SailPoint (NASDAQ:SAIL – Get Free Report) had its price objective lifted by equities researchers at Barclays from $21.00 to $22.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 25.92% from the company’s current price.
Several other research firms also recently commented on SAIL. Scotiabank reiterated a “sector outperform” rating and issued a $19.00 price objective (up from $16.00) on shares of SailPoint in a report on Tuesday, June 9th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $17.00 target price on shares of SailPoint in a report on Thursday. Morgan Stanley upped their price target on shares of SailPoint from $18.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday, August 20th. BTIG Research reissued a “buy” rating and issued a $21.00 price target on shares of SailPoint in a report on Wednesday. Finally, TD Cowen restated a “buy” rating on shares of SailPoint in a research report on Wednesday. Nineteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, SailPoint has a consensus rating of “Moderate Buy” and an average price target of $20.90.
View Our Latest Report on SailPoint
SailPoint Price Performance
SailPoint (NASDAQ:SAIL – Get Free Report) last released its quarterly earnings data on Wednesday, September 9th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. SailPoint had a positive return on equity of 2.31% and a negative net margin of 14.04%.The firm had revenue of $308.81 million for the quarter. During the same quarter in the prior year, the company earned ($0.02) EPS. SailPoint’s quarterly revenue was up 17.0% on a year-over-year basis. 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 expect that SailPoint will post 0.32 earnings per share for the current year.
Insider Activity
In related news, EVP Chandrasekar Gnanasambandam sold 19,540 shares of the business’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $15.42, for a total transaction of $301,306.80. Following the sale, the executive vice president owned 934,508 shares in the company, valued at $14,410,113.36. The trade was a 2.05% decrease in their position. The sale was disclosed in a legal filing 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, CAO Mitra Rezvan sold 3,881 shares of the company’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $15.42, for a total value of $59,845.02. Following the completion of the transaction, the chief accounting officer directly owned 182,641 shares of the company’s stock, valued at approximately $2,816,324.22. The trade was a 2.08% decrease in their position. 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. In the last quarter, insiders have sold 491,559 shares of company stock valued at $7,809,391. 1.70% of the stock is currently owned by insiders.
Institutional Trading of SailPoint
Hedge funds and other institutional investors have recently made changes to their positions in the company. State of Wyoming acquired a new position in shares of SailPoint in the second quarter valued at approximately $45,000. Palladiem LLC bought a new stake in SailPoint in the 4th quarter valued at about $42,000. Gables Capital Management Inc. bought a new stake in SailPoint during the 2nd quarter worth approximately $29,000. Kestra Advisory Services LLC purchased a new stake in shares of SailPoint during the fourth quarter valued at approximately $42,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of SailPoint during the 2nd quarter worth $50,000.
More SailPoint News
Here are the key news stories impacting SailPoint this week:
- Positive Sentiment: SailPoint reported fiscal Q2 adjusted EPS of $0.09, ahead of the $0.08 consensus estimate. Revenue reached $308.81 million, up 17% year over year, while annual recurring revenue grew 25%. SailPoint Announces Fiscal Second Quarter 2027 Results
- Positive Sentiment: The company outlined long-term targets calling for at least $2.1 billion in annual recurring revenue by fiscal 2029, supported by its focus on agentic artificial intelligence. SailPoint FY2029 Targets
- Positive Sentiment: BTIG reaffirmed its Buy rating and set a $21 price target, implying meaningful upside from the referenced share price. Unusual options activity also showed investors purchasing 2,650 call contracts, more than double average daily volume.
- Neutral Sentiment: SailPoint maintained its fiscal 2027 outlook, including revenue of approximately $1.3 billion and EPS of $0.30-$0.34. However, the range largely brackets consensus expectations rather than representing a clear upward revision.
- Neutral Sentiment: Analyst views remain divided: Rosenblatt reaffirmed a Neutral rating with a $17 price target, while BTIG remained bullish. The conflicting targets may contribute to volatility.
- Negative Sentiment: Although earnings exceeded estimates, reported revenue missed expectations, net losses widened, and fiscal Q2 growth slowed to 17%. Fiscal Q3 EPS guidance of $0.07-$0.08 was also below the $0.08 consensus estimate. SailPoint Q2 Results and Outlook
- Negative Sentiment: A Seeking Alpha analysis downgraded SAIL to Sell, citing decelerating growth, stagnant margins, competitive pressure and stock-based compensation equal to about 22% of revenue. Rosenblatt’s $17 target is also below the referenced market price. SailPoint Valuation Downgrade
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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