Barclays Reiterates Buy Rating on SailPoint, Inc. (SAIL)
Barclays maintains a buy rating on SailPoint with a $19 price target.
Key Points
- Barclays reiterated its buy rating on SailPoint, Inc. (SAIL) with a $19 price target on June 10, 2026.
- SailPoint shares are trading near $14.32 with a market cap of $8.29 billion and a forward P/E of 36.96.
- Insiders and analysts are actively engaging with the stock, as seen in recent transactions and ratings.
On June 10, 2026, Barclays reaffirmed its buy rating on SailPoint, Inc. (NASDAQ: SAIL), setting a price target of $19. The stock is currently trading around $14.32, giving the company a market cap of approximately $8.29 billion.
What Changed in Barclays' SailPoint Position
Barclays reiterated its buy rating for SailPoint, Inc. with a price target of $19. This suggests confidence in the company's future performance, despite the current share price of about $14.32.
Other Institutional Activity in SailPoint
Thoma Bravo, L.P. holds a significant position in SailPoint with 479.8 million shares valued at approximately $6.35 billion. Dragoneer Investment Group, LLC maintains its stake with 8 million shares worth about $105.92 million. Citadel Advisors LLC significantly increased its holdings by 3,398,849 shares, bringing its total to 5,050,990 shares valued at $66.88 million. Keenan Capital, LLC also boosted its position by 4,116,896 shares, now holding 4,281,411 shares worth around $56.69 million. BlackRock, Inc. added 104,513 shares to its portfolio, totaling 3,693,602 shares valued at $48.9 million.
SailPoint Stock Snapshot
Shares of SailPoint, Inc. (NASDAQ: SAIL) are trading near $14.32. The company has a market capitalization of about $8.29 billion and a forward P/E ratio of 36.96. The stock's 52-week range is between $10.30 and $24.95, with a 50-day moving average of $13.68 and a 200-day moving average of $17.51. SailPoint's current ratio is 1.395, and its quick ratio is 1.222, with a debt-to-equity ratio of 0.277.
Recent Earnings
SailPoint reported revenue of $1.12 billion, reflecting a growth rate of 21.6%. Despite this, the company has a negative net margin of -14.04% and a return on equity of -2.31%. The next earnings date is set for June 9, 2026.
Insider Buying and Selling at SailPoint, Inc.
On June 4, 2026, insiders including Ronald Green, William Bock, James Malcolm Hagan, and Tracey Newell each purchased 14,224 shares. Mitra Rezvan, the Chief Accounting Officer, sold 7,487 shares on June 1, 2026, at an average price of $20 under a planned transaction.
Analysts Set New Price Targets
On June 10, 2026, Barclays, Scotiabank, and Wells Fargo all maintained their buy ratings with a $19 price target for SailPoint. B of A Securities downgraded the stock to hold with a $16 target on June 12, 2026. The consensus rating is a buy, with an average target price of $19.10 from 24 analyst opinions.
About SailPoint, Inc.
SailPoint, Inc., headquartered in Austin, Texas, provides identity security solutions internationally. The company helps organizations manage and secure identities across various systems and applications. SailPoint offers both cloud-based and on-premises solutions, serving industries like financial services, healthcare, and government. Founded in 2005, it employs over 3,000 people and is led by CEO Mark D. McClain.
Bottom Line
Barclays' reiterated buy rating on SailPoint, Inc. reflects continued confidence in the company's potential. Investors watch these ratings closely as they can influence market perceptions. Remember, these ratings are based on past data and market conditions that may have changed.
See Also
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