SailPoint, Inc. (NASDAQ:SAIL) Stock Rated "Moderate Buy" by Wall Street Analysts

Key Points

• Analysts hold a “Moderate Buy” consensus on SailPoint, with 21 buy, six hold, and one sell rating among 28 analysts. The average 12-month price target is $22.20, with recent targets ranging as high as $30.
• SailPoint reported quarterly EPS of $0.09, exceeding estimates by $0.01, while revenue increased 17% year over year to $308.81 million. Shares opened at $21.06, near their 12-month high of $22.62.
• Insiders sold $10.3 million worth of shares over the past 90 days, primarily through pre-arranged plans to cover tax obligations. Meanwhile, several major institutions—including Wasatch Advisors and BlackRock—established sizable positions during the second quarter.

SailPoint, Inc. (NASDAQ:SAIL - Get Free Report) has been given a consensus rating of "Moderate Buy" by the twenty-eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and twenty-one have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $22.20.

A number of equities research analysts have recently issued reports on SAIL shares. Robert W. Baird boosted their target price on SailPoint from $22.00 to $25.00 and gave the stock an "outperform" rating in a research report on Thursday, October 8th. BTIG Research restated a "buy" rating and issued a $21.00 price target on shares of SailPoint in a research report on Wednesday, September 9th. Barclays lifted their target price on SailPoint from $21.00 to $22.00 and gave the company an "overweight" rating in a report on Thursday, September 10th. Cantor Fitzgerald lifted their target price on SailPoint from $25.00 to $27.00 and gave the stock an "overweight" rating in a report on Friday, October 9th. Finally, Oppenheimer initiated coverage on shares of SailPoint in a research note on Wednesday, October 7th. They set an "outperform" rating and a $30.00 price target for the company.

SailPoint Stock Performance

Shares of SAIL opened at $21.06 on Monday. The company has a market capitalization of $12.02 billion, a PE ratio of -61.94, a price-to-earnings-growth ratio of 2.23 and a beta of 2.08. SailPoint has a 12-month low of $10.30 and a 12-month high of $22.62. The business's 50 day moving average is $19.90 and its 200 day moving average is $16.14.

SailPoint (NASDAQ:SAIL - Get Free Report) last announced its earnings results on Wednesday, September 9th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. SailPoint had a negative net margin of 16.92% and a positive return on equity of 2.44%. The business had revenue of $308.81 million for the quarter. During the same quarter last year, the business earned ($0.02) EPS. The firm's revenue for the quarter was up 17.0% compared to the same quarter last year. SailPoint has set its FY 2027 guidance at 0.300-0.340 EPS and its Q3 2027 guidance at 0.070-0.080 EPS. Equities research analysts predict that SailPoint will post 0.33 earnings per share for the current year.

Insider Transactions at SailPoint

In other SailPoint news, CEO Mark McClain sold 115,356 shares of the stock in a transaction that occurred on Wednesday, October 7th. The shares were sold at an average price of $19.71, for a total transaction of $2,273,666.76. Following the transaction, the chief executive officer owned 7,874,621 shares of the company's stock, valued at $155,208,779.91. This trade represents a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through 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, General Counsel Christopher Schmitt sold 23,367 shares of the company's stock in a transaction dated Wednesday, October 7th. The stock was sold at an average price of $19.71, for a total transaction of $460,563.57. Following the completion of the sale, the general counsel directly owned 1,268,311 shares of the company's stock, valued at $24,998,409.81. The trade was a 1.81% 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 sold a total of 515,009 shares of company stock worth $10,310,350 over the last ninety days. 1.70% of the stock is currently owned by corporate insiders.

Institutional Trading of SailPoint

A number of hedge funds and other institutional investors have recently bought and sold shares of SAIL. Wasatch Advisors LP purchased a new position in SailPoint in the 2nd quarter worth about $66,173,000. BlackRock Inc. purchased a new position in SailPoint during the second quarter worth about $65,050,000. Freestone Grove Partners LP acquired a new stake in shares of SailPoint during the second quarter valued at $21,266,000. Bamco Inc. NY purchased a new stake in SailPoint during the second quarter worth approximately $15,914,000. Finally, Bank of America Corp DE acquired a new position in shares of SailPoint in the 2nd quarter worth approximately $15,661,000.

SailPoint Company Profile

SailPoint Technologies, Inc NASDAQ: SAIL provides identity security software that helps organizations manage and protect digital identities and access to applications, data, and other technology resources. Its platform is designed to support identity governance, access management, compliance, and security operations across complex information-technology environments.

The company's offerings include SailPoint Identity Security Cloud, a cloud-based platform for managing workforce and machine identities, as well as identity governance and administration capabilities delivered through its broader SailPoint platform.

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