SailPoint (NASDAQ:SAIL) Price Target Cut to $23.00 by Analysts at Barclays

SailPoint (NASDAQ:SAIL) had its price objective cut by Barclays from $25.00 to $23.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

Other equities analysts also recently issued reports about the stock. Wolfe Research started coverage on shares of SailPoint in a research note on Monday, October 20th. They issued an “outperform” rating and a $27.00 target price for the company. Robert W. Baird started coverage on SailPoint in a report on Monday, October 27th. They set an “outperform” rating and a $26.00 price objective on the stock. Mizuho decreased their price objective on SailPoint from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Monday, November 17th. JPMorgan Chase & Co. raised SailPoint from a “neutral” rating to an “overweight” rating and set a $26.00 price target on the stock in a research note on Wednesday, August 13th. Finally, Scotiabank began coverage on SailPoint in a research report on Wednesday, September 3rd. They issued a “sector outperform” rating and a $25.00 price objective for the company. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $25.79.

SailPoint Stock Performance

Shares of SAIL opened at $19.85 on Thursday. The company has a market cap of $11.05 billion and a price-to-earnings ratio of -4.71. The stock has a fifty day moving average price of $20.88 and a two-hundred day moving average price of $20.75. SailPoint has a 52-week low of $15.05 and a 52-week high of $26.35.

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

Insiders Place Their Bets

In other news, CFO Brian Carolan sold 84,699 shares of SailPoint stock in a transaction dated Thursday, October 9th. The shares were sold at an average price of $22.42, for a total value of $1,898,951.58. Following the completion of the transaction, the chief financial officer owned 1,336,628 shares of the company’s stock, valued at $29,967,199.76. This trade represents a 5.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Abby Payne sold 31,481 shares of the company’s stock in a transaction dated Thursday, October 9th. The shares were sold at an average price of $22.42, for a total transaction of $705,804.02. Following the completion of the sale, the insider directly owned 702,683 shares in the company, valued at approximately $15,754,152.86. The trade was a 4.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,026,454 shares of company stock worth $23,056,195 in the last 90 days. Company insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On SailPoint

A number of large investors have recently made changes to their positions in the company. Natixis Advisors LLC acquired a new position in SailPoint in the 1st quarter valued at $835,000. US Bancorp DE acquired a new position in shares of SailPoint in the first quarter valued at about $213,000. PNC Financial Services Group Inc. bought a new position in SailPoint during the first quarter worth about $150,000. Vanguard Group Inc. bought a new position in SailPoint during the first quarter worth about $94,194,000. Finally, Charles Schwab Investment Management Inc. acquired a new stake in SailPoint in the 1st quarter worth about $7,011,000.

SailPoint Company Profile

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.