’s stock, valued at approximately $28,092,287.64. This trade represents a 1.37% 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 valued at $6,569,848 over the last 90 days. Corporate insiders own 1.70% of the company’s stock.
Institutional Investors Weigh In On SailPoint
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SAIL. Norges Bank acquired a new stake in SailPoint during the fourth quarter worth $234,681,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of SailPoint in the second quarter valued at $64,453,000. UBS Group AG grew its stake in shares of SailPoint by 116.3% in the third quarter. UBS Group AG now owns 4,128,038 shares of the company’s stock valued at $91,147,000 after buying an additional 2,219,593 shares in the last quarter. Artisan Partners Limited Partnership acquired a new stake in shares of SailPoint in the fourth quarter valued at $35,203,000. Finally, NZS Capital LLC grew its stake in shares of SailPoint by 186.6% in the third quarter. NZS Capital LLC now owns 1,747,161 shares of the company’s stock valued at $38,577,000 after buying an additional 1,137,643 shares in the last quarter.
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.
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