SailPoint (NASDAQ:SAIL) Stock Price Expected to Rise, Cantor Fitzgerald Analyst Says

Key Points

• Cantor Fitzgerald raised SailPoint’s price target from $23 to $25 and maintained an “overweight” rating, implying 21.6% potential upside. Analysts overall rate the stock “Moderate Buy,” with an average target of $20.44.
• SailPoint’s latest quarterly results exceeded expectations, with EPS of $0.05 versus the $0.04 consensus and revenue of $280.14 million, up 21.5% year over year.
• The stock opened at $20.56 and has climbed from a 12-month low of $10.30 toward its $24.00 high. Meanwhile, company insiders sold shares under pre-arranged plans primarily to cover tax obligations tied to equity awards.

SailPoint (NASDAQ:SAIL - Get Free Report) had its price target hoisted by investment analysts at Cantor Fitzgerald from $23.00 to $25.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Cantor Fitzgerald's target price points to a potential upside of 21.60% from the company's current price.

Other equities research analysts also recently issued research reports about the company. The Goldman Sachs Group reiterated a "neutral" rating and issued a $19.00 price objective on shares of SailPoint in a research report on Wednesday, June 10th. Royal Bank Of Canada lifted their price target on SailPoint from $19.00 to $22.00 and gave the company an "outperform" rating in a research report on Friday, August 14th. Rosenblatt Securities began coverage on shares of SailPoint in a research note on Wednesday, July 8th. They issued a "neutral" rating and a $16.00 target price on the stock. DA Davidson began coverage on shares of SailPoint in a research note on Monday, August 3rd. They issued a "neutral" rating and a $17.00 price target for the company. Finally, Wolfe Research reissued an "outperform" rating and issued a $18.00 price target on shares of SailPoint in a research note on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $20.44.

SailPoint Stock Up 3.7%

SAIL opened at $20.56 on Tuesday. The stock has a market cap of $11.66 billion, a price-to-earnings ratio of -76.15, a PEG ratio of 2.08 and a beta of 2.07. SailPoint has a twelve month low of $10.30 and a twelve month high of $24.00. The company's 50-day moving average price is $16.52 and its two-hundred day moving average price is $14.82.

SailPoint (NASDAQ:SAIL - Get Free Report) last posted its quarterly earnings results on Tuesday, June 9th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01. The company had revenue of $280.14 million during the quarter. SailPoint had a positive return on equity of 2.31% and a negative net margin of 14.04%.The firm's revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 EPS. SailPoint has set its Q2 2027 guidance at 0.070-0.080 EPS and its FY 2027 guidance at 0.300-0.340 EPS. As a group, sell-side analysts anticipate that SailPoint will post 0.32 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Mark D. Mcclain sold 118,194 shares of the firm's stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $16.29, for a total transaction of $1,925,380.26. Following the sale, the chief executive officer directly owned 8,187,130 shares of the company's stock, valued at $133,368,347.70. This trade represents a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, President Matt Mills sold 43,485 shares of SailPoint stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $16.29, for a total transaction of $708,370.65. Following the completion of the transaction, the president directly owned 2,407,849 shares of the company's stock, valued at $39,223,860.21. The trade was a 1.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 491,559 shares of company stock worth $7,809,391 in the last quarter. 1.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On SailPoint

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Corient Private Wealth LP purchased a new position in SailPoint during the second quarter worth about $412,000. California State Teachers Retirement System increased its holdings in shares of SailPoint by 279.2% during the 2nd quarter. California State Teachers Retirement System now owns 12,473 shares of the company's stock worth $183,000 after buying an additional 9,184 shares during the last quarter. Outfitters Financial LLC raised its position in shares of SailPoint by 4.8% during the 2nd quarter. Outfitters Financial LLC now owns 41,175 shares of the company's stock valued at $603,000 after buying an additional 1,900 shares during the period. B. Metzler seel. Sohn & Co. AG purchased a new stake in shares of SailPoint during the 2nd quarter valued at approximately $1,427,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in SailPoint in the second quarter valued at approximately $7,070,000.

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.

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