SAIL SailPoint, Inc.
Price Chart
Executive Summary
B of A Securities double downgraded SailPoint (SAIL) from Buy to Neutral on June 12, maintaining a $16 price target, a notable contrarian move given the overwhelming bullish consensus of 87% Buy ratings. The firm has a 54% accuracy rate on 3,282 calls with a 5.1% average return, placing it among the more reliable firms covering SAIL. The mean analyst price target is $19.10, implying 32.5% upside from the current $14.42, while BofA's $16 target offers only 11% upside. EPS revisions for the current quarter show one revision up with no downs, and next quarter also had one revision up—suggesting near-term earnings momentum is intact. Insider sells have been notable, including a $1.8M cluster on April 9 and a subsequent $150k sale on June 1, all aligning with the downgrade. However, institutional activity diverges sharply: Morgan Stanley doubled its position, FMR added 41%, and BofA's own asset management added 40.1% in the latest filing. Short interest stands at 76.3% of TRF volume, reflecting heavy bearish positioning. The downgrade is a legitimate caution flag, but the combination of rising estimates, strong institutional buying, and a modest price target gap limits the bearish conviction.
Impact Score
Consensus & Targets
Out of 30 analysts covering SAIL, 8 rate it Strong Buy, 18 Buy, 3 Hold, 1 Sell, and 0 Strong Sell — a 87% Buy skew. The consensus is heavily bullish, making BofA's downgrade to Neutral a clear outlier.
Current price is $14.42. The mean price target is $19.10, median $19, high $25, and low $10. BofA's $16 target sits 16% below the mean, implying ~11% upside versus the market's ~32% upside expectation.
Recent Analyst Activity
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| 2026-06-12 | B of A Securities | downgrade | Neutral | $16.00 |
| 2026-06-10 | Barclays | maintain | Overweight | $19.00 |
| 2026-06-10 | RBC Capital | maintain | Outperform | $19.00 |
| 2026-06-10 | Scotiabank | maintain | Sector Outperform | $19.00 |
| 2026-06-10 | Wells Fargo | maintain | Overweight | $19.00 |
| 2026-06-10 | Cantor Fitzgerald | reiterate | Overweight | $23.00 |
| 2026-06-09 | BTIG | reiterate | Buy | $18.00 |
| 2026-06-02 | Barclays | maintain | Overweight | $22.00 |
| 2026-05-21 | Wells Fargo | maintain | Overweight | $17.00 |
| 2026-05-21 | Roth Capital | initiate | Buy | $19.00 |
In the last 30 days, SAIL has seen 1 upgrade and 1 downgrade (this one). EPS revisions show the current quarter had 1 revision up and 0 down, next quarter had 1 revision up and 0 down, and the current year had 0 up and 1 down. Overall, near-term estimates are edging higher.
Firm Track Record — B of A Securities
B of A Securities accuracy: 54% on 3282 calls | avg return: 5.1%
Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 10 firms with ≥5 scored calls.
| Firm | Accuracy | Calls | Avg Return | vs Average |
|---|---|---|---|---|
| Jefferies | 50% | 1/2 | 7.7% | below average |
| BMO Capital | 33% | 1/3 | -0.5% | below average |
| Morgan Stanley | 33% | 1/3 | 4.2% | below average |
| Wells Fargo | 33% | 1/3 | 2.3% | below average |
| Barclays | 25% | 1/4 | -4.8% | below average |
| Mizuho | 17% | 1/6 | -7.7% | below average |
| BTIG | 0% | 0/2 | -4.8% | below average |
| Scotiabank | 0% | 0/2 | -17.4% | below average |
| RBC Capital | 0% | 0/2 | -3.9% | below average |
| JP Morgan | 0% | 0/3 | -3.8% | below average |
BofA Securities has a 54% accuracy rate on 3,282 scored calls with a 5.1% average return. Among firms covering SAIL with sufficient data, Jefferies (50% on 2 calls), BMO Capital (33% on 3), and Morgan Stanley (33% on 3) are below average. Several firms such as JP Morgan and RBC Capital have 0% accuracy on small samples, making BofA relatively more credible.
Earnings Estimates
| Period | EPS Est. | EPS Range | Revenue | Revisions (7d) |
|---|---|---|---|---|
| 0y | $0.32 | $0.29 — $0.34 | $1.3B | ↑0 ↓0 |
| 0q | $0.08 | $0.07 — $0.08 | $310.1M | ↑1 ↓0 |
| +1q | $0.08 | $0.08 — $0.09 | $329.4M | ↑1 ↓0 |
| +1y | $0.39 | $0.35 — $0.45 | $1.5B | ↑1 ↓0 |
Cross-Platform Signals
Insider trades: four insiders sold on April 9 (totaling ~$1.8M) and Mitra sold $150k on June 1 — all sells align with the downgrade. Institutional activity: Morgan Stanley doubled its position (+157%), Invesco added 44%, FMR added 41%, and BofA's own asset management added 40.1% — strong buys diverge from the research call. Short interest is 76.3% of TRF volume, indicating elevated bearish positioning. The convergence of insider sales and short interest with the downgrade is offset by heavy institutional accumulation.
Actionable Insight
The double downgrade from a moderately accurate firm is a contrarian signal, but near-term EPS revisions are rising and institutions are aggressively buying — including BofA's own funds. Traders should treat the downgrade with caution and wait for additional analyst moves or earnings confirmation before committing to a bearish stance.
Documents Analyzed
Report based on filing metadata.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 12, 2026
2d ago
|
ANALYST-DOWNGRADE
| $14.40 awaiting T+5 | awaiting T+5 | — | $14.62 (−1.56%) |
|
Jun 11, 2026
3d ago
|
Institutional Cluster
| $14.71 awaiting T+5 | awaiting T+5 | — | $14.62 (−0.61%) |
|
Jun 9, 2026
5d ago
|
8-K
| $15.21 awaiting T+5 | awaiting T+5 | — | $14.62 (−3.88%) |
|
Jun 9, 2026
5d ago
|
Press Release
| $17.69 awaiting T+5 | awaiting T+5 | — | $14.62 (−17.33%) |
|
May 29, 2026
17d ago
|
ANALYST-UPGRADE
| $20.98 $20.66 | ▼ −1.53% | ▼ −3.09% | $14.62 (−30.31%) |
|
May 25, 2026
20d ago
|
ANALYST-UPGRADE
| $15.01 $16.55 | ▲ +10.26% | ▲ +8.66% | $14.62 (−2.60%) |
|
May 8, 2026
5w ago
|
8-K
| $11.77 $14.59 | ▲ +23.96% | ▲ +24.04% | $14.62 (+24.21%) |
|
Apr 28, 2026
6w ago
|
ANALYST-UPGRADE
| $11.57 $12.15 | ▲ +5.01% | ▲ +1.90% | $14.62 (+26.36%) |
|
Apr 24, 2026
7w ago
|
DEFA14A
| $11.87 $12.15 | ▲ +2.36% | ▲ +1.96% | $14.62 (+23.17%) |
|
Apr 8, 2026
9w ago
|
144
| $12.41 $11.76 | ▼ −5.24% | ▼ −8.75% | $14.62 (+17.81%) |
US Market Status
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