Sailpoint Inc (NASDAQ:SAIL) price on current trading day, rose 9.06% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $17.82.
A look at the stock’s price movement, the close in the last trading session was $16.34, moving within a range at $15.48 and $18.1902. Turning to its 52-week performance, $26.35 and $15.05 were the 52-week high and 52-week low respectively. Overall, SAIL moved -7.52% over the past month.
Sailpoint Inc’s market cap currently stands at around $9.92 billion, with investors looking forward to this quarter’s earnings report slated for in May.
Analysts have a consensus estimate of 225.21M for the company’s revenue for the quarter, with a low and high estimate of 224.7M and 226M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.03B, representing a 19.78% jump on that reported in the last financial year.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend SAIL as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SAIL’s current price about -6.52% and -15.11% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 42.70, while 7-day volatility ratio is 11.92% and 7.68% in the 30-day chart. Further, Sailpoint Inc (SAIL) has a beta value of 0, and an average true range (ATR) of 1.60. Analysts have given the company’s stock an average 52-week price target of $26, forecast between a low of $23 and high of $30. Looking at the price targets, the low is -29.07% off current price level while to achieve the yearly target high, price needs to move -68.35%. Nonetheless, investors will most likely welcome a -45.9% jump to $26 which is the analysts’ median price.
If we refocus on Sailpoint Inc (NASDAQ:SAIL), historical trading data shows that trading volumes averaged 2.55 over the past 10 days and 3.54 million over the past 3 months. The company’s latest data on shares outstanding shows there are 556.58 million shares.
The 88.86% of Sailpoint Inc’s shares are in the hands of company insiders while institutional holders own 0.01% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 7.75 million on 2025-03-14, giving us a short ratio of 2.85. The data shows that as of 2025-03-14 short interest in Sailpoint Inc (SAIL) stood at 1117.0 of shares outstanding, with shares short rising to 5.74 million registered in 2025-02-14. Current price change has pushed the stock -19.00% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SAIL stock continues to rise going into the next quarter.
