Key Points
- Chief Accounting Officer Mitra Rezvan sold 1,168 SailPoint shares at an average price of $20, receiving $23,360. The Rule 10b5-1 transaction reduced her stake by 0.67%, leaving her with 173,172 shares.
- SailPoint reported quarterly EPS of $0.09, exceeding the $0.08 consensus estimate, while revenue rose 17% year over year to $308.81 million.
- Analyst sentiment remains broadly positive: 20 analysts rate the stock Buy, six Hold and one Sell, producing a “Moderate Buy” consensus and a $22.20 average price target.
SailPoint, Inc. (NASDAQ:SAIL - Get Free Report) CAO Mitra Rezvan sold 1,168 shares of the firm's stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $20.00, for a total value of $23,360.00. Following the completion of the transaction, the chief accounting officer owned 173,172 shares of the company's stock, valued at $3,463,440. This trade represents a 0.67% decrease in their position. The sale 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, October 7th, Mitra Rezvan sold 4,491 shares of SailPoint stock. The shares were sold at an average price of $19.71, for a total value of $88,517.61.
- On Tuesday, October 6th, Mitra Rezvan sold 2,596 shares of SailPoint stock. The shares were sold at an average price of $20.36, for a total value of $52,854.56.
- On Thursday, August 13th, Mitra Rezvan sold 1,214 shares of SailPoint stock. The shares were sold at an average price of $20.00, for a total value of $24,280.00.
SailPoint Stock Up 3.7%
Shares of NASDAQ:SAIL opened at $20.77 on Friday. SailPoint, Inc. has a 52-week low of $10.30 and a 52-week high of $23.89. The stock has a market cap of $11.86 billion, a price-to-earnings ratio of -61.09, a PEG ratio of 2.12 and a beta of 2.15. The business has a 50-day moving average price of $19.38 and a 200-day moving average price of $15.87.
SailPoint (NASDAQ:SAIL - Get Free Report) last issued its earnings results on Wednesday, September 9th. The company reported $0.09 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.01. The firm had revenue of $308.81 million for the quarter. SailPoint had a positive return on equity of 2.44% and a negative net margin of 16.92%. SailPoint's quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.02) EPS. SailPoint has set its FY 2027 guidance at 0.300-0.340 EPS and its Q3 2027 guidance at 0.070-0.080 EPS. As a group, equities analysts anticipate that SailPoint, Inc. will post 0.33 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
SAIL has been the topic of a number of research reports. Cantor Fitzgerald increased their price objective on shares of SailPoint from $25.00 to $27.00 and gave the stock an "overweight" rating in a research note on Friday. Oppenheimer started coverage on shares of SailPoint in a research report on Wednesday. They set an "outperform" rating and a $30.00 target price for the company. Robert W. Baird upped their price target on shares of SailPoint from $22.00 to $25.00 and gave the company an "outperform" rating in a report on Thursday. Rosenblatt Securities reaffirmed a "neutral" rating and set a $17.00 price target on shares of SailPoint in a research report on Thursday, September 10th. Finally, Evercore reiterated an "outperform" rating on shares of SailPoint in a research note on Thursday, September 10th. Twenty equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $22.20.
View Our Latest Stock Report on SailPoint
Institutional Investors Weigh In On SailPoint
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wasatch Advisors LP purchased a new position in SailPoint in the 2nd quarter valued at about $66,173,000. BlackRock Inc. purchased a new stake in SailPoint during the 2nd quarter worth approximately $65,050,000. Freestone Grove Partners LP purchased a new stake in SailPoint during the 2nd quarter worth approximately $21,266,000. Bamco Inc. NY acquired a new position in shares of SailPoint during the second quarter valued at approximately $15,914,000. Finally, Bank of America Corp DE acquired a new position in shares of SailPoint during the second quarter valued at approximately $15,661,000.
More SailPoint News
Here are the key news stories impacting SailPoint this week:
- Positive Sentiment: Cantor Fitzgerald raised its price target to $27 from $25 and maintained an “overweight” rating. The firm cited potential expansion of SailPoint’s addressable market, providing a positive catalyst for the stock. Cantor Fitzgerald price-target report
- Positive Sentiment: Recent analyst actions remain favorable. Robert W. Baird raised its target to $25 and assigned an “outperform” rating, while Oppenheimer initiated coverage with an “outperform” rating and a $30 target, pointing to SailPoint’s potential role in securing AI-agent identities. Oppenheimer coverage report
- Positive Sentiment: Post-earnings momentum has continued. SailPoint has risen 13.5% since its latest earnings report, which included earnings of $0.09 per share versus an $0.08 consensus estimate and 17% year-over-year revenue growth to $308.81 million. Zacks post-earnings analysis
- Positive Sentiment: SailPoint updated its identity-security platform, potentially strengthening its competitive position as demand grows for governance and protection of digital identities, including those used by AI systems. Platform update
- Neutral Sentiment: Amerx initiated coverage with a “hold” rating, providing a more cautious counterpoint to the recent bullish recommendations. Amerx coverage report
- Negative Sentiment: Several senior executives, including the CEO, CFO, president and other officers, sold shares. The transactions were made under pre-arranged Rule 10b5-1 plans to cover tax obligations on vested equity awards, and executives retained substantial holdings, reducing—but not eliminating—the bearish signal.
About SailPoint
(
Get Free Report)
SailPoint, Inc (NASDAQ:SAIL) is an identity security company that helps organizations manage and protect digital identities and access to applications, data, and other technology resources. Its software is designed to help enterprises determine who should have access to specific resources, enforce access policies, and identify and address inappropriate or excessive access.
The company's offerings include its cloud-based identity security platform, which supports identity governance, access management, lifecycle automation, compliance, and analytics.
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