SailPoint, Inc. (NASDAQ:SAIL) Given Average Rating of “Moderate Buy” by Analysts

SailPoint, Inc. (NASDAQ:SAIL) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-four ratings firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $24.8348.

A number of research analysts recently commented on the stock. Mizuho dropped their target price on shares of SailPoint from $23.00 to $20.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 17th. Barclays cut their target price on SailPoint from $25.00 to $23.00 and set an “overweight” rating for the company in a research note on Thursday, December 4th. FBN Securities began coverage on SailPoint in a research note on Tuesday. They set an “outperform” rating and a $18.00 price target on the stock. Scotiabank dropped their price objective on shares of SailPoint from $25.00 to $24.00 and set a “sector outperform” rating for the company in a research note on Wednesday, December 10th. Finally, The Goldman Sachs Group reduced their target price on shares of SailPoint from $25.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, January 28th.

SailPoint Stock Performance

Shares of SAIL opened at $13.12 on Wednesday. The stock has a 50-day simple moving average of $17.81 and a 200-day simple moving average of $19.79. The stock has a market capitalization of $7.37 billion and a PE ratio of -2.74. SailPoint has a 1 year low of $12.81 and a 1 year high of $24.95.

SailPoint (NASDAQ:SAIL) last released its earnings results on Tuesday, December 9th. The company reported $0.08 earnings per share 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 negative net margin of 30.87% and a positive return on equity of 0.16%. The firm’s revenue was up 19.8% compared to the same quarter last year. 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 Activity at SailPoint

In other SailPoint news, CEO Mark D. Mcclain sold 61,106 shares of SailPoint stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $19.23, for a total value of $1,175,068.38. Following the transaction, the chief executive officer owned 7,139,202 shares in the company, valued at $137,286,854.46. This trade represents a 0.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian Carolan sold 30,638 shares of SailPoint 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 in the company, valued at $25,006,448.15. The trade was a 2.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 354,243 shares of company stock worth $6,924,823.

Institutional Investors Weigh In On SailPoint

A number of hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of SailPoint during the fourth quarter worth about $234,681,000. Vanguard Group Inc. lifted its position in SailPoint by 4.3% in the 3rd quarter. Vanguard Group Inc. now owns 5,317,789 shares of the company’s stock valued at $117,417,000 after purchasing an additional 219,375 shares during the last quarter. Voya Investment Management LLC boosted its stake in SailPoint by 10.1% during the 3rd quarter. Voya Investment Management LLC now owns 4,309,070 shares of the company’s stock valued at $95,144,000 after purchasing an additional 395,287 shares during the period. UBS Group AG boosted its position in SailPoint by 116.3% during the 3rd quarter. UBS Group AG now owns 4,128,038 shares of the company’s stock worth $91,147,000 after acquiring an additional 2,219,593 shares during the period. Finally, GW&K Investment Management LLC grew its stake in shares of SailPoint by 34.3% in the third quarter. GW&K Investment Management LLC now owns 3,395,602 shares of the company’s stock worth $74,975,000 after purchasing an additional 866,889 shares in the last quarter.

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.