SailPoint (NASDAQ:SAIL) Issues FY 2027 Earnings Guidance

SailPoint (NASDAQ:SAILGet Free Report) issued an update on its FY 2027 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.300-0.340 for the period, compared to the consensus estimate of 0.320. The company issued revenue guidance of $1.3 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 billion. SailPoint also updated its Q3 2027 guidance to 0.070-0.080 EPS.

SailPoint Stock Performance

Shares of NASDAQ SAIL opened at $17.79 on Wednesday. SailPoint has a 52-week low of $10.30 and a 52-week high of $24.00. The company’s 50 day moving average price is $17.17 and its 200-day moving average price is $14.95. The company has a market capitalization of $10.09 billion, a P/E ratio of -65.89, a price-to-earnings-growth ratio of 1.97 and a beta of 2.17.

SailPoint (NASDAQ:SAILGet Free Report) last issued its quarterly earnings results on Wednesday, September 9th. The company reported $0.09 EPS for the quarter. SailPoint had a negative net margin of 14.04% and a positive return on equity of 2.31%. The business had revenue of $308.81 million for the quarter. SailPoint has set its FY 2027 guidance at 0.300-0.340 EPS and its Q3 2027 guidance at 0.070-0.080 EPS. Analysts forecast that SailPoint will post 0.32 earnings per share for the current year.

Wall Street Analyst Weigh In

SAIL has been the subject of several research analyst reports. TD Cowen lifted their price objective on shares of SailPoint from $19.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, August 17th. Wolfe Research reissued an “outperform” rating and issued a $18.00 price objective on shares of SailPoint in a research note on Wednesday, June 10th. Barclays raised their price target on shares of SailPoint from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Tuesday, September 1st. Weiss Ratings upgraded SailPoint from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, August 13th. Finally, Wells Fargo & Company raised their price target on shares of SailPoint from $19.00 to $22.00 and gave the stock an “overweight” rating in a research note on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, SailPoint has an average rating of “Moderate Buy” and an average target price of $20.55.

Read Our Latest Stock Analysis on SAIL

Insider Buying and Selling

In other SailPoint news, insider Abby Payne sold 21,542 shares of SailPoint stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $16.29, for a total transaction of $350,919.18. Following the completion of the sale, the insider owned 908,964 shares of the company’s stock, valued at $14,807,023.56. The trade was a 2.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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, General Counsel Christopher Schmitt sold 23,940 shares of the stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $16.29, for a total value of $389,982.60. Following the transaction, the general counsel owned 1,331,611 shares in the company, valued at $21,691,943.19. This trade represents a 1.77% decrease in their ownership of the stock. 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 valued at $7,809,391 in the last three months. 1.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SailPoint

Hedge funds have recently made changes to their positions in the business. UBS Group AG grew its holdings in shares of SailPoint by 116.3% during the 3rd quarter. UBS Group AG now owns 4,128,038 shares of the company’s stock valued at $91,147,000 after purchasing an additional 2,219,593 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in SailPoint by 1.8% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,869,273 shares of the company’s stock worth $63,359,000 after purchasing an additional 49,718 shares during the period. Alliancebernstein L.P. lifted its stake in SailPoint by 20.9% in the third quarter. Alliancebernstein L.P. now owns 2,680,131 shares of the company’s stock worth $59,177,000 after purchasing an additional 464,098 shares during the last quarter. NZS Capital LLC lifted its stake in SailPoint by 12.2% in the fourth quarter. NZS Capital LLC now owns 1,959,650 shares of the company’s stock worth $39,644,000 after purchasing an additional 212,489 shares during the last quarter. Finally, Artisan Partners Limited Partnership purchased a new stake in SailPoint during the fourth quarter valued at about $35,203,000.

SailPoint Company Profile

(Get Free Report)

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.

Further Reading

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