Brokerages Set SailPoint, Inc. (NASDAQ:SAIL) Target Price at $21.12

Shares of SailPoint, Inc. (NASDAQ:SAILGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the twenty-five research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $21.1174.

A number of brokerages have recently issued reports on SAIL. Morgan Stanley lifted their price target on SailPoint from $18.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, August 20th. Cantor Fitzgerald lifted their price target on SailPoint from $23.00 to $25.00 and gave the stock an “overweight” rating in a report on Tuesday, September 1st. DA Davidson reiterated a “neutral” rating and issued a $17.00 price objective on shares of SailPoint in a report on Thursday, September 10th. Scotiabank raised their price target on SailPoint from $19.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday, September 10th. Finally, Evercore restated an “outperform” rating on shares of SailPoint in a report on Thursday, September 10th.

View Our Latest Research Report on SAIL

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 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 directly owned 934,508 shares of the company’s stock, valued at $14,410,113.36. The trade was a 2.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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, insider Abby Payne sold 16,999 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 value of $262,124.58. Following the completion of the sale, the insider directly owned 891,965 shares of the company’s stock, valued at approximately $13,754,100.30. This trade represents a 1.87% decrease in their ownership of the stock. 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 sold 491,559 shares of company stock worth $7,809,391 over the last three months. Company insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SAIL. Norges Bank purchased a new position in SailPoint in the 4th quarter valued at $234,681,000. Wasatch Advisors LP purchased a new position in shares of SailPoint in the 2nd quarter valued at about $66,173,000. The Manufacturers Life Insurance Company lifted its position in shares of SailPoint by 178.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 105,497 shares of the company’s stock valued at $1,397,000 after acquiring an additional 67,601 shares during the period. GSA Capital Partners LLP acquired a new position in SailPoint during the second quarter worth $778,000. Finally, Polianta Ltd purchased a new stake in shares of SailPoint in the 2nd quarter worth about $1,948,000.

SailPoint Trading Up 0.5%

Shares of SAIL stock opened at $19.98 on Friday. SailPoint has a 12-month low of $10.30 and a 12-month high of $24.00. The company has a market capitalization of $11.41 billion, a P/E ratio of -58.76, a P/E/G ratio of 2.19 and a beta of 2.17. The business’s 50 day moving average is $17.46 and its two-hundred day moving average is $15.11.

SailPoint (NASDAQ:SAILGet Free Report) last released its quarterly earnings results on Wednesday, September 9th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. SailPoint had a negative net margin of 16.92% and a positive return on equity of 2.44%. The firm had revenue of $308.81 million for the quarter. During the same period in the prior year, the business posted ($0.02) EPS. SailPoint’s revenue was up 17.0% compared to the same quarter last year. SailPoint has set its FY 2027 guidance at 0.300-0.340 EPS and its Q3 2027 guidance at 0.070-0.080 EPS. On average, research analysts predict that SailPoint will post 0.33 earnings per share for the current fiscal year.

About SailPoint

(Get Free Report)

SailPoint Technologies, Inc (NASDAQ: SAIL) is a cybersecurity company focused on identity security. Its software helps organizations manage and protect digital identities, control access to applications and data, and enforce policies governing employee, contractor, customer, and machine access across enterprise environments.

The company’s offerings include SailPoint Identity Security Cloud, a cloud-based platform designed to provide identity governance, access reviews, lifecycle management, and automated provisioning.

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