SailPoint (NASDAQ:SAIL) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of SailPoint (NASDAQ:SAIL) to a strong-buy rating in a research report sent to investors on Monday morning,Zacks.com reports.

SAIL has been the topic of a number of other research reports. BMO Capital Markets reaffirmed an “outperform” rating on shares of SailPoint in a report on Thursday, December 11th. Mizuho decreased 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. Berenberg Bank initiated coverage on shares of SailPoint in a report on Tuesday, November 18th. They issued a “buy” rating and a $31.70 price target for the company. The Goldman Sachs Group reduced their price objective on shares of SailPoint from $25.00 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, January 28th. Finally, FBN Securities initiated coverage on shares of SailPoint in a research report on Tuesday, February 24th. They set an “outperform” rating and a $18.00 target price on the stock. Four research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, SailPoint presently has an average rating of “Moderate Buy” and an average price target of $24.27.

SailPoint Stock Down 2.0%

NASDAQ SAIL opened at $13.92 on Monday. The stock has a market capitalization of $7.82 billion and a P/E ratio of -2.91. SailPoint has a 52-week low of $12.81 and a 52-week high of $24.95. The firm has a 50-day moving average price of $16.98 and a 200 day moving average price of $19.55.

SailPoint (NASDAQ:SAIL) last announced its quarterly earnings data on Tuesday, December 9th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. The company 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 business’s quarterly 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.

Insiders Place Their Bets

In other news, CEO Mark D. Mcclain sold 52,799 shares of the firm’s stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $19.57, for a total transaction of $1,033,276.43. Following the completion of the transaction, the chief executive officer directly owned 7,034,417 shares of the company’s stock, valued at $137,663,540.69. This trade represents a 0.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Mitra Rezvan sold 3,782 shares of SailPoint stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $19.57, for a total value of $74,013.74. Following the transaction, the chief accounting officer owned 119,109 shares of the company’s stock, valued at $2,330,963.13. This represents a 3.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 354,243 shares of company stock valued at $6,924,823. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of SailPoint

A number of large investors have recently made changes to their positions in SAIL. Aster Capital Management DIFC Ltd purchased a new stake in SailPoint during the 3rd quarter worth about $31,000. Loomis Sayles & Co. L P acquired a new stake in shares of SailPoint during the 2nd quarter worth about $42,000. State of Wyoming purchased a new stake in shares of SailPoint during the second quarter worth about $45,000. Palladiem LLC acquired a new position in shares of SailPoint in the fourth quarter valued at approximately $42,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of SailPoint during the fourth quarter valued at approximately $42,000.

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.