SailPoint (NASDAQ:SAIL) Shares Down 7.2% - Here's Why

Key Points

• SailPoint's stock price dropped 7.2% to $21.93 after trading a significant volume decrease, indicating heightened volatility and investor caution.
• Analysts have mixed ratings for SailPoint, with one "Strong Buy," multiple "Buy" ratings, and a recent downgrade to "Strong Sell," reflecting different expectations for future performance.
• The company reported earnings of $0.07 per share, exceeding estimates, and highlighted a revenue increase of 32.9% year-over-year, indicating strong financial performance despite the stock decline.

SailPoint, Inc. (NASDAQ:SAIL - Get Free Report)'s stock price dropped 7.2% during trading on Tuesday . The stock traded as low as $21.80 and last traded at $21.93. Approximately 1,330,977 shares traded hands during trading, a decline of 40% from the average daily volume of 2,208,890 shares. The stock had previously closed at $23.63.

Analyst Upgrades and Downgrades

SAIL has been the subject of several research analyst reports. Wells Fargo & Company upped their target price on shares of SailPoint from $20.00 to $23.00 and gave the company an "equal weight" rating in a research note on Tuesday, September 30th. Mizuho increased their price objective on shares of SailPoint from $24.00 to $25.00 and gave the company a "neutral" rating in a research note on Tuesday, September 30th. Arete Research upgraded shares of SailPoint to a "strong sell" rating and set a $16.00 price objective for the company in a research note on Monday, July 7th. BMO Capital Markets dropped their price objective on shares of SailPoint from $27.00 to $25.00 and set an "outperform" rating for the company in a research note on Tuesday, September 9th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $29.00 price objective (up previously from $27.00) on shares of SailPoint in a research note on Thursday, June 12th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, SailPoint presently has an average rating of "Moderate Buy" and a consensus target price of $25.58.

SailPoint Stock Down 6.7%

The company's fifty day moving average price is $21.10 and its two-hundred day moving average price is $20.02.

SailPoint (NASDAQ:SAIL - Get Free Report) last posted its earnings results on Tuesday, September 9th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.03. The firm had revenue of $264.36 million during the quarter, compared to the consensus estimate of $243.41 million. The firm's revenue for the quarter was up 32.9% on a year-over-year basis. SailPoint has set its FY 2026 guidance at 0.200-0.220 EPS. Q3 2026 guidance at 0.050-0.06 EPS.

Institutional Investors Weigh In On SailPoint

Several large investors have recently made changes to their positions in SAIL. Oppenheimer Asset Management Inc. grew its holdings in SailPoint by 3.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 46,895 shares of the company's stock worth $1,072,000 after acquiring an additional 1,510 shares during the last quarter. Assetmark Inc. bought a new stake in SailPoint during the 1st quarter worth about $32,000. Loomis Sayles & Co. L P bought a new stake in SailPoint during the 2nd quarter worth about $42,000. State of Wyoming bought a new stake in SailPoint during the 2nd quarter worth about $45,000. Finally, Kayne Anderson Rudnick Investment Management LLC bought a new stake in SailPoint during the 1st quarter worth about $49,000.

SailPoint Company Profile

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.

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