Sailpoint (NYSE:SAIL - Get Free Report) updated its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 0.160-0.200 for the period, compared to the consensus EPS estimate of 0.170. The company issued revenue guidance of $1.0 billion-$1.0 billion, compared to the consensus revenue estimate of $1.0 billion. Sailpoint also updated its Q2 2026 guidance to 0.040-0.050 EPS.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the stock. Mizuho boosted their target price on shares of Sailpoint from $24.00 to $26.00 and gave the stock a "neutral" rating in a research note on Wednesday. Wells Fargo & Company increased their target price on Sailpoint from $16.00 to $20.00 and gave the company an "equal weight" rating in a report on Thursday. Piper Sandler started coverage on Sailpoint in a research report on Monday, March 10th. They issued an "overweight" rating and a $30.00 target price on the stock. Bank of America started coverage on Sailpoint in a research report on Monday, March 10th. They set a "buy" rating and a $27.50 price target for the company. Finally, The Goldman Sachs Group started coverage on Sailpoint in a research note on Monday, March 10th. They issued a "neutral" rating and a $23.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $26.50.
View Our Latest Research Report on Sailpoint
Sailpoint Trading Up 3.4%
Sailpoint stock traded up $0.76 during midday trading on Thursday, hitting $23.29. 1,763,645 shares of the stock were exchanged, compared to its average volume of 1,982,448. The stock's 50-day moving average price is $17.77. Sailpoint has a fifty-two week low of $15.05 and a fifty-two week high of $26.35.
Sailpoint (NYSE:SAIL - Get Free Report) last posted its quarterly earnings results on Wednesday, March 26th. The company reported ($4.29) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($4.28). The firm had revenue of $240.10 million for the quarter, compared to analyst estimates of $229.69 million.
Institutional Investors Weigh In On Sailpoint
A hedge fund recently bought a new stake in Sailpoint stock. Royal Bank of Canada purchased a new position in shares of Sailpoint Inc (NYSE:SAIL - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 61,126 shares of the company's stock, valued at approximately $1,146,000.
About Sailpoint
(
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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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