SailPoint (NASDAQ:SAIL) Price Target Lowered to $20.00 at Mizuho

SailPoint (NASDAQ:SAIL) had its target price lowered by Mizuho from $23.00 to $20.00 in a report issued on Tuesday, MarketBeat reports. The firm currently has a neutral rating on the stock.

A number of other research analysts have also issued reports on SAIL. Weiss Ratings reissued a “sell (d-)” rating on shares of SailPoint in a report on Monday, December 29th. Berenberg Bank initiated coverage on shares of SailPoint in a research report on Tuesday, November 18th. They issued a “buy” rating and a $31.70 price objective on the stock. Robert W. Baird initiated coverage on shares of SailPoint in a research note on Monday, October 27th. They issued an “outperform” rating and a $26.00 price objective on the stock. BMO Capital Markets restated an “outperform” rating on shares of SailPoint in a research note on Thursday, December 11th. Finally, Scotiabank dropped their price target on shares of SailPoint from $25.00 to $24.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, December 10th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, SailPoint presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.37.

SailPoint Stock Performance

NASDAQ SAIL opened at $15.65 on Tuesday. The firm’s fifty day moving average is $18.48 and its two-hundred day moving average is $19.98. SailPoint has a one year low of $13.72 and a one year high of $26.35. The firm has a market cap of $8.79 billion and a PE ratio of -3.27.

SailPoint (NASDAQ:SAIL) last released its quarterly earnings results on Tuesday, December 9th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. The firm had revenue of $281.94 million for the quarter, compared to analyst estimates of $270.35 million. SailPoint had a positive return on equity of 0.16% and a negative net margin of 30.87%.The company’s quarterly revenue was up 19.8% on a year-over-year basis. SailPoint has set its FY 2026 guidance at 0.220-0.230 EPS and its Q4 2026 guidance at 0.080-0.09 EPS.

Insider Buying and Selling

In other SailPoint news, General Counsel Christopher Schmitt sold 4,507 shares of the business’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $19.57, for a total value of $88,201.99. Following the completion of the transaction, the general counsel directly owned 1,043,319 shares in the company, valued at approximately $20,417,752.83. The trade was a 0.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Brian Carolan sold 30,638 shares of the company’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $19.57, for a total value of $599,585.66. Following the completion of the transaction, the chief financial officer owned 1,277,795 shares of the company’s stock, valued at $25,006,448.15. The trade was a 2.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 354,243 shares of company stock valued at $6,924,823.

Hedge Funds Weigh In On SailPoint

Several hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada acquired a new position in shares of SailPoint during the first quarter worth about $1,146,000. Goldman Sachs Group Inc. purchased a new stake in shares of SailPoint during the 1st quarter valued at about $7,546,000. Stephens Investment Management Group LLC lifted its position in SailPoint by 22.3% during the 2nd quarter. Stephens Investment Management Group LLC now owns 1,513,754 shares of the company’s stock worth $34,604,000 after acquiring an additional 275,740 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in SailPoint by 3.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 46,895 shares of the company’s stock worth $1,072,000 after acquiring an additional 1,510 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in SailPoint in the 2nd quarter worth approximately $3,786,000.

About SailPoint

SailPoint Technologies Holdings, Inc (NASDAQ: SAIL) is a leading provider of enterprise identity governance solutions that enable organizations to manage and secure user access across on-premises, cloud and hybrid IT environments. Its software automates identity lifecycle management, access certifications, policy enforcement and privileged account governance, helping enterprises reduce security risks, maintain regulatory compliance and streamline IT operations. The company’s flagship offerings include IdentityIQ, a comprehensive on-premises platform, and IdentityNow, a cloud-native identity governance-as-a-service solution.

Founded in 2005 by industry veterans Mark McClain and Kevin Cunningham, SailPoint is headquartered in Austin, Texas.