SailPoint’s (SAIL) Buy Rating Reaffirmed at BTIG Research

BTIG Research reiterated their buy rating on shares of SailPoint (NASDAQ:SAIL) in a research report released on Tuesday morning,Benzinga reports. BTIG Research currently has a $29.00 price objective on the stock.

A number of other research analysts have also recently commented on SAIL. Scotiabank initiated coverage on SailPoint in a research note on Wednesday, September 3rd. They set a “sector outperform” rating and a $25.00 target price on the stock. Morgan Stanley raised SailPoint from an “equal weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a research note on Tuesday, September 2nd. Cantor Fitzgerald initiated coverage on SailPoint in a research note on Monday, June 30th. They set an “overweight” rating and a $29.00 target price on the stock. Barclays upped their target price on SailPoint from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Thursday, June 12th. Finally, JPMorgan Chase & Co. raised SailPoint from a “neutral” rating to an “overweight” rating and set a $26.00 target price on the stock in a research note on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $25.58.

SailPoint Stock Down 1.0%

NASDAQ:SAIL opened at $22.08 on Tuesday. SailPoint has a 1 year low of $15.05 and a 1 year high of $26.35. The business has a 50 day simple moving average of $20.88 and a 200-day simple moving average of $19.91.

SailPoint (NASDAQ:SAIL) last posted its quarterly earnings data on Tuesday, September 9th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.03. The company had revenue of $264.36 million during the quarter, compared to the consensus estimate of $243.41 million. The firm’s revenue for the quarter was up 32.9% on a year-over-year basis. SailPoint has set its FY 2026 guidance at 0.200-0.220 EPS. Q3 2026 guidance at 0.050-0.06 EPS.

Institutional Trading of SailPoint

Large investors have recently modified their holdings of the company. Voya Investment Management LLC purchased a new stake in shares of SailPoint in the first quarter valued at approximately $53,616,000. Goldman Sachs Group Inc. purchased a new stake in SailPoint during the first quarter worth $7,546,000. Siren L.L.C. purchased a new stake in SailPoint during the first quarter worth $1,781,000. Raymond James Financial Inc. purchased a new stake in SailPoint during the first quarter worth $3,441,000. Finally, Renaissance Capital LLC lifted its holdings in SailPoint by 30.0% during the second quarter. Renaissance Capital LLC now owns 65,569 shares of the company’s stock worth $1,499,000 after buying an additional 15,114 shares during the period.

About SailPoint

SailPoint, Inc delivers solutions to enable comprehensive identity security for the enterprise. Its solutions enable organizations to establish, control, and automate policies that help them define and maintain a robust security posture and achieve regulatory compliance. The company was founded by Mark David McClain in 2005 and is headquartered in Austin, TX.