SailPoint (NASDAQ:SAIL) Given New $23.00 Price Target at Barclays

SailPoint (NASDAQ:SAIL - Get Free Report) had its target price cut by stock analysts at Barclays from $25.00 to $23.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's price target indicates a potential upside of 15.81% from the company's previous close.

• Why SailPoint May Cruise Past Cybersecurity Rivals in 2025

Several other research firms have also recently issued reports on SAIL. Mizuho reduced their target price on SailPoint from $25.00 to $24.00 and set a "neutral" rating on the stock in a research note on Monday, November 17th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of SailPoint in a research report on Monday. BTIG Research reiterated a "buy" rating and set a $29.00 price target on shares of SailPoint in a research report on Tuesday, September 30th. Cantor Fitzgerald reissued an "overweight" rating on shares of SailPoint in a research note on Wednesday. Finally, Morgan Stanley raised SailPoint from an "equal weight" rating to an "overweight" rating and set a $25.00 price objective on the stock in a research report on Tuesday, September 2nd. Three analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $25.79.

View Our Latest Stock Report on SAIL

SailPoint Trading Up 2.3%

Shares of NASDAQ:SAIL traded up $0.44 during trading on Thursday, reaching $19.86. 478,812 shares of the company traded hands, compared to its average volume of 2,100,340. SailPoint has a 52-week low of $15.05 and a 52-week high of $26.35. The business's fifty day moving average is $20.92 and its 200-day moving average is $20.76. The firm has a market capitalization of $11.05 billion and a price-to-earnings ratio of -4.72.

SailPoint (NASDAQ:SAIL - Get Free Report) last announced its quarterly earnings results on Tuesday, September 9th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.03. The firm had revenue of $264.36 million for the quarter, compared to analysts' expectations of $243.41 million. SailPoint's quarterly revenue was up 32.9% on a year-over-year basis. SailPoint has set its FY 2026 guidance at 0.200-0.220 EPS and its Q3 2026 guidance at 0.050-0.06 EPS.

Insider Activity

In related news, General Counsel Christopher Schmitt sold 34,186 shares of the firm's stock in a transaction that occurred on Thursday, October 9th. The shares were sold at an average price of $22.42, for a total transaction of $766,450.12. Following the completion of the sale, the general counsel owned 1,069,864 shares of the company's stock, valued at $23,986,350.88. This trade represents a 3.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Matt Mills sold 61,279 shares of the business's stock in a transaction that occurred on Thursday, October 9th. The stock was sold at an average price of $22.42, for a total transaction of $1,373,875.18. Following the completion of the transaction, the president owned 1,904,258 shares of the company's stock, valued at approximately $42,693,464.36. The trade was a 3.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 1,026,454 shares of company stock worth $23,056,195. 2.00% of the stock is currently owned by company insiders.

Institutional Trading of SailPoint

Institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. raised its stake in shares of SailPoint by 4.2% in the third quarter. Blue Trust Inc. now owns 16,886 shares of the company's stock worth $373,000 after purchasing an additional 673 shares during the last quarter. Essex Financial Services Inc. boosted its position in shares of SailPoint by 7.8% during the third quarter. Essex Financial Services Inc. now owns 13,157 shares of the company's stock valued at $291,000 after buying an additional 947 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in SailPoint in the 3rd quarter worth about $31,000. Oppenheimer Asset Management Inc. raised its position in SailPoint by 3.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 46,895 shares of the company's stock worth $1,072,000 after buying an additional 1,510 shares during the last quarter. Finally, Loomis Sayles & Co. L P bought a new position in SailPoint during the 2nd quarter valued at about $42,000.

SailPoint Company Profile

SailPoint, Inc delivers solutions to enable comprehensive identity security for the enterprise. Its solutions enable organizations to establish, control, and automate policies that help them define and maintain a robust security posture and achieve regulatory compliance. The company was founded by Mark David McClain in 2005 and is headquartered in Austin, TX.

Featured Stories

• Five stocks we like better than SailPoint
• What Are the FAANG Stocks and Are They Good Investments?
• Can Alibaba’s Big Bets Pay Off After a Breakout Year?
• What Does a Gap Up Mean in Stocks? How to Play the Gap
• How Accenture's OpenAI Partnership Turns AI Hype Into Profits
• What is the Australian Securities Exchange (ASX)
• Battle of the Big-Upside Tech Names: HUBS vs. NBIS vs. TEAM

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in SailPoint Right Now?

Before you consider SailPoint, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SailPoint wasn't on the list.

While SailPoint currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here