SailPoint (NASDAQ:SAIL) Trading Down 5.7% - Time to 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 trading on Wednesday . The stock 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.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SAIL shares. Morgan Stanley upgraded SailPoint from an "equal weight" rating to an "overweight" rating and set a $25.00 price target on the stock in a research note on Tuesday, September 2nd. Stephens upgraded shares of SailPoint to a "strong-buy" rating in a report on Tuesday, August 12th. Mizuho lifted their price target on shares of SailPoint from $24.00 to $26.00 and gave the company a "neutral" rating in a research note on Wednesday, June 11th. Arete Research raised SailPoint to a "strong sell" rating and set a $16.00 target price for the company in a research report on Monday, July 7th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating on shares of SailPoint in a research note on Wednesday, June 11th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $25.48.

SailPoint Stock Down 3.2%

The firm has a 50 day moving average price of $20.67 and a 200 day moving average price of $19.99.

SailPoint (NASDAQ:SAIL - Get Free Report) last released its quarterly earnings results on Tuesday, September 9th. The company reported $0.07 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.03. The company had revenue of $264.36 million during the quarter, compared to analysts' expectations of $243.41 million. SailPoint's quarterly revenue 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 institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. purchased a new position in SailPoint in the first quarter worth $94,194,000. Norges Bank bought a new position in shares of SailPoint during the 2nd quarter valued at approximately $112,297,000. Alliancebernstein L.P. purchased a new stake in shares of SailPoint during the 1st quarter worth approximately $55,644,000. Voya Investment Management LLC bought a new stake in shares of SailPoint in the 1st quarter worth approximately $53,616,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in SailPoint in the second quarter valued at approximately $64,453,000.

About SailPoint

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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