SailPoint, Inc. (NASDAQ:SAIL) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on SailPoint, with 17 buy ratings, one strong buy, five holds and one sell among 24 analysts. The average 12-month price target is approximately $20.08.
• SailPoint exceeded quarterly expectations, reporting 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 $19.17, above its 50-day and 200-day moving averages, while insiders sold about $7.96 million of shares over the past 90 days through pre-arranged plans primarily tied to tax withholding.

SailPoint, Inc. (NASDAQ:SAIL - Get Free Report) has been assigned an average rating of "Moderate Buy" from the twenty-four research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, seventeen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $20.0773.

A number of brokerages recently weighed in on SAIL. Wolfe Research restated an "outperform" rating and set a $18.00 price objective on shares of SailPoint in a research note on Wednesday, June 10th. Scotiabank reiterated a "sector outperform" rating and issued a $19.00 target price (up from $16.00) on shares of SailPoint in a research report on Tuesday, June 9th. Jefferies Financial Group cut shares of SailPoint from a "buy" rating to a "buy" rating in a research note on Wednesday, June 17th. TD Cowen boosted their price target on shares of SailPoint from $19.00 to $22.00 and gave the stock a "buy" rating in a research report on Monday. Finally, Bank of America reaffirmed a "neutral" rating and issued a $16.00 price target on shares of SailPoint in a research note on Friday, June 12th.

SailPoint Price Performance

Shares of SailPoint stock opened at $19.17 on Wednesday. The business's fifty day moving average price is $15.58 and its two-hundred day moving average price is $14.58. The company has a market capitalization of $10.87 billion, a P/E ratio of -71.00, a PEG ratio of 2.17 and a beta of 2.07. SailPoint has a 1-year low of $10.30 and a 1-year high of $24.00.

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

Insider Buying and Selling at SailPoint

In other SailPoint news, CFO Brian Carolan sold 46,002 shares of the stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $15.42, for a total transaction of $709,350.84. Following the completion of the transaction, the chief financial officer directly owned 1,707,742 shares of the company's stock, valued at approximately $26,333,381.64. This trade represents a 2.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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, CEO Mark D. Mcclain sold 118,194 shares of the stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $16.29, for a total value of $1,925,380.26. Following the transaction, the chief executive officer directly owned 8,187,130 shares of the company's stock, valued at approximately $133,368,347.70. The trade was a 1.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Over the last ninety days, insiders have sold 499,046 shares of company stock valued at $7,959,131. 1.70% of the stock is currently owned by company insiders.

Institutional Trading of SailPoint

Several institutional investors have recently modified their holdings of SAIL. State of Wyoming bought a new position in SailPoint during the second quarter valued at about $45,000. Palladiem LLC bought a new stake in SailPoint in the fourth quarter worth about $42,000. Gables Capital Management Inc. acquired a new stake in SailPoint in the 2nd quarter valued at about $29,000. Kestra Advisory Services LLC acquired a new stake in SailPoint in the 4th quarter valued at about $42,000. Finally, CWM LLC boosted its position in shares of SailPoint by 315.6% during the 4th quarter. CWM LLC now owns 2,656 shares of the company's stock valued at $54,000 after purchasing an additional 2,017 shares in the last quarter.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source