SailPoint (SAIL)


Market Price (10/23/2026): $20.94 | Market Cap: $12.0 BilSector: Information Technology | Industry: Systems Software

SailPoint (SAIL)


Market Price (10/23/2026): $20.94
Market Cap: $12.0 Bil
Sector: Information Technology
Industry: Systems Software

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Weak multi-year price returns
2Y Excs Rtn is -40%, 3Y Excs Rtn is -84%

Key risks
SAIL key risks include [1] intense competition within the dynamic identity security market and [2] the need for continuous innovation to address rapidly evolving cyber threats and maintain market leadership.

0 Weak multi-year price returns
2Y Excs Rtn is -40%, 3Y Excs Rtn is -84%
1 Key risks
SAIL key risks include [1] intense competition within the dynamic identity security market and [2] the need for continuous innovation to address rapidly evolving cyber threats and maintain market leadership.

SAIL in ETFs

Weight = SAIL's share of each fund

VTI0.00%
ITOT0.00%
IWB0.00%
VB0.02%
DFAS0.05%
VBK0.05%
SCHM0.03%
ONEQ0.03%
+9 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 10/21/2026

SailPoint (SAIL) stock has gained about 35% since 6/30/2026 because of the following key factors:

1. SailPoint reported strong fiscal Q2 2027 earnings and provided a positive outlook. The company announced its fiscal Q2 2027 (which ended July 31, 2026) results on September 9, 2026, with earnings per share (EPS) of $0.09, surpassing the consensus estimate of $0.08 by 12.50%. Additionally, SailPoint achieved 17% year-over-year revenue growth, reaching $308.81 million. These results were bolstered by previous milestones, including surpassing $1 billion in Annual Recurring Revenue (ARR) in fiscal Q3 2026 (ended October 31, 2025) and a 38% year-over-year growth in SaaS ARR.

2. The company demonstrated significant strategic advancements in AI-driven identity security. At its Navigate 2026 conference in October 2026, SailPoint unveiled new capabilities focusing on its evolution into a real-time identity security platform that secures human, non-human, and AI agents. Key announcements included the introduction of SailPoint Autonomous Agents and Autonomous Identity Security Posture Management (A-ISPM), alongside expanded functionalities for SailPoint Agentic Fabric and Human Fabric, offering enhanced real-time authorization and just-in-time access. This strategic focus on securing the emerging AI landscape garnered positive analyst attention.

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Updated on 10/21/2026

SailPoint (SAIL) stock has gained about 35% since 6/30/2026 because of the following key factors:

1. SailPoint reported strong fiscal Q2 2027 earnings and provided a positive outlook. The company announced its fiscal Q2 2027 (which ended July 31, 2026) results on September 9, 2026, with earnings per share (EPS) of $0.09, surpassing the consensus estimate of $0.08 by 12.50%. Additionally, SailPoint achieved 17% year-over-year revenue growth, reaching $308.81 million. These results were bolstered by previous milestones, including surpassing $1 billion in Annual Recurring Revenue (ARR) in fiscal Q3 2026 (ended October 31, 2025) and a 38% year-over-year growth in SaaS ARR.

2. The company demonstrated significant strategic advancements in AI-driven identity security. At its Navigate 2026 conference in October 2026, SailPoint unveiled new capabilities focusing on its evolution into a real-time identity security platform that secures human, non-human, and AI agents. Key announcements included the introduction of SailPoint Autonomous Agents and Autonomous Identity Security Posture Management (A-ISPM), alongside expanded functionalities for SailPoint Agentic Fabric and Human Fabric, offering enhanced real-time authorization and just-in-time access. This strategic focus on securing the emerging AI landscape garnered positive analyst attention.

3. Numerous analysts issued bullish upgrades and raised price targets for SailPoint. Following the fiscal Q2 2027 results and the strategic announcements at Navigate 2026, several research firms upgraded SailPoint's stock or significantly increased their price targets. Oppenheimer initiated coverage with an "Outperform" rating and a $30 price target on October 7, 2026. On October 12, 2026, Stephens raised its price target to $26 from $22, maintaining an "Overweight" rating and citing the company's strong execution. Other firms, including Cantor Fitzgerald ($27), Truist ($27), Baird ($25), and Scotiabank ($24), also increased their price targets.

4. SailPoint completed the strategic acquisition of Entro Security. On June 29, 2026, just prior to the specified period, SailPoint finalized the acquisition of Entro Security for approximately $122.6 million in cash. This acquisition was critical for bolstering SailPoint's capabilities in securing machine credentials and expanding its offerings in agentic identity security, directly supporting its broader strategy in the AI identity security domain.

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Stock Movement Drivers

Fundamental Drivers

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Market Drivers

6/30/2026 to 10/22/2026
ReturnCorrelation
SAIL37.0% 
Market (SPY)2.3%18.6%
Sector (XLK)-4.3%4.3%

Fundamental Drivers

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Market Drivers

3/31/2026 to 10/22/2026
ReturnCorrelation
SAIL51.5% 
Market (SPY)17.8%17.6%
Sector (XLK)37.4%13.7%

Fundamental Drivers

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Market Drivers

9/30/2025 to 10/22/2026
ReturnCorrelation
SAIL-9.1% 
Market (SPY)15.6%30.1%
Sector (XLK)29.9%25.1%

Fundamental Drivers

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Market Drivers

9/30/2023 to 10/22/2026
ReturnCorrelation
SAIL  
Market (SPY)84.8%40.3%
Sector (XLK)126.4%36.7%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
SAIL Return-----8%-3%-11%
Peers Return23%-23%36%25%20%26%146%
S&P 500 Return27%-19%24%23%16%12%104%

Monthly Win Rates [3]
SAIL Win Rate----45%30% 
Peers Win Rate65%33%60%58%44%52% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
SAIL Max Drawdown------48% 
Peers Max Drawdown-19%-41%-19%-21%-31%-38% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: OKTA, MSFT, ORCL, IBM. See SAIL Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/22/2026 (YTD)

About SailPoint (SAIL)

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SailPoint Technologies Holdings, Inc. (SAIL) is a leading provider of enterprise identity security solutions. The company's core business involves helping organizations manage and secure user access to systems, applications, and data across diverse and hybrid information technology environments. This includes everything from on-premises infrastructure to cloud services, mobile applications, and file storage platforms. SailPoint's solutions deliver essential visibility and intelligence, allowing businesses to empower their workforce while meticulously controlling and securing their digital access rights.

To achieve this, SailPoint offers both Software as a Service (SaaS) and on-premises software platforms. Key products include IdentityNow, which is a cloud-based, multi-tenant identity security platform. For clients requiring an on-premises deployment, SailPoint provides IdentityIQ. The company also offers SailPoint Identity Services, another multi-tenant SaaS subscription service, further expanding its cloud-native capabilities. These platforms are designed to provide comprehensive identity governance and administration, ensuring secure and compliant access for all users.

SailPoint serves a wide range of organizations that require stringent identity management and security. Its primary customers include commercial enterprises, financial institutions, and governments across the globe. The company has a significant international presence, operating in the United States, Europe, the Middle East, Africa, and other international markets. SailPoint distributes its products and solutions directly to customers, and also leverages a robust network of system integrators, technology partners, and value-added resellers.

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AI Analysis | Feedback

Here are a couple of analogies for SailPoint:

  • Workday for digital access permissions. Just as Workday helps companies manage their employee data, HR, and payroll, SailPoint helps them manage who can access what software, data, and systems across their entire digital environment.
  • The Palo Alto Networks of enterprise identity security. Similar to how Palo Alto Networks secures a company's network and cloud infrastructure, SailPoint specializes in securing and governing who has access to digital resources based on their identity.

AI Analysis | Feedback

  • IdentityNow: A cloud-based multi-tenant identity security platform.
  • IdentityIQ: An on-premises identity security solution.
  • SailPoint Identity Services: A multi-tenant SaaS subscription service.

AI Analysis | Feedback

SailPoint (SAIL) primarily sells its enterprise identity security solutions to other organizations rather than individuals.

Based on the provided company description, SailPoint's major customer categories include:

  • Commercial enterprises
  • Financial institutions
  • Governments

The company distributes its products and solutions directly, as well as through system integrators, technology partners, and value-added resellers.

Specific names of major customer companies and their public symbols are not disclosed in the provided background information.

AI Analysis | Feedback

  • Amazon.com, Inc. (AMZN)

AI Analysis | Feedback

Mark McClain, Chief Executive Officer & Founder

Mark McClain co-founded SailPoint in 2005 and has over 20 years of experience in the identity management market. Prior to SailPoint, he founded Waveset Technologies in 2000, which experienced rapid growth and was subsequently acquired by Sun Microsystems in 2003. Following the acquisition, McClain served as Vice President of Software Marketing for Sun. He also serves as an operating adviser for Elsewhere Partners, a growth-stage venture capital firm.

Brian Carolan, Chief Financial Officer

Brian Carolan has played a significant role in SailPoint's financial strategy, particularly during its private ownership phase under Thoma Bravo. His efforts included transforming the finance function, overhauling the ERP system, and shifting to a SaaS business model, which prepared the company for its return to public markets. He also has experience scaling a company from $50 million to $800 million at Commvault and began his career in investment banking at EY.

Matt Mills, President

Matt Mills brings over 30 years of experience to his role, overseeing all revenue-connected and customer-success aspects of the business. Before joining SailPoint, he spent more than 20 years at Oracle, where he served as Senior Vice President of North America Sales, managing over 8,000 employees and $4.5 billion in annual revenues. Mills also held the position of CEO at MapR Technologies until 2018 and currently serves as a board advisor to early-stage SaaS companies.

Meredith Blanchar, Chief Customer Officer

Meredith Blanchar leads SailPoint's mission to deliver world-class customer success and support. She has an extensive leadership background in customer success, having previously managed customer success at CallidusCloud, a global leader in sales performance management. Blanchar has been with SailPoint for nearly seven years before her appointment as Chief Customer Officer in February 2022.

Chandra Gnanasambandam, EVP Product and CTO

Chandra Gnanasambandam serves as SailPoint's Executive Vice President of Product and Chief Technology Officer, overseeing the company's product strategy and technological direction.

AI Analysis | Feedback

The key risks to SailPoint's business include:
  • Intense Market Competition: SailPoint operates in a highly competitive Identity and Access Management (IAM) market, facing significant pressure from major players such as Okta, Microsoft (Azure Active Directory/Entra ID), IBM Security, Saviynt, Ping Identity, ForgeRock, and CyberArk. This necessitates continuous innovation and strategic differentiation to maintain its market position.
  • Technological Disruption and Rapid Advancements: The fast pace of technological change, particularly in areas like Artificial Intelligence (AI), machine learning, and cloud computing, poses a constant risk of technological obsolescence. SailPoint must continually invest in research and development to integrate new technologies and enhance its platform to remain competitive and address evolving cyber threats.
  • Evolving Regulatory Landscape and Compliance: SailPoint faces ongoing challenges due to the ever-changing landscape of data privacy regulations and industry standards globally, such as GDPR and CCPA. The company must continuously adapt its products and ensure compliance with these complex requirements to avoid penalties, maintain customer trust, and support clients' regulatory adherence.

AI Analysis | Feedback

Major cloud service providers (such as Microsoft, Amazon, and Google) continuously expanding and enhancing their native identity and access management (IAM) and governance offerings (e.g., Microsoft Azure AD Identity Governance, AWS IAM Identity Center). As these platforms become more comprehensive and deeply integrated into their broader cloud ecosystems, they could reduce the need for specialized third-party identity security solutions like SailPoint, particularly for organizations heavily invested in a single cloud provider.

AI Analysis | Feedback

SailPoint (NYSE: SAIL) operates within the substantial and growing markets of Identity and Access Management (IAM) and Identity Governance and Administration (IGA).

SailPoint estimates its total addressable market to be approximately $55 billion in 2024 globally, with potential for further expansion into machine identities and the AI agent market.

The broader global Identity and Access Management (IAM) market, which encompasses SailPoint's offerings, was valued at approximately $22.27 billion in 2025. This market is projected to grow to around $77.92 billion by 2034, demonstrating a compound annual growth rate (CAGR) of 15.10% during the forecast period. Other estimates place the global IAM market at $22.99 billion in 2025, expanding to approximately $65.70 billion by 2034 with a CAGR of 12.40%. North America is a significant contributor to this market, holding a 40.30% share in 2025.

Specifically, the global Identity Governance and Administration (IGA) market, where SailPoint specializes, was valued at $9.29 billion in 2025. This segment is projected to grow from $10.7 billion in 2026 to an estimated $33.1 billion by 2034, at a CAGR of 15.16%. North America leads the IGA market with an approximate 35% market share.

AI Analysis | Feedback

SailPoint (SAIL) is expected to drive future revenue growth over the next 2-3 years through several key initiatives:

  1. Accelerated SaaS and Cloud Adoption: SailPoint anticipates significant revenue growth from the continued adoption of its Software-as-a-Service (SaaS) offerings and the migration of existing on-premises customers to its cloud-based Identity Security Cloud. The company has observed strong growth in its SaaS Annual Recurring Revenue (ARR) and expects this trend to be a major tailwind.
  2. Product Innovation with a Focus on AI and Machine Identity Security: SailPoint is heavily investing in and launching new AI-driven capabilities to automate and optimize identity security processes, with Agentic AI tools expected for general availability in the first half of 2025. Additionally, the introduction of Machine Identity Security in October 2024 and AI Machine Identity Discovery in April 2025 are crucial for addressing the increasing number and security risks of non-human identities. The company is also expanding its Identity Security Cloud with new suites, specialized modules, and enhanced application integrations.
  3. Expansion into New Customer Segments and Geographical Markets: SailPoint is broadening its market reach by targeting smaller enterprises through its expanded Managed Service Provider (MSP) program, initiated in 2024 and enhanced in 2025. Furthermore, the company is pursuing global expansion, notably launching its first SaaS instance in the Middle East in May 2025 to cater to regional demand for data sovereignty and regulatory compliance.
  4. Customer Acquisition and Expansion within Existing Accounts: The company's growth strategy includes acquiring new enterprise clients and increasing revenue from its current customer base. This involves upselling additional modules and expanding identity coverage within existing organizations to drive further adoption of SailPoint's comprehensive identity security solutions.

AI Analysis | Feedback

Share Repurchases

  • Prior to its acquisition by Thoma Bravo in August 2022, SailPoint did not disclose any significant share repurchase programs.
  • As of the company's re-IPO in February 2025, there have been no public announcements regarding authorized or executed share repurchase programs.

Share Issuance

  • In February 2025, SailPoint completed an upsized initial public offering (IPO) where it issued 57.5 million shares of common stock at $23.00 per share, raising $1.32 billion for the company.
  • In the same February 2025 IPO, certain existing stockholders sold an additional 2.5 million shares, bringing the total amount raised in the offering to $1.38 billion.
  • SailPoint intends to use the net proceeds from its 2025 IPO to repay a portion of its term loan, settle outstanding equity awards, pay fees to Thoma Bravo, and for general corporate purposes, including working capital and capital expenditures.

Inbound Investments

  • In August 2022, SailPoint was acquired by Thoma Bravo, a private equity firm, in an all-cash transaction valued at approximately $6.9 billion.
  • In December 2024, Thoma Bravo invested an additional $600.0 million in SailPoint through the issuance of Class A and Class B Units.

Outbound Investments

  • In February 2021, SailPoint acquired Intello, an early-stage SaaS security management company.
  • In January 2023, SailPoint acquired SecZetta, a third-party identity risk provider, for $58.2 million.
  • In October 2023, SailPoint acquired privileged access management vendor Osirium for $8.2 million.
  • In December 2024, SailPoint acquired Imprivata's identity governance and administration unit for $10.7 million, with potential earnouts of up to $7.4 million.

Capital Expenditures

  • SailPoint's capital expenditures were $4.1 million in 2021.
  • As of the last 12 months ending August 2025, SailPoint's capital expenditure was $3.99 million.
  • The company plans to use a portion of the net proceeds from its February 2025 IPO for capital expenditures.

Peer Outperformance in Systems Software

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Share of Systems Software constituents that SAIL has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
51%
of 86 industry peers · -8.8% return
3Y
—
insufficient peer history
5Y
—
insufficient peer history
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Median price return by industry across the Information Technology sector, ranked by 5Y. Systems Software is SAIL's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Electronic Manufacturing Services 10 28.0%131.9%209.6% FLEX 459% · TTMI 450% · JBL 341%
Technology Distributors 9 42.9%86.4%81.7% AVT 165% · SNX 151% · CNXN 115%
Communications Equipment 36 2.6%107.5%68.2% AAOI 808% · LITE 795% · ANET 601%
Semiconductor Materials & Equipment 28 45.4%65.1%60.7% AXTI 504% · KLAC 352% · LRCX 335%
Electronic Components 26 -0.7%67.4%39.5% CLS 2780% · BELFA 1108% · APH 285%
Semiconductors 54 4.2%34.9%26.6% MU 1199% · NVDA 838% · AVGO 585%
Technology Hardware, Storage & Peripherals 21 17.3%76.1%21.4% SMCI 855% · DELL 765% · STX 748%
Electronic Equipment & Instruments 27 -13.5%26.9%-7.5% PI 196% · OSIS 111% · CXT 78%
Internet Services & Infrastructure 6 4.3%53.0%-8.8% GDDY 65% · VRSN 42% · DOCN -2%
IT Consulting & Other Services 29 -20.8%4.1%-19.2% CHRN 406742% · APLD 315% · ADEA 151%
Application Software 126 -19.1%-8.3%-44.4% PLTR 703% · FROG 166% · AGYS 132%
Systems Software ← 69 -10.8%35.0%-53.8% ZETA 310% · CRWD 236% · FTNT 158%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

SAILOKTAMSFTORCLIBMMedian
NameSailPointOkta MicrosoftOracle Internat. 
Mkt Price19.99201.49518.45124.85248.99201.49
Mkt Cap-35.13,850.0-235.1235.1
Rev LTM-3,073331,839-69,87069,870
Op Inc LTM-236155,237-12,80812,808
FCF LTM-95966,987-14,01814,018
FCF 3Y Avg-80170,890-12,58712,587
CFO LTM-987182,935-15,83115,831
CFO 3Y Avg-825145,882-14,29714,297

Growth & Margins

SAILOKTAMSFTORCLIBMMedian
NameSailPointOkta MicrosoftOracle Internat. 
Rev Chg LTM-11.2%17.8%-6.8%11.2%
Rev Chg 3Y Avg-14.2%16.1%-4.5%14.2%
Rev Chg Q-10.6%17.7%-4.7%10.6%
QoQ Delta Rev Chg LTM-2.6%4.3%-1.1%2.6%
Op Inc Chg LTM-184.3%20.8%-10.9%20.8%
Op Inc Chg 3Y Avg-128.2%20.6%-11.5%20.6%
Op Mgn LTM-7.7%46.8%-18.3%18.3%
Op Mgn 3Y Avg-0.5%45.7%-17.2%17.2%
QoQ Delta Op Mgn LTM-2.0%-0.0%--0.1%-0.0%
CFO/Rev LTM-32.1%55.1%-22.7%32.1%
CFO/Rev 3Y Avg-29.6%50.6%-21.7%29.6%
FCF/Rev LTM-31.2%20.2%-20.1%20.2%
FCF/Rev 3Y Avg-28.8%25.3%-19.1%25.3%

Valuation

SAILOKTAMSFTORCLIBMMedian
NameSailPointOkta MicrosoftOracle Internat. 
Mkt Cap-35.13,850.0-235.1235.1
P/S-11.411.6-3.411.4
P/Op Inc-148.824.8-18.424.8
P/EBIT-107.422.8-18.922.8
P/E-118.628.8-21.128.8
P/CFO-35.621.0-14.921.0
Total Yield-0.8%4.1%-7.4%4.1%
Dividend Yield-0.0%0.7%-2.7%0.7%
FCF Yield 3Y Avg-4.2%2.2%-5.7%4.2%
D/E-0.00.0-0.30.0
Net D/E--0.1-0.0-0.2-0.0

Returns

SAILOKTAMSFTORCLIBMMedian
NameSailPointOkta MicrosoftOracle Internat. 
1M Rtn-6.5%2.5%4.1%-16.0%7.6%2.5%
3M Rtn39.6%48.0%36.1%4.4%21.4%36.1%
6M Rtn72.2%165.0%25.2%-28.7%9.3%25.2%
12M Rtn-9.1%131.5%0.4%-53.6%-11.1%-9.1%
3Y Rtn-9.1%190.2%61.1%24.8%100.3%61.1%
1M Excs Rtn-6.0%-1.3%4.2%-12.7%7.6%-1.3%
3M Excs Rtn30.4%42.1%32.8%5.7%13.8%30.4%
6M Excs Rtn64.5%157.2%17.5%-36.4%1.7%17.5%
12M Excs Rtn-25.5%111.5%-12.7%-67.7%-23.0%-23.0%
3Y Excs Rtn-84.0%58.6%-15.0%-56.1%20.4%-15.0%

Comparison Analyses

Segment Financials

Revenue by Segment
$ Mil2026202520242022
Software as a service (SaaS)602445312119
Term subscriptions22917414471
Maintenance and support151154156142
Services and other61687753
Other subscription services2821117
Perpetual licenses   58
Total1,071862700450


Price Behavior

Price Behavior
Market Price$20.06 
First Trading Date11/17/2017 
Distance from 52W High-11.9% 
   50 Days200 Days
DMA Price$19.57$16.00
DMA Trendupindeterminate
Distance from DMA2.5%25.4%
 3M1YR
Volatility62.1%63.6%
Downside Capture54.64183.01
Upside Capture172.44132.32
Correlation (S&P 500)23.3%28.3%
SAIL Betas & Captures as of 9/30/2026

 1M2M3M6M1Y3Y
Beta0.181.491.090.961.490.07
Up Beta8.571.650.56-0.590.40-0.33
Down Beta5.764.281.641.272.160.17
Up Capture-115%173%198%199%181%47%
Bmk +ve Days6162766132424
Stock +ve Days11213466131206
Down Capture-159%4%4%113%145%100%
Bmk -ve Days16263760120328
Stock -ve Days11213059120196

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SAIL
SAIL-11.6%63.6%0.05-
Sector ETF (XLK)27.1%26.7%0.8623.5%
Equity (SPY)14.8%12.7%0.8028.2%
Gold (GLD)-2.2%28.4%-0.096.7%
Commodities (DBC)52.1%20.7%1.91-4.5%
Real Estate (VNQ)4.7%13.9%0.084.2%
Bitcoin (BTCUSD)-22.4%43.4%-0.4718.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SAIL
SAIL-1.8%61.2%0.14-
Sector ETF (XLK)19.6%26.0%0.6736.7%
Equity (SPY)13.0%17.1%0.5740.3%
Gold (GLD)17.1%18.9%0.721.2%
Commodities (DBC)9.3%19.5%0.363.0%
Real Estate (VNQ)1.1%18.9%-0.0520.5%
Bitcoin (BTCUSD)8.0%51.7%0.3320.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SAIL
SAIL-0.9%61.2%0.14-
Sector ETF (XLK)23.9%25.1%0.8636.7%
Equity (SPY)15.4%17.9%0.7340.3%
Gold (GLD)11.9%16.4%0.591.2%
Commodities (DBC)8.3%18.1%0.373.0%
Real Estate (VNQ)5.2%20.7%0.2120.5%
Bitcoin (BTCUSD)63.0%66.2%1.0320.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date9302026
Short Interest: Shares Quantity26.2 Mil
Short Interest: % Change Since 915202626.6%
Average Daily Volume5.2 Mil
Days-to-Cover Short Interest5.0 days

Earnings Returns History

Updated 10/12/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
9/9/2026-1.2%12.3%10.1%
6/9/2026-11.5%-19.7%-16.1%
3/18/2026-15.2%-16.2%-20.5%
12/9/20255.7%6.3%-1.1%
9/9/2025-7.7%-3.1%-1.7%
3/26/2025-1.2%-16.1%-22.0%
SUMMARY STATS   
# Positive121
# Negative545
Median Positive5.7%9.3%10.1%
Median Negative-7.7%-16.2%-16.1%
Max Positive5.7%12.3%10.1%
Max Negative-15.2%-19.7%-22.0%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
9/9/2026-1.2%12.3%10.1%
6/9/2026-11.5%-19.7%-16.1%
3/18/2026-15.2%-16.2%-20.5%
12/9/20255.7%6.3%-1.1%
9/9/2025-7.7%-3.1%-1.7%
3/26/2025-1.2%-16.1%-22.0%
SUMMARY STATS   
# Positive121
# Negative545
Median Positive5.7%9.3%10.1%
Median Negative-7.7%-16.2%-16.1%
Max Positive5.7%12.3%10.1%
Max Negative-15.2%-19.7%-22.0%

SEC Filings

Expand for More
Report DateFiling DateFiling
07/31/202609/10/202610-Q
04/30/202606/10/202610-Q
01/31/202603/19/202610-K
10/31/202512/10/202510-Q
07/31/202509/10/202510-Q
04/30/202506/12/202510-Q
10/31/202402/14/2025424B4
01/31/202303/27/202510-K
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Report DateFiling DateFiling
07/31/202609/10/202610-Q
04/30/202606/10/202610-Q
01/31/202603/19/202610-K
10/31/202512/10/202510-Q
07/31/202509/10/202510-Q
04/30/202506/12/202510-Q
10/31/202402/14/2025424B4
01/31/202303/27/202510-K

Recent Forward Guidance

Updated 10/4/2026

Latest: Q2 2027 Earnings Reported 9/9/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q3 2027 Total ARRReported1.29 Bil1.29 Bil1.29 Bil5.7% Higher NewGuidance: 1.22 Bil for Q2 2027
Q3 2027 Total ARR YoY growth %Reported 24.0%    
Q3 2027 Adjusted income from operationsReported57.50 Mil58.00 Mil58.50 Mil   
Q3 2027 Total revenueReported326.00 Mil328.00 Mil330.00 Mil5.8% Higher NewGuidance: 310.00 Mil for Q2 2027
Q3 2027 Total revenue YoY growth %Reported16.0%16.5%17.0%   
Q3 2027 Adjusted operating margin %Reported17.4%17.65%17.9%   
Q3 2027 Adjusted earnings per share (Adjusted EPS)Reported0.070.080.080.0% Same NewGuidance: 0.08 for Q2 2027
2027 Total ARRReported1.38 Bil1.38 Bil1.39 Bil0.8% RaisedGuidance: 1.37 Bil for 2027
2027 Total ARR YoY growth %Reported22.0%22.5%23.0%   
2027 Adjusted income from operationsReported239.00 Mil241.50 Mil244.00 Mil   
2027 Total revenueReported1.26 Bil1.27 Bil1.27 Bil0.0% AffirmedGuidance: 1.27 Bil for 2027
2027 Total revenue YoY growth %Reported18.0%18.5%19.0%   
2027 Adjusted operating margin %Reported18.7%19.0%19.3%   
2027 Adjusted earnings per share (Adjusted EPS)Reported0.30.320.340.0% AffirmedGuidance: 0.32 for 2027
2029 AI-driven ARRReported800.00 Mil800.00 Mil    
2029 Annual Recurring Revenue (ARR)Reported2.10 Bil2.10 Bil    
2029 Adjusted operating marginReported22.0%22.0%    
2029 Free cash flowReported400.00 Mil400.00 Mil    

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Insider Activity

Updated 10/9/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Rezvan, MitraChief Accounting OfficerDirectSell1009202620.001,16823,3603,463,440Form
2McClain, Mark DChief Executive OfficerDirectSell1008202619.71115,3562,273,967155,229,287Form
3Rezvan, MitraChief Accounting OfficerDirectSell1008202619.714,49188,5293,436,688Form
4Carolan, BrianChief Financial OfficerDirectSell1008202619.7152,8221,041,25932,060,208Form
5Mills, MattPresidentDirectSell1008202619.7142,442836,64245,198,479Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Rezvan, MitraChief Accounting OfficerDirectSell1009202620.001,16823,3603,463,440Form
2McClain, Mark DChief Executive OfficerDirectSell1008202619.71115,3562,273,967155,229,287Form
3Rezvan, MitraChief Accounting OfficerDirectSell1008202619.714,49188,5293,436,688Form
4Carolan, BrianChief Financial OfficerDirectSell1008202619.7152,8221,041,25932,060,208Form
5Mills, MattPresidentDirectSell1008202619.7142,442836,64245,198,479Form
6Payne, AbbyChief People OfficerDirectSell1008202619.7121,027414,49716,795,186Form
7Gnanasambandam, ChandrasekarEVP Product & CTODirectSell1008202619.7122,609445,68217,718,108Form
8Schmitt, ChristopherGeneral Counsel and SecretaryDirectSell1008202619.7123,367460,62525,001,723Form
9McClain, Mark DChief Executive OfficerDirectSell1008202620.36103,8932,114,743162,636,076Form
10Rezvan, MitraChief Accounting OfficerDirectSell1008202620.362,59652,8423,640,132Form
11Carolan, BrianChief Financial OfficerDirectSell1008202620.3628,539580,91234,180,205Form
12Mills, MattPresidentDirectSell1008202620.3638,223778,03047,535,359Form
13Payne, AbbyChief People OfficerDirectSell1008202620.3618,936385,44217,770,508Form
14Gnanasambandam, ChandrasekarEVP Product & CTODirectSell1008202620.3613,078266,20318,755,727Form
15Schmitt, ChristopherGeneral Counsel and SecretaryDirectSell1008202620.3621,043428,33126,292,135Form
16Rezvan, MitraChief Accounting OfficerDirectSell814202620.001,21424,2803,628,540Form
17McClain, Mark DChief Executive OfficerDirectSell709202615.4293,2601,437,622124,768,625Form
18Carolan, BrianChief Financial OfficerDirectSell709202615.4246,002709,13026,325,184Form
19Rezvan, MitraChief Accounting OfficerDirectSell709202615.423,88159,8262,815,448Form
20Payne, AbbyChief People OfficerDirectSell709202615.4216,999262,04313,749,819Form
21Gnanasambandam, ChandrasekarEVP Product & CTODirectSell709202615.4219,540301,21314,405,628Form
22Mills, MattPresidentDirectSell709202615.4234,312528,92636,588,548Form
23Schmitt, ChristopherGeneral Counsel and SecretaryDirectSell709202615.4218,890291,19320,235,857Form
24McClain, Mark DChief Executive OfficerDirectSell709202616.29118,1941,925,191133,355,265Form
25Carolan, BrianChief Financial OfficerDirectSell709202616.2932,468528,85228,565,683Form
26Rezvan, MitraChief Accounting OfficerDirectSell709202616.292,95448,1163,038,148Form
27Payne, AbbyChief People OfficerDirectSell709202616.2921,542350,88514,805,582Form
28Gnanasambandam, ChandrasekarEVP Product & CTODirectSell709202616.2914,878242,33915,539,900Form
29Mills, MattPresidentDirectSell709202616.2943,485708,30139,219,996Form
30Schmitt, ChristopherGeneral Counsel and SecretaryDirectSell709202616.2923,940389,94421,689,811Form
31Rezvan, MitraChief Accounting OfficerDirectSell602202620.007,487149,7403,789,520Form
32Mills, MattPresidentDirectSell409202611.4634,171391,58628,091,340Form
33Payne, AbbyChief People OfficerDirectSell409202611.4616,930194,01110,663,251Form
34Schmitt, ChristopherGeneral Counsel and SecretaryDirectSell409202611.4618,813215,59015,534,102Form
35Gnanasambandam, ChandrasekarEVP Product & CTODirectSell409202611.4620,082230,13211,103,512Form
36McClain, Mark DChief Executive OfficerDirectSell409202611.4692,8741,064,29995,175,714Form
37Carolan, BrianChief Financial OfficerDirectSell409202611.4647,444543,68920,469,278Form
38Rezvan, MitraChief Accounting OfficerDirectSell409202611.463,47239,7872,257,103Form
39Mills, MattPresidentDirectSell409202612.8024,746316,76431,815,955Form
40Payne, AbbyChief People OfficerDirectSell409202612.8012,259156,92312,127,749Form
41Schmitt, ChristopherGeneral Counsel and SecretaryDirectSell409202612.8013,624174,39517,592,684Form
42Gnanasambandam, ChandrasekarEVP Product & CTODirectSell409202612.808,467108,38312,659,896Form
43McClain, Mark DChief Executive OfficerDirectSell409202612.8067,262860,994107,501,973Form
44Carolan, BrianChief Financial OfficerDirectSell409202612.8018,477236,51723,471,897Form
45Rezvan, MitraChief Accounting OfficerDirectSell409202612.801,68121,5182,565,688Form
46Mills, MattPresidentDirectSell409202612.7224,771315,13431,935,162Form
47Payne, AbbyChief People OfficerDirectSell409202612.7212,271156,11012,209,144Form
48Schmitt, ChristopherGeneral Counsel and SecretaryDirectSell409202612.7213,637173,48917,657,845Form
49Gnanasambandam, ChandrasekarEVP Product & CTODirectSell409202612.728,475107,81812,689,777Form
50McClain, Mark DChief Executive OfficerDirectSell409202612.7267,328856,540107,696,736Form
51Carolan, BrianChief Financial OfficerDirectSell409202612.7218,495235,29223,562,651Form
52Rezvan, MitraChief Accounting OfficerDirectSell409202612.721,68321,4112,571,300Form
53Green, Ronald JDirectSell1014202521.848,450184,539768,970Form
54Payne, AbbyChief People OfficerDirectSell1009202522.4231,481705,91115,756,542Form
55Mills, MattPresidentDirectSell1009202522.4261,2791,374,08442,699,939Form
56Gnanasambandam, ChandrasekarEVP Product & CTODirectSell1009202522.4227,174609,33311,908,619Form
57McClain, Mark DChief Executive OfficerDirectSell1009202522.42175,4253,933,625161,455,386Form
58Carolan, BrianChief Financial OfficerDirectSell1009202522.4284,6991,899,24029,971,744Form
59Schmitt, ChristopherGeneral Counsel and SecretaryDirectSell1009202522.4234,186766,56623,989,988Form
60Payne, AbbyChief People OfficerDirectSell1009202522.4526,560596,19616,479,892Form
61Mills, MattPresidentDirectSell1009202522.4551,7001,160,51744,120,693Form
62Gnanasambandam, ChandrasekarEVP Product & CTODirectSell1009202522.4512,911289,81512,531,205Form
63McClain, Mark DChief Executive OfficerDirectSell1009202522.45148,0033,322,244165,564,126Form
64Carolan, BrianChief Financial OfficerDirectSell1009202522.4536,899828,27731,904,720Form
65Schmitt, ChristopherGeneral Counsel and SecretaryDirectSell1009202522.4528,841647,39824,782,767Form
66Payne, AbbyChief People OfficerDirectSell1009202522.5526,031587,09417,157,090Form
67Mills, MattPresidentDirectSell1009202522.5550,6711,142,81545,496,017Form
68Gnanasambandam, ChandrasekarEVP Product & CTODirectSell1009202522.5512,654285,39312,881,831Form
69McClain, Mark DChief Executive OfficerDirectSell1009202522.55145,0583,271,584169,687,522Form
70Carolan, BrianChief Financial OfficerDirectSell1009202522.5536,165815,65232,888,278Form
71Schmitt, ChristopherGeneral Counsel and SecretaryDirectSell1009202522.5528,267637,52425,550,818Form

Investor Activity (13F)

Updated Oct 23, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Keenan Capital, LLC$56.7 Mil12.0%9ADD +2502.4%13F
Dragoneer Investment Group, LLC $105.9 Mil3.5%17Hold13F
Cypress Point Investment Management LP$7.0 Mil1.6%32ADD +90.9%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Keenan Capital, LLC$56.7 Mil12.0%9ADD +2502.4%13F
Cypress Point Investment Management LP$7.0 Mil1.6%32ADD +90.9%13F
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Dragoneer Investment Group, LLC $105.9 Mil3.5%17Hold13F
Keenan Capital, LLC$56.7 Mil12.0%9ADD +2502.4%13F
Cypress Point Investment Management LP$7.0 Mil1.6%32ADD +90.9%13F
Core Cache Last Updated: 10/22/2026