SailPoint, Inc. (NASDAQ:SAIL – Get Free Report) Director James Hagan sold 4,205 shares of the company’s stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of $22.50, for a total value of $94,612.50. Following the completion of the transaction, the director directly owned 94,125 shares of the company’s stock, valued at approximately $2,117,812.50. The trade was a 4.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
SailPoint Price Performance
SAIL opened at $22.00 on Friday. SailPoint, Inc. has a fifty-two week low of $10.30 and a fifty-two week high of $22.62. The firm has a market capitalization of $12.56 billion, a price-to-earnings ratio of 74.27, a PEG ratio of 2.36 and a beta of 2.15. The company’s 50 day moving average price is $19.85 and its two-hundred day moving average price is $16.13.
SailPoint (NASDAQ:SAIL – Get Free Report) last released 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. SailPoint had a negative net margin of 16.92% and a positive return on equity of 2.44%. The business had revenue of $308.81 million during the quarter. During the same period in the prior year, the company posted ($0.02) EPS. The business’s revenue for the quarter 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. As a group, equities research analysts predict that SailPoint, Inc. will post 0.33 EPS for the current year.
Institutional Trading of SailPoint
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Gables Capital Management Inc. bought a new position in SailPoint in the second quarter worth approximately $29,000. Northwestern Mutual Wealth Management Co. acquired a new stake in SailPoint in the second quarter valued at approximately $50,000. State of Wyoming bought a new stake in shares of SailPoint during the second quarter valued at approximately $56,000. Legal & General Group Plc bought a new stake in shares of SailPoint during the second quarter valued at approximately $94,000. Finally, FNY Investment Advisers LLC raised its position in shares of SailPoint by 12.0% during the second quarter. FNY Investment Advisers LLC now owns 8,400 shares of the company’s stock worth $122,000 after purchasing an additional 900 shares during the period.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on SAIL. Stephens restated an “overweight” rating on shares of SailPoint in a research report on Monday, October 12th. Mizuho set a $19.00 target price on SailPoint in a report on Wednesday, September 9th. Rosenblatt Securities reissued a “neutral” rating and issued a $17.00 price target on shares of SailPoint in a research note on Thursday, September 10th. HC Wainwright reissued a “buy” rating on shares of SailPoint in a research note on Monday, October 12th. Finally, Truist Financial increased their price target on SailPoint from $23.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, September 24th. Twenty-one analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.20.
Read Our Latest Research Report on SailPoint
SailPoint Company Profile
SailPoint Technologies, Inc (NASDAQ:SAIL) provides identity security software that helps organizations manage and protect digital identities and access to applications, data, and other technology resources. Its platform is designed to support identity governance, access management, compliance, and security operations across complex information-technology environments.
The company’s offerings include SailPoint Identity Security Cloud, a cloud-based platform for managing workforce and machine identities, as well as identity governance and administration capabilities delivered through its broader SailPoint platform.
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