SailPoint, Inc. (NASDAQ:SAIL) Stock Has Consensus Price Target of $21.99 According to Brokerages

SailPoint, Inc. (NASDAQ:SAIL – Get Free Report) has earned an average rating of “Moderate Buy” from the twenty-seven analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and twenty have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $22.20.

Several research analysts recently commented on SAIL shares. DA Davidson reiterated a “neutral” rating and issued a $17.00 price target on shares of SailPoint in a research report on Thursday, September 10th. BTIG Research reaffirmed a “buy” rating and issued a $21.00 price objective on shares of SailPoint in a research note on Wednesday, September 9th. Barclays lifted their target price on SailPoint from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, September 10th. Mizuho set a $19.00 target price on SailPoint in a research report on Wednesday, September 9th. Finally, Evercore reissued an “outperform” rating on shares of SailPoint in a research report on Thursday, September 10th.

Read Our Latest Stock Report on SailPoint

Insider Activity at SailPoint

In other news, CFO Brian Carolan sold 52,822 shares of the firm’s stock in a transaction dated Wednesday, October 7th. The shares were sold at an average price of $19.71, for a total value of $1,041,121.62. Following the completion of the sale, the chief financial officer owned 1,626,381 shares in the company, valued at approximately $32,055,969.51. This trade represents a 3.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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, General Counsel Christopher Schmitt sold 23,367 shares of SailPoint stock in a transaction dated Wednesday, October 7th. The stock was sold at an average price of $19.71, for a total transaction of $460,563.57. Following the transaction, the general counsel directly owned 1,268,311 shares of the company’s stock, valued at approximately $24,998,409.81. This represents a 1.81% 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 510,804 shares of company stock valued at $10,215,738 over the last three months. Corporate insiders own 1.70% of the company’s stock.

Institutional Trading of SailPoint

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. WINTON GROUP Ltd lifted its stake in SailPoint by 171.8% in the second quarter. WINTON GROUP Ltd now owns 64,954 shares of the company’s stock worth $951,000 after purchasing an additional 41,054 shares during the last quarter. Engineers Gate Manager LP purchased a new position in shares of SailPoint during the second quarter valued at approximately $464,000. Integrated Wealth Concepts LLC bought a new position in shares of SailPoint during the second quarter valued at approximately $125,000. Corient Private Wealth LP bought a new position in shares of SailPoint during the second quarter valued at approximately $412,000. Finally, Outfitters Financial LLC grew its position in SailPoint by 4.8% in the 2nd quarter. Outfitters Financial LLC now owns 41,175 shares of the company’s stock valued at $603,000 after acquiring an additional 1,900 shares during the last quarter.

SailPoint Stock Up 3.7%

SailPoint stock opened at $20.77 on Thursday. SailPoint has a 52-week low of $10.30 and a 52-week high of $23.89. The firm’s fifty day moving average is $19.38 and its 200 day moving average is $15.87. The company has a market cap of $11.86 billion, a price-to-earnings ratio of -61.09, a PEG ratio of 2.20 and a beta of 2.15.

SailPoint (NASDAQ:SAIL – Get Free Report) last issued its quarterly earnings data on Wednesday, September 9th. The company reported $0.09 EPS for the quarter, topping 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%. The business’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period in the previous year, the business earned ($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. On average, equities research analysts anticipate that SailPoint will post 0.33 earnings per share for the current fiscal year.

SailPoint News Summary

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

(Get Free Report)

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.

Further Reading

Analyst Recommendations for SailPoint (NASDAQ:SAIL)

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