SailPoint (NASDAQ:SAIL) Price Target Cut to $25.00 by Analysts at TD Cowen

SailPoint (NASDAQ:SAIL) had its price target decreased by TD Cowen from $30.00 to $25.00 in a research report released on Tuesday,Benzinga reports. TD Cowen currently has a buy rating on the stock.

SAIL has been the subject of several other reports. Mizuho reduced their target price on SailPoint from $23.00 to $20.00 and set a “neutral” rating for the company in a research note on Tuesday, February 17th. Berenberg Bank initiated coverage on shares of SailPoint in a research note on Tuesday, November 18th. They issued a “buy” rating and a $31.70 target price on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a $23.00 price target on shares of SailPoint in a research note on Wednesday, February 11th. The Goldman Sachs Group reduced their target price on SailPoint from $25.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, January 28th. Finally, Robert W. Baird assumed coverage on SailPoint in a research report on Monday, October 27th. They set an “outperform” rating and a $26.00 price target on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $24.83.

SailPoint Stock Performance

SailPoint stock opened at $13.12 on Tuesday. The firm has a market capitalization of $7.37 billion and a PE ratio of -2.74. SailPoint has a one year low of $12.81 and a one year high of $24.95. The stock’s 50 day moving average price is $17.81 and its 200 day moving average price is $19.79.

SailPoint (NASDAQ:SAIL) last announced its earnings results on Tuesday, December 9th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.02. SailPoint had a negative net margin of 30.87% and a positive return on equity of 0.16%. The business had revenue of $281.94 million during the quarter, compared to the consensus estimate of $270.35 million. SailPoint’s revenue for the quarter 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.

Insiders Place Their Bets

In other news, CFO Brian Carolan sold 30,638 shares of the firm’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $19.57, for a total transaction of $599,585.66. Following the transaction, the chief financial officer directly owned 1,277,795 shares of the company’s stock, valued at approximately $25,006,448.15. This trade represents a 2.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark D. Mcclain sold 61,106 shares of SailPoint stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $19.23, for a total transaction of $1,175,068.38. Following the sale, the chief executive officer owned 7,139,202 shares in the company, valued at approximately $137,286,854.46. This represents a 0.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 354,243 shares of company stock worth $6,924,823.

Institutional Investors Weigh In On SailPoint

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SAIL. Aster Capital Management DIFC Ltd bought a new stake in shares of SailPoint in the 3rd quarter worth $31,000. Loomis Sayles & Co. L P bought a new stake in shares of SailPoint in the 2nd quarter worth approximately $42,000. Palladiem LLC acquired a new stake in SailPoint during the fourth quarter valued at approximately $42,000. Kestra Advisory Services LLC acquired a new position in SailPoint in the fourth quarter worth approximately $42,000. Finally, State of Wyoming acquired a new stake in shares of SailPoint during the 2nd quarter valued at $45,000.

SailPoint Company Profile

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.