Key Points
- Insider sale: SailPoint Chief Accounting Officer Mitra Rezvan sold 1,214 shares for $24,280 under a pre-arranged Rule 10b5-1 plan, reducing her position by 0.66% to 181,427 shares.
- Business performance: SailPoint reported quarterly revenue of $280.14 million, up 21.5% year over year, and earnings of $0.05 per share, exceeding analyst expectations of $0.04.
- Market outlook: Shares opened at $19.53, while analysts maintained an overall “Moderate Buy” rating with an average price target of $20.08; institutional investors also increased several positions.
SailPoint, Inc. (NASDAQ:SAIL - Get Free Report) CAO Mitra Rezvan sold 1,214 shares of the firm's stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $20.00, for a total value of $24,280.00. Following the sale, the chief accounting officer directly owned 181,427 shares of the company's stock, valued at approximately $3,628,540. This trade represents a 0.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Mitra Rezvan also recently made the following trade(s):
- On Wednesday, July 8th, Mitra Rezvan sold 3,881 shares of SailPoint stock. The shares were sold at an average price of $15.42, for a total value of $59,845.02.
- On Tuesday, July 7th, Mitra Rezvan sold 2,954 shares of SailPoint stock. The stock was sold at an average price of $16.29, for a total value of $48,120.66.
- On Monday, June 1st, Mitra Rezvan sold 7,487 shares of SailPoint stock. The stock was sold at an average price of $20.00, for a total value of $149,740.00.
SailPoint Trading Down 2.3%
Shares of NASDAQ:SAIL opened at $19.53 on Friday. The company has a market capitalization of $11.08 billion, a price-to-earnings ratio of -72.33, a PEG ratio of 2.22 and a beta of 2.08. SailPoint, Inc. has a 12-month low of $10.30 and a 12-month high of $24.00. The business has a 50-day moving average price of $15.49 and a 200 day moving average price of $14.58.
SailPoint (NASDAQ:SAIL - Get Free Report) last posted its earnings results on Tuesday, June 9th. The company reported $0.05 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.01. The company had revenue of $280.14 million for the quarter. SailPoint had a negative net margin of 14.04% and a positive return on equity of 2.31%. The company's quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.01 EPS. 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, equities research analysts predict that SailPoint, Inc. will post 0.32 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on SAIL. Barclays lowered their price objective on shares of SailPoint from $22.00 to $19.00 and set an "overweight" rating for the company in a research report on Wednesday, June 10th. Jefferies Financial Group lowered SailPoint from a "buy" rating to a "buy" rating in a research report on Wednesday, June 17th. Bank of America restated a "neutral" rating and set a $16.00 price target on shares of SailPoint in a research note on Friday, June 12th. BMO Capital Markets restated an "outperform" rating on shares of SailPoint in a research report on Wednesday, June 10th. Finally, Royal Bank Of Canada lifted their price objective on SailPoint from $19.00 to $22.00 and gave the company an "outperform" rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, SailPoint presently has an average rating of "Moderate Buy" and an average price target of $20.08.
Get Our Latest Research Report on SAIL
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. FNY Investment Advisers LLC increased its stake in SailPoint by 12.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 8,400 shares of the company's stock worth $122,000 after buying an additional 900 shares during the period. Cerity Partners LLC boosted its position in SailPoint by 0.8% in the 4th quarter. Cerity Partners LLC now owns 115,604 shares of the company's stock valued at $2,339,000 after buying an additional 923 shares during the period. Main Management ETF Advisors LLC grew its stake in shares of SailPoint by 1.0% in the fourth quarter. Main Management ETF Advisors LLC now owns 102,573 shares of the company's stock worth $2,075,000 after acquiring an additional 1,048 shares in the last quarter. Federation des caisses Desjardins du Quebec increased its position in shares of SailPoint by 24.1% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 7,871 shares of the company's stock worth $159,000 after acquiring an additional 1,528 shares during the period. Finally, State of Wyoming acquired a new stake in shares of SailPoint in the second quarter valued at $45,000.
About SailPoint
(
Get Free Report)
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.
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