SailPoint, Inc. (NASDAQ:SAIL) Stock Has Consensus Target Price of $22.20 According to Brokerages

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

Several equities analysts have recently commented on the stock. Roth Capital restated a “buy” rating and issued a $21.00 price objective (up from $19.00) on shares of SailPoint in a report on Thursday, September 10th. TD Cowen restated a “buy” rating on shares of SailPoint in a report on Wednesday, September 9th. Bank of America lifted their price objective on shares of SailPoint from $19.00 to $22.00 and gave the company a “neutral” rating in a report on Friday, September 18th. Cantor Fitzgerald upped their target price on shares of SailPoint from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, October 9th. Finally, Jefferies Financial Group restated a “buy” rating on shares of SailPoint in a research note on Wednesday, October 7th.

Check Out Our Latest Research Report on SAIL

SailPoint Stock Performance

Shares of NASDAQ SAIL opened at $19.21 on Monday. The company has a 50-day moving average of $19.94 and a 200 day moving average of $16.15. The stock has a market cap of $10.97 billion, a PE ratio of -56.50, a P/E/G ratio of 2.03 and a beta of 2.08. SailPoint has a 12-month low of $10.30 and a 12-month high of $22.62.

SailPoint (NASDAQ:SAIL – Get Free Report) last posted its earnings results on Wednesday, September 9th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. The company had revenue of $308.81 million for the quarter. SailPoint had a negative net margin of 16.92% and a positive return on equity of 2.44%. The business’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the firm 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, sell-side analysts forecast that SailPoint will post 0.33 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director James Hagan sold 4,205 shares of SailPoint stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $22.50, for a total transaction of $94,612.50. Following the completion of the sale, 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 transaction was disclosed in a document filed 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. Also, General Counsel Christopher Schmitt sold 23,367 shares of the firm’s stock in a transaction on Wednesday, October 7th. The shares were sold at an average price of $19.71, for a total value of $460,563.57. Following the completion of the sale, the general counsel owned 1,268,311 shares in the company, 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. In the last three months, insiders sold 515,009 shares of company stock worth $10,310,350. 1.70% of the stock is currently owned by insiders.

Institutional Trading of SailPoint

Several institutional investors have recently modified their holdings of the stock. Gables Capital Management Inc. purchased a new position in SailPoint during the 2nd quarter worth approximately $29,000. Allworth Financial LP lifted its position in SailPoint by 91.2% during the 3rd quarter. Allworth Financial LP now owns 2,635 shares of the company’s stock worth $54,000 after acquiring an additional 1,257 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of SailPoint during the second quarter worth approximately $50,000. Covestor Ltd grew its position in SailPoint by 134.1% in the 3rd quarter. Covestor Ltd now owns 3,813 shares of the company’s stock valued at $78,000 after buying an additional 2,184 shares during the last quarter. Finally, State of Wyoming purchased a new position in SailPoint during the 2nd quarter worth $56,000.

SailPoint Company Profile

(Get Free Report)

SailPoint Technologies provides identity security software that helps organizations manage and protect access to applications, data and other digital resources. Its platform supports identity governance, access reviews, automated provisioning and policy enforcement for employees, contractors and other users, as well as non-human identities such as software bots.

The company offers cloud-based and customer-managed products, including SailPoint Identity Security Cloud and IdentityIQ. These tools help organizations apply access controls, streamline identity-related processes and meet security and compliance requirements.

Founded in 2005 and headquartered in Austin, Texas, SailPoint serves organizations around the world.

See Also

Analyst Recommendations for SailPoint (NASDAQ:SAIL)

Receive News & Ratings for SailPoint Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SailPoint and related companies with MarketBeat.com's FREE daily email newsletter.