SailPoint (NASDAQ:SAIL) Upgraded at Wolfe Research

Wolfe Research upgraded shares of SailPoint (NASDAQ:SAIL) to a strong-buy rating in a research note released on Monday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the company. Arete Research upgraded SailPoint to a “strong sell” rating and set a $16.00 target price for the company in a report on Monday, July 7th. Stephens raised SailPoint to a “strong-buy” rating in a research report on Tuesday, August 12th. Cantor Fitzgerald started coverage on shares of SailPoint in a research report on Monday, June 30th. They issued an “overweight” rating and a $29.00 price objective for the company. BMO Capital Markets cut their target price on SailPoint from $27.00 to $25.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 9th. Finally, Arete assumed coverage on shares of SailPoint in a research report on Monday, July 7th. They set a “sell” rating and a $16.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, SailPoint currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.64.

SailPoint Price Performance

SAIL stock opened at $22.00 on Monday. The firm has a fifty day moving average price of $21.59 and a 200 day moving average price of $20.23. SailPoint has a fifty-two week low of $15.05 and a fifty-two week high of $26.35.

SailPoint (NASDAQ:SAIL) last issued its quarterly earnings data on Tuesday, September 9th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. The business had revenue of $264.36 million during the quarter, compared to analysts’ expectations of $243.41 million. SailPoint’s quarterly revenue 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.

Insider Transactions at SailPoint

In other news, President Matt Mills sold 61,279 shares of the firm’s stock in a transaction dated Thursday, October 9th. The shares were sold at an average price of $22.42, for a total value of $1,373,875.18. Following the transaction, the president directly owned 1,904,258 shares in the company, valued at approximately $42,693,464.36. This trade represents a 3.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Christopher Schmitt sold 34,186 shares of SailPoint stock in a transaction that occurred on Thursday, October 9th. The shares were sold at an average price of $22.42, for a total value of $766,450.12. Following the completion of the transaction, the general counsel owned 1,069,864 shares of the company’s stock, valued at approximately $23,986,350.88. The trade was a 3.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,026,454 shares of company stock worth $23,056,195 in the last quarter. Insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On SailPoint

Several large investors have recently added to or reduced their stakes in SAIL. Assetmark Inc. bought a new position in shares of SailPoint during the first quarter worth about $32,000. Loomis Sayles & Co. L P bought a new position in SailPoint in the 2nd quarter worth about $42,000. State of Wyoming acquired a new stake in shares of SailPoint in the second quarter valued at approximately $45,000. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of SailPoint during the first quarter valued at approximately $49,000. Finally, Quarry LP acquired a new position in shares of SailPoint during the first quarter worth approximately $70,000.

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.