Key Points
- Director James Malcolm Hagan sold 4,205 SailPoint shares at an average price of $22.50, generating $94,612.50. The sale, conducted under a Rule 10b5-1 plan, reduced his holdings by 4.28% to 94,125 shares.
- SailPoint reported quarterly EPS of $0.09, exceeding the $0.08 analyst consensus, while revenue rose 17% year over year to $308.81 million. The company posted a negative net margin of 16.92% but provided fiscal 2027 EPS guidance of $0.30–$0.34.
- Analyst sentiment remains favorable, with 21 Buy, six Hold, and one Sell rating, resulting in a consensus “Moderate Buy” rating and an average price target of $22.20.
SailPoint, Inc. (NASDAQ:SAIL - Get Free Report) Director James Malcolm Hagan sold 4,205 shares of the stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $22.50, for a total value of $94,612.50. Following the transaction, the director owned 94,125 shares in the company, valued at $2,117,812.50. This represents a 4.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
SailPoint Trading Down 0.5%
Shares of SAIL opened at $22.28 on Thursday. SailPoint, Inc. has a 12 month low of $10.30 and a 12 month high of $22.72. The stock's 50 day moving average is $19.79 and its two-hundred day moving average is $16.12. The firm has a market cap of $12.72 billion, a P/E ratio of -65.53, a PEG ratio of 2.31 and a beta of 2.15.
SailPoint (NASDAQ:SAIL - Get Free Report) last posted its quarterly earnings data on Wednesday, September 9th. The company reported $0.09 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.01. The business had revenue of $308.81 million during the quarter. SailPoint had a positive return on equity of 2.44% and a negative net margin of 16.92%. The firm's quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.02) earnings per share. SailPoint has set its FY 2027 guidance at 0.300-0.340 EPS and its Q3 2027 guidance at 0.070-0.080 EPS. Equities research analysts forecast that SailPoint, Inc. will post 0.33 EPS for the current year.
Hedge Funds Weigh In On SailPoint
Hedge funds have recently made changes to their positions in the company. Gables Capital Management Inc. purchased a new position in shares of SailPoint in the second quarter valued at approximately $29,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of SailPoint in the second quarter worth approximately $50,000. State of Wyoming acquired a new stake in shares of SailPoint in the second quarter worth approximately $56,000. Legal & General Group Plc purchased a new stake in shares of SailPoint during the second quarter worth approximately $94,000. Finally, FNY Investment Advisers LLC increased its position in shares of SailPoint by 12.0% during the second quarter. FNY Investment Advisers LLC now owns 8,400 shares of the company's stock worth $122,000 after purchasing an additional 900 shares in the last quarter.
Analyst Ratings Changes
Several equities research analysts recently commented on the stock. Jefferies Financial Group reissued a "buy" rating on shares of SailPoint in a report on Wednesday, October 7th. KeyCorp started coverage on shares of SailPoint in a research report on Friday, October 2nd. They set a "sector weight" rating for the company. TD Cowen reaffirmed a "buy" rating on shares of SailPoint in a report on Wednesday, September 9th. Barclays lifted their target price on shares of SailPoint from $21.00 to $22.00 and gave the company an "overweight" rating in a research report on Thursday, September 10th. Finally, Stephens reissued an "overweight" rating on shares of SailPoint in a research note on Monday, October 12th. Twenty-one research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $22.20.
Check Out Our Latest Stock Analysis on SAIL
About SailPoint
(
Get Free Report)
SailPoint Technologies, Inc (NASDAQ:SAIL) provides identity security software that helps organizations manage and protect digital identities and access to applications, data, and other technology resources. Its platform is designed to support identity governance, access management, compliance, and security operations across complex information-technology environments.
The company's offerings include SailPoint Identity Security Cloud, a cloud-based platform for managing workforce and machine identities, as well as identity governance and administration capabilities delivered through its broader SailPoint platform.
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