SailPoint, Inc.
In the published model solve dated 2026-Q2, anchored at $17.82, SailPoint, Inc. (SAIL) is priced for today's economics sustained for ~6.3 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 28, 2026 from SEC EDGAR filings.
- The trajectory is the story: total annualized recurring revenue reached about $1,040 million in the latest quarter, up 28% year over year, with SaaS ARR up 38% to roughly $669 million. The mix is shifting toward recurring SaaS, which is the higher-quality revenue. - At about $13.32 (June 28, 2026) the stock trades near 6.8x revenue, GAAP-unprofitable but already free-cash-flow positive, with about $391 million of net cash and no debt. The price inverts to roughly 22% revenue growth and a futur
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207 institutional managers reported holding SAIL in 13F filings for the quarter ended 2026-03-31. 53 opened new positions that quarter. Held by Dragoneer, Vanguard Group, Citadel Advisors, among others. On the short side, 16.5M shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (2.6 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
No open-market insider buys on file at SAIL over the trailing three years. Absence is a fact about the company, not a signal. 12 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
SAIL's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2025-09-11 | -11.5% | -7.9% |
| 2025-12-11 | +3.8% | -30.0% |
| 2026-03-20 | -16.2% | +28.5% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
SAIL's latest 8-K filings: 2026-06-12 (items 5.02); 2026-06-10 (items 5.07); 2026-06-09 (items 2.02, 9.01); 2026-05-08 (items 7.01); 2026-03-18 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.