Brokers Set Expectations for SailPoint FY2026 Earnings

SailPoint, Inc. (NASDAQ:SAIL - Free Report) - Equities researchers at Cantor Fitzgerald issued their FY2026 earnings per share estimates for SailPoint in a report released on Monday, June 30th. Cantor Fitzgerald analyst J. Ruykhaver anticipates that the company will earn $0.20 per share for the year. Cantor Fitzgerald has a "Overweight" rating and a $29.00 price objective on the stock.

Several other research analysts have also issued reports on SAIL. Piper Sandler initiated coverage on SailPoint in a research note on Monday, March 10th. They set an "overweight" rating and a $30.00 price objective for the company. Bank of America began coverage on shares of SailPoint in a research report on Monday, March 10th. They set a "buy" rating and a $27.50 target price for the company. Truist Financial initiated coverage on shares of SailPoint in a research report on Monday, March 10th. They issued a "buy" rating and a $29.00 price target on the stock. Jefferies Financial Group dropped their price objective on shares of SailPoint from $26.00 to $24.00 and set a "buy" rating for the company in a report on Monday, March 31st. Finally, BTIG Research started coverage on SailPoint in a report on Monday, March 10th. They set a "buy" rating and a $27.00 target price on the stock. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $26.66.

SailPoint Stock Up 2.0%

Shares of SAIL stock traded up $0.43 during trading hours on Wednesday, reaching $22.16. 600,564 shares of the company's stock were exchanged, compared to its average volume of 2,553,246. SailPoint has a fifty-two week low of $15.05 and a fifty-two week high of $26.35. The business's fifty day simple moving average is $19.84.

SailPoint (NASDAQ:SAIL - Get Free Report) last posted its quarterly earnings data on Wednesday, June 11th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02. The firm had revenue of $230.47 million for the quarter, compared to the consensus estimate of $225.18 million. The firm's quarterly revenue was up 22.8% on a year-over-year basis.

Institutional Investors Weigh In On SailPoint

Institutional investors have recently modified their holdings of the business. Assetmark Inc. bought a new position in SailPoint in the first quarter valued at approximately $32,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of SailPoint in the 1st quarter valued at $49,000. Quarry LP bought a new position in shares of SailPoint in the 1st quarter worth $70,000. Picton Mahoney Asset Management acquired a new stake in shares of SailPoint during the first quarter worth $87,000. Finally, PNC Financial Services Group Inc. bought a new stake in SailPoint in the first quarter valued at about $150,000.

About SailPoint

SailPoint, Inc delivers solutions to enable comprehensive identity security for the enterprise. Its solutions enable organizations to establish, control, and automate policies that help them define and maintain a robust security posture and achieve regulatory compliance. The company was founded by Mark David McClain in 2005 and is headquartered in Austin, TX.