SailPoint (NASDAQ:SAIL) Updates Q1 2027 Earnings Guidance
by Renee Jackson · The Cerbat GemSailPoint (NASDAQ:SAIL – Get Free Report) issued an update on its first quarter 2027 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.040-0.050 for the period, compared to the consensus earnings per share estimate of 0.050. The company issued revenue guidance of $273.0 million-$277.0 million, compared to the consensus revenue estimate of $285.3 million. SailPoint also updated its FY 2027 guidance to 0.300-0.340 EPS.
SailPoint Trading Down 10.9%
Shares of SAIL stock traded down $1.35 on Thursday, reaching $11.06. The company’s stock had a trading volume of 7,451,709 shares, compared to its average volume of 3,088,303. The stock’s fifty day simple moving average is $14.20 and its 200-day simple moving average is $18.28. SailPoint has a 1 year low of $10.99 and a 1 year high of $24.95. The company has a market capitalization of $6.24 billion, a price-to-earnings ratio of -19.75 and a beta of 2.38.
SailPoint (NASDAQ:SAIL – Get Free Report) last released its quarterly earnings data on Wednesday, March 18th. The company reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. SailPoint had a negative net margin of 25.20% and a positive return on equity of 1.95%. The business had revenue of $294.65 million during the quarter. During the same quarter last year, the business earned ($4.29) EPS. SailPoint’s revenue for the quarter was up 22.9% compared to the same quarter last year.
Analyst Ratings Changes
A number of brokerages recently commented on SAIL. The Goldman Sachs Group lowered their price target on shares of SailPoint from $21.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, March 19th. BMO Capital Markets restated an “outperform” rating on shares of SailPoint in a research report on Thursday, December 11th. FBN Securities initiated coverage on SailPoint in a research note on Tuesday, February 24th. They issued an “outperform” rating and a $18.00 price objective for the company. Barclays dropped their target price on SailPoint from $23.00 to $20.00 and set an “overweight” rating for the company in a report on Monday, March 16th. Finally, Scotiabank cut their target price on SailPoint from $24.00 to $16.00 and set a “sector outperform” rating on the stock in a research report on Thursday, March 19th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.35.
Check Out Our Latest Analysis on SAIL
Institutional Trading of SailPoint
Several institutional investors have recently added to or reduced their stakes in SAIL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of SailPoint during the second quarter valued at approximately $64,453,000. UBS Group AG raised its holdings in shares of SailPoint by 116.3% in the third quarter. UBS Group AG now owns 4,128,038 shares of the company’s stock worth $91,147,000 after buying an additional 2,219,593 shares during the period. Artisan Partners Limited Partnership bought a new stake in shares of SailPoint during the 4th quarter worth approximately $35,203,000. Schonfeld Strategic Advisors LLC purchased a new position in SailPoint during the 4th quarter valued at $20,778,000. Finally, Ameriprise Financial Inc. boosted its holdings in SailPoint by 175.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,594,605 shares of the company’s stock valued at $35,209,000 after acquiring an additional 1,016,724 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.