SailPoint (NASDAQ:SAIL – Free Report) had its price target lifted by Cantor Fitzgerald from $25.00 to $27.00 in a research report released on Friday, MarketBeat Ratings reports. The firm currently has an overweight rating on the stock.
Other analysts have also issued research reports about the company. Evercore reaffirmed an “outperform” rating on shares of SailPoint in a report on Thursday, September 10th. Oppenheimer initiated coverage on SailPoint in a report on Wednesday, October 7th. They issued an “outperform” rating and a $30.00 target price on the stock. Bank of America raised their target price on SailPoint from $19.00 to $22.00 and gave the stock a “neutral” rating in a research report on Friday, September 18th. Royal Bank Of Canada raised their target price on SailPoint from $19.00 to $22.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Finally, DA Davidson restated a “neutral” rating and set a $17.00 price target on shares of SailPoint in a research note on Thursday, September 10th. Twenty research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $22.20.
View Our Latest Report on SailPoint
SailPoint Stock Performance
SailPoint (NASDAQ:SAIL – Get Free Report) last announced its earnings results on Wednesday, September 9th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $308.81 million during the quarter. SailPoint had a negative net margin of 16.92% and a positive return on equity of 2.44%. SailPoint’s quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.02) earnings per share. SailPoint has set its FY 2027 guidance at 0.300-0.340 EPS and its Q3 2027 guidance at 0.070-0.080 EPS. Research analysts forecast that SailPoint will post 0.33 earnings per share for the current year.
Insider Activity
In related news, EVP Chandrasekar Gnanasambandam sold 22,609 shares of SailPoint stock in a transaction on Wednesday, October 7th. The shares were sold at an average price of $19.71, for a total transaction of $445,623.39. Following the transaction, the executive vice president owned 898,821 shares in the company, valued at approximately $17,715,761.91. The trade was a 2.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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, CEO Mark McClain sold 115,356 shares of the stock in a transaction dated Wednesday, October 7th. The stock was sold at an average price of $19.71, for a total value of $2,273,666.76. Following the sale, the chief executive officer owned 7,874,621 shares of the company’s stock, valued at $155,208,779.91. This represents a 1.44% 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. Over the last ninety days, insiders sold 510,804 shares of company stock worth $10,215,738. 1.70% of the stock is currently owned by insiders.
Institutional Investors Weigh In On SailPoint
Institutional investors have recently added to or reduced their stakes in the stock. WINTON GROUP Ltd lifted its stake in SailPoint by 171.8% in the 2nd quarter. WINTON GROUP Ltd now owns 64,954 shares of the company’s stock worth $951,000 after purchasing an additional 41,054 shares in the last quarter. Engineers Gate Manager LP bought a new position in shares of SailPoint during the 2nd quarter valued at about $464,000. Integrated Wealth Concepts LLC bought a new position in shares of SailPoint during the 2nd quarter valued at about $125,000. Corient Private Wealth LP purchased a new position in shares of SailPoint during the second quarter valued at about $412,000. Finally, Outfitters Financial LLC grew its position in shares of SailPoint by 4.8% during the second quarter. Outfitters Financial LLC now owns 41,175 shares of the company’s stock valued at $603,000 after purchasing an additional 1,900 shares in the last quarter.
SailPoint News Roundup
Here are the key news stories impacting SailPoint this week:
- Positive Sentiment: Cantor Fitzgerald raised its price target to $27 from $25 and maintained an “overweight” rating. The firm cited potential expansion of SailPoint’s addressable market, providing a positive catalyst for the stock. Cantor Fitzgerald price-target report
- Positive Sentiment: Recent analyst actions remain favorable. Robert W. Baird raised its target to $25 and assigned an “outperform” rating, while Oppenheimer initiated coverage with an “outperform” rating and a $30 target, pointing to SailPoint’s potential role in securing AI-agent identities. Oppenheimer coverage report
- Positive Sentiment: Post-earnings momentum has continued. SailPoint has risen 13.5% since its latest earnings report, which included earnings of $0.09 per share versus an $0.08 consensus estimate and 17% year-over-year revenue growth to $308.81 million. Zacks post-earnings analysis
- Positive Sentiment: SailPoint updated its identity-security platform, potentially strengthening its competitive position as demand grows for governance and protection of digital identities, including those used by AI systems. Platform update
- Neutral Sentiment: Amerx initiated coverage with a “hold” rating, providing a more cautious counterpoint to the recent bullish recommendations. Amerx coverage report
- Negative Sentiment: Several senior executives, including the CEO, CFO, president and other officers, sold shares. The transactions were made under pre-arranged Rule 10b5-1 plans to cover tax obligations on vested equity awards, and executives retained substantial holdings, reducing—but not eliminating—the bearish signal.
About SailPoint
SailPoint, Inc (NASDAQ:SAIL) is an identity security company that helps organizations manage and protect digital identities and access to applications, data, and other technology resources. Its software is designed to help enterprises determine who should have access to specific resources, enforce access policies, and identify and address inappropriate or excessive access.
The company’s offerings include its cloud-based identity security platform, which supports identity governance, access management, lifecycle automation, compliance, and analytics.
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