SailPoint (NASDAQ:SAIL) Stock Price Down 5.7% - Should You Sell?

Key Points

• SailPoint's stock fell by 5.7% in trading on Wednesday, reaching a low of $19.45, while the average trading volume remained stable at around 2.17 million shares.
• Equities analysts generally rate SailPoint positively, with one upgrade to "strong buy" and a consensus price target of $25.48, despite one analyst recommending a "strong sell" with a target of $16.00.
• For the recent quarter, SailPoint reported $0.07 EPS and revenue of $264.36 million, exceeding analyst expectations and marking a 32.9% year-over-year increase.

Shares of SailPoint, Inc. (NASDAQ:SAIL - Get Free Report) dropped 5.7% during mid-day trading on Wednesday . The company traded as low as $19.45 and last traded at $19.49. Approximately 2,174,402 shares changed hands during mid-day trading, an increase of 0% from the average daily volume of 2,163,904 shares. The stock had previously closed at $20.66.

Analyst Upgrades and Downgrades

SAIL has been the subject of a number of recent analyst reports. BTIG Research reissued a "buy" rating and issued a $29.00 price objective on shares of SailPoint in a report on Tuesday, September 9th. Scotiabank initiated coverage on SailPoint in a report on Wednesday, September 3rd. They set a "sector outperform" rating and a $25.00 target price on the stock. Cantor Fitzgerald initiated coverage on SailPoint in a report on Monday, June 30th. They set an "overweight" rating and a $29.00 target price on the stock. BMO Capital Markets dropped their target price on SailPoint from $27.00 to $25.00 and set an "outperform" rating on the stock in a report on Tuesday, September 9th. Finally, JPMorgan Chase & Co. raised SailPoint from a "neutral" rating to an "overweight" rating and set a $26.00 target price on the stock in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $25.48.

SailPoint Trading Up 0.4%

The stock's fifty day moving average is $20.60 and its two-hundred day moving average is $19.93.

SailPoint (NASDAQ:SAIL - Get Free Report) last issued its earnings results on Tuesday, September 9th. The company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.03. The business had revenue of $264.36 million for the quarter, compared to the consensus estimate of $243.41 million. The business's revenue for the quarter was up 32.9% compared to the same quarter last year. 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

Large investors have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of SailPoint during the first quarter valued at approximately $3,441,000. Voya Investment Management LLC acquired a new stake in shares of SailPoint during the first quarter valued at approximately $53,616,000. Phoenix Financial Ltd. acquired a new stake in shares of SailPoint during the first quarter valued at approximately $4,321,000. PNC Financial Services Group Inc. acquired a new stake in shares of SailPoint during the first quarter valued at approximately $150,000. Finally, Siren L.L.C. acquired a new stake in shares of SailPoint during the first quarter valued at approximately $1,781,000.

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.