SailPoint (NASDAQ:SAIL – Free Report) had its price target boosted by Cantor Fitzgerald from $23.00 to $25.00 in a research report released on Tuesday morning, MarketBeat.com reports. The brokerage currently has an overweight rating on the stock.
Several other equities research analysts also recently commented on the company. Truist Financial raised their target price on SailPoint from $18.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Royal Bank Of Canada upped their price target on SailPoint from $19.00 to $22.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Scotiabank reiterated a “sector outperform” rating and set a $19.00 price objective (up from $16.00) on shares of SailPoint in a research note on Tuesday, June 9th. Jefferies Financial Group lowered shares of SailPoint from a “buy” rating to a “buy” rating in a research note on Wednesday, June 17th. Finally, Weiss Ratings upgraded shares of SailPoint from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, SailPoint presently has a consensus rating of “Moderate Buy” and an average target price of $20.44.
Read Our Latest Stock Analysis on SAIL
SailPoint Trading Up 5.9%
SailPoint (NASDAQ:SAIL – Get Free Report) last announced its quarterly earnings results on Tuesday, June 9th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. The firm had revenue of $280.14 million during the quarter. SailPoint had a positive return on equity of 2.31% and a negative net margin of 14.04%.The firm’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter in the prior year, the company 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. On average, analysts predict that SailPoint will post 0.32 earnings per share for the current year.
Insider Transactions at SailPoint
In other news, EVP Chandrasekar Gnanasambandam sold 19,540 shares of the business’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $15.42, for a total value of $301,306.80. Following the completion of the sale, the executive vice president owned 934,508 shares of the company’s stock, valued at approximately $14,410,113.36. The trade was a 2.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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, CAO Mitra Rezvan sold 3,881 shares of the company’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $15.42, for a total transaction of $59,845.02. Following the completion of the sale, the chief accounting officer owned 182,641 shares in the company, valued at approximately $2,816,324.22. This trade represents a 2.08% decrease in their position. 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 a total of 491,559 shares of company stock valued at $7,809,391 over the last ninety days. 1.70% of the stock is currently owned by corporate insiders.
Institutional Trading of SailPoint
Hedge funds and other institutional investors have recently bought and sold shares of the company. Gables Capital Management Inc. acquired a new stake in SailPoint during the second quarter valued at approximately $29,000. Palladiem LLC bought a new stake in shares of SailPoint in the 4th quarter valued at approximately $42,000. Kestra Advisory Services LLC bought a new stake in shares of SailPoint in the 4th quarter valued at approximately $42,000. State of Wyoming acquired a new stake in shares of SailPoint during the 2nd quarter valued at approximately $45,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of SailPoint during the 2nd quarter valued at approximately $50,000.
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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