SailPoint (NASDAQ:SAIL) Updates FY 2027 Earnings Guidance

SailPoint (NASDAQ:SAIL) updated its FY 2027 earnings guidance on Tuesday. The company provided earnings per share guidance of 0.300-0.340 for the period, compared to the consensus earnings per share estimate of 0.320. The company issued revenue guidance of $1.3 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 billion. SailPoint also updated its Q2 2027 guidance to 0.070-0.080 EPS.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Mizuho dropped their target price on shares of SailPoint from $23.00 to $20.00 and set a “neutral” rating for the company in a research note on Tuesday, February 17th. TD Cowen dropped their target price on shares of SailPoint from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. Barclays boosted their price target on shares of SailPoint from $16.00 to $22.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. Roth Mkm began coverage on shares of SailPoint in a research note on Wednesday, May 20th. They set a “buy” rating and a $19.00 price target for the company. Finally, JPMorgan Chase & Co. dropped their price target on shares of SailPoint from $26.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, March 19th. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $21.29.

SailPoint Price Performance

SAIL opened at $17.69 on Tuesday. The company has a market cap of $10.03 billion, a price-to-earnings ratio of -31.59 and a beta of 2.00. The firm has a 50 day simple moving average of $13.60 and a 200 day simple moving average of $15.98. SailPoint has a fifty-two week low of $10.30 and a fifty-two week high of $24.95.

SailPoint (NASDAQ:SAIL) last posted its quarterly earnings results on Tuesday, June 9th. The company reported $0.05 earnings per share for the quarter. The business had revenue of $280.14 million during the quarter. SailPoint had a negative net margin of 25.20% and a positive return on equity of 1.95%. 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, analysts expect that SailPoint will post 0.32 EPS for the current year.

Insider Buying and Selling at SailPoint

In related news, insider Abby Payne sold 16,930 shares of the business’s stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $11.46, for a total transaction of $194,017.80. Following the completion of the transaction, the insider owned 930,506 shares in the company, valued at approximately $10,663,598.76. The trade was a 1.79% decrease in their ownership of the stock. The sale was disclosed in a document filed 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Brian Carolan sold 47,444 shares of the company’s stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $11.46, for a total transaction of $543,708.24. Following the completion of the sale, the chief financial officer directly owned 1,786,212 shares of the company’s stock, valued at $20,469,989.52. The trade was a 2.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 534,449 shares of company stock valued at $6,569,848 over the last 90 days. Company insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On SailPoint

Several large investors have recently bought and sold shares of the company. UBS Group AG increased its stake in SailPoint by 116.3% in the third quarter. UBS Group AG now owns 4,128,038 shares of the company’s stock valued at $91,147,000 after purchasing an additional 2,219,593 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in SailPoint by 1.8% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,869,273 shares of the company’s stock valued at $63,359,000 after purchasing an additional 49,718 shares in the last quarter. Alliancebernstein L.P. increased its stake in SailPoint by 20.9% in the third quarter. Alliancebernstein L.P. now owns 2,680,131 shares of the company’s stock valued at $59,177,000 after purchasing an additional 464,098 shares in the last quarter. NZS Capital LLC increased its stake in SailPoint by 12.2% in the fourth quarter. NZS Capital LLC now owns 1,959,650 shares of the company’s stock valued at $39,644,000 after purchasing an additional 212,489 shares in the last quarter. Finally, Artisan Partners Limited Partnership bought a new stake in SailPoint in the fourth quarter valued at approximately $35,203,000.

About SailPoint

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.