SailPoint (NASDAQ:SAIL) Issues Q3 2027 Earnings Guidance

SailPoint (NASDAQ:SAIL) updated its third quarter 2027 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.070-0.080 for the period, compared to the consensus earnings per share estimate of 0.080. The company issued revenue guidance of $326.0 million-$330.0 million, compared to the consensus revenue estimate of $328.4 million. SailPoint also updated its FY 2027 guidance to 0.300-0.340 EPS.

SailPoint Price Performance

Shares of SAIL stock opened at $17.79 on Wednesday. SailPoint has a fifty-two week low of $10.30 and a fifty-two week high of $24.00. The stock’s 50-day moving average is $17.17 and its two-hundred day moving average is $14.95. The firm has a market cap of $10.09 billion, a P/E ratio of -65.89, a PEG ratio of 1.97 and a beta of 2.17.

SailPoint (NASDAQ:SAIL) last announced its quarterly earnings results on Wednesday, September 9th. The company reported $0.09 earnings per share (EPS) for the quarter. The business had revenue of $308.81 million during the quarter. SailPoint had a positive return on equity of 2.31% and a negative net margin of 14.04%.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, research analysts expect that SailPoint will post 0.32 EPS for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on SAIL shares. Cantor Fitzgerald lifted their target price on shares of SailPoint from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Tuesday, September 1st. Wolfe Research restated an “outperform” rating and set a $18.00 price target on shares of SailPoint in a research note on Wednesday, June 10th. Morgan Stanley raised their price target on shares of SailPoint from $18.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, August 20th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $19.00 price objective on shares of SailPoint in a research note on Wednesday, June 10th. Finally, Roth Capital assumed coverage on shares of SailPoint in a research report on Wednesday, May 20th. They set a “buy” rating and a $19.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, SailPoint presently has an average rating of “Moderate Buy” and a consensus target price of $20.55.

Insider Buying and Selling at SailPoint

In other SailPoint news, CFO Brian Carolan sold 46,002 shares of the business’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $15.42, for a total transaction of $709,350.84. Following the completion of the transaction, the chief financial officer owned 1,707,742 shares of the company’s stock, valued at $26,333,381.64. The trade was a 2.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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, insider Abby Payne sold 16,999 shares of the business’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $15.42, for a total transaction of $262,124.58. Following the transaction, the insider directly owned 891,965 shares of the company’s stock, valued at approximately $13,754,100.30. This represents a 1.87% 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 491,559 shares of company stock worth $7,809,391 in the last quarter. 1.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On SailPoint

Institutional investors have recently made changes to their positions in the business. Vident Advisory LLC lifted its position in shares of SailPoint by 6.4% during the 4th quarter. Vident Advisory LLC now owns 55,823 shares of the company’s stock worth $1,129,000 after purchasing an additional 3,370 shares during the last quarter. one8zero8 LLC grew its holdings in SailPoint by 2.0% in the 4th quarter. one8zero8 LLC now owns 105,550 shares of the company’s stock valued at $2,135,000 after buying an additional 2,050 shares during the last quarter. Occudo Quantitative Strategies LP acquired a new stake in SailPoint in the 4th quarter valued at approximately $606,000. Balyasny Asset Management L.P. grew its holdings in SailPoint by 126.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 535,475 shares of the company’s stock valued at $10,833,000 after buying an additional 299,356 shares during the last quarter. Finally, Freestone Grove Partners LP increased its position in SailPoint by 69.8% in the 4th quarter. Freestone Grove Partners LP now owns 500,000 shares of the company’s stock worth $10,115,000 after buying an additional 205,606 shares during the period.

SailPoint Company Profile

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.