Mizuho Issues Pessimistic Forecast for SailPoint (NASDAQ:SAIL) Stock Price

SailPoint (NASDAQ:SAIL) had its price target dropped by equities researchers at Mizuho from $25.00 to $24.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Mizuho’s price target indicates a potential upside of 28.14% from the stock’s current price.

A number of other analysts have also weighed in on SAIL. Scotiabank began coverage on shares of SailPoint in a research note on Wednesday, September 3rd. They issued a “sector outperform” rating and a $25.00 price target for the company. Stephens upgraded SailPoint to a “strong-buy” rating in a research report on Tuesday, August 12th. Baird R W upgraded SailPoint to a “strong-buy” rating in a research report on Monday, October 27th. Morgan Stanley upgraded SailPoint from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a report on Tuesday, September 2nd. Finally, BTIG Research reaffirmed a “buy” rating and set a $29.00 target price on shares of SailPoint in a research note on Tuesday, September 30th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $25.88.

SailPoint Price Performance

Shares of SailPoint stock opened at $18.73 on Monday. SailPoint has a 1-year low of $15.05 and a 1-year high of $26.35. The business’s fifty day moving average price is $21.63 and its two-hundred day moving average price is $20.80. The company has a market capitalization of $10.43 billion and a P/E ratio of -4.45.

SailPoint (NASDAQ:SAIL) last issued its quarterly earnings results on Tuesday, September 9th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. The business had revenue of $264.36 million for the quarter, compared to analyst estimates of $243.41 million. SailPoint’s revenue for the quarter was up 32.9% compared to the same quarter last year. SailPoint has set its FY 2026 guidance at 0.200-0.220 EPS. Q3 2026 guidance at 0.050-0.06 EPS.

Insider Activity at SailPoint

In other news, President Matt Mills sold 61,279 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 $1,373,875.18. Following the transaction, the president directly owned 1,904,258 shares of the company’s stock, valued at $42,693,464.36. This trade represents a 3.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ronald J. Green sold 8,450 shares of the company’s stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $21.84, for a total transaction of $184,548.00. Following the completion of the sale, the director owned 35,211 shares of the company’s stock, valued at approximately $769,008.24. This trade represents a 19.35% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,026,454 shares of company stock valued at $23,056,195.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SAIL. Aster Capital Management DIFC Ltd purchased a new stake in SailPoint in the 3rd quarter worth about $31,000. Assetmark Inc. purchased a new stake in shares of SailPoint in the first quarter worth approximately $32,000. Loomis Sayles & Co. L P purchased a new position in SailPoint during the second quarter valued at approximately $42,000. State of Wyoming acquired a new position in SailPoint in the 2nd quarter valued at approximately $45,000. Finally, Kayne Anderson Rudnick Investment Management LLC acquired a new position in SailPoint in the 1st quarter valued at approximately $49,000.

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.