SailPoint (NASDAQ:SAIL) Stock Price Expected to Rise, Truist Financial Analyst Says

Key Points

• Truist Financial raised SailPoint’s price target to $23 from $18 and maintained a “buy” rating, implying 20.53% upside from the stock’s $19.08 price. Analysts overall give the stock a “Moderate Buy” consensus rating with a $20.40 average target.
• SailPoint reported quarterly EPS of $0.05, beating estimates by $0.01, while revenue rose 21.5% year over year to $280.14 million. The company provided fiscal 2027 EPS guidance of $0.30–$0.34.
• Shares fell 0.6% in Wednesday trading but remain above their 50-day and 200-day moving averages. Executives sold shares under pre-arranged plans to cover tax obligations, while several major institutions—including Norges Bank, BlackRock and UBS—built or initiated positions.

SailPoint (NASDAQ:SAIL - Get Free Report) had its price target lifted by Truist Financial from $18.00 to $23.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Truist Financial's price objective would suggest a potential upside of 20.53% from the stock's current price.

Several other brokerages have also issued reports on SAIL. Mizuho set a $18.00 target price on SailPoint in a research report on Wednesday. BTIG Research reiterated a "buy" rating and issued a $18.00 price target on shares of SailPoint in a research report on Tuesday, June 9th. Roth Capital began coverage on SailPoint in a research note on Wednesday, May 20th. They issued a "buy" rating and a $19.00 price target for the company. DA Davidson initiated coverage on SailPoint in a research note on Monday, August 3rd. They issued a "neutral" rating and a $17.00 price objective on the stock. Finally, Wolfe Research reiterated an "outperform" rating and issued a $18.00 target price on shares of SailPoint in a report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.40.

SailPoint Stock Down 0.6%

Shares of NASDAQ:SAIL traded down $0.12 during trading on Wednesday, hitting $19.08. 226,796 shares of the company were exchanged, compared to its average volume of 3,599,349. SailPoint has a 1-year low of $10.30 and a 1-year high of $24.00. The company has a market capitalization of $10.82 billion, a P/E ratio of -70.48, a price-to-earnings-growth ratio of 2.17 and a beta of 2.07. The business's 50 day moving average is $15.58 and its 200-day moving average is $14.58.

SailPoint (NASDAQ:SAIL - Get Free Report) last released its quarterly earnings data on Tuesday, June 9th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate 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 for the quarter. During the same period last year, the business earned $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. As a group, sell-side analysts anticipate that SailPoint will post 0.32 earnings per share for the current year.

Insider Buying and Selling at SailPoint

In other SailPoint news, President Matt Mills sold 43,485 shares of the stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $16.29, for a total value of $708,370.65. Following the transaction, the president owned 2,407,849 shares in the company, valued at approximately $39,223,860.21. This represents a 1.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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, CEO Mark D. Mcclain sold 118,194 shares of the company's stock in a transaction that occurred on Tuesday, July 7th. The stock was 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 in the company, valued at $133,368,347.70. The trade was a 1.42% decrease in their ownership of the stock. 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 499,046 shares of company stock worth $7,959,131 in the last quarter. Company insiders own 1.70% of the company's stock.

Institutional Trading of SailPoint

Several institutional investors have recently made changes to their positions in the company. Norges Bank bought a new stake in SailPoint in the fourth quarter worth about $234,681,000. Wasatch Advisors LP purchased a new stake in shares of SailPoint during the 2nd quarter worth approximately $66,173,000. BlackRock Inc. bought a new stake in shares of SailPoint in the 2nd quarter worth approximately $65,050,000. UBS Group AG lifted its stake in SailPoint by 116.3% in the third quarter. UBS Group AG now owns 4,128,038 shares of the company's stock valued at $91,147,000 after purchasing an additional 2,219,593 shares during the last quarter. Finally, Stephens Investment Management Group LLC lifted its stake in SailPoint by 51.0% in the first quarter. Stephens Investment Management Group LLC now owns 2,895,700 shares of the company's stock valued at $38,339,000 after purchasing an additional 978,376 shares during the last quarter.

SailPoint Company Profile

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