NEW YORK, Jan 2, 2026, 15:10 ET — Regular session
- SailPoint shares were down about 6.5% in afternoon trading, underperforming several cybersecurity peers.
- The slide came as investors started 2026 with a cautious tone toward growth stocks amid rate and data uncertainty.
- Traders are watching key technical levels near $20 and the company’s next quarterly update later this quarter.
Shares of SailPoint, Inc. fell about 6.5% on Friday, giving the identity security software maker one of the sharpest declines among mid-cap cybersecurity stocks.
The drop matters because investors are opening the new year reassessing risk after 2025’s strong run, with attention shifting back to valuations and the interest-rate outlook that tends to drive high-growth software. Reuters
“Stocks trade expensive on 18 of 20 measures,” said Savita Subramanian, Bank of America’s equity and quant strategist, in a note, as investors looked ahead to next week’s labor-market data for clues on the Federal Reserve’s next steps. Reuters
SailPoint was trading at $18.91 after touching a session low of $18.81. The stock opened at $20.46 after closing at $20.23 on Thursday.
The selling was broader than one name. Okta was down about 3%, CyberArk fell about 2.6% and CrowdStrike slid roughly 3.5% in the same window.
The broader tape was mixed, with blue-chip shares firmer while tech lagged — a setup that often pressures smaller, higher-multiple software names.
SailPoint sells identity security software that helps companies manage and secure access to applications and data — essentially controlling “who can access what” across sprawling corporate systems. SEC
The company returned to public markets in February 2025 after private-equity firm Thoma Bravo took it private in 2022, in a deal valued at about $6.12 billion. Reuters
In its most recent quarterly update, SailPoint reported annual recurring revenue, or ARR — a subscription metric that annualizes contracted recurring revenue — rose 28% year over year to $1.04 billion, while revenue climbed 20% to $282 million. SEC
SailPoint also raised its fiscal 2026 outlook in that report, forecasting total revenue of $1.067 billion to $1.071 billion and adjusted earnings per share of $0.22 to $0.23. It guided for fourth-quarter revenue of $290 million to $294 million and adjusted EPS of $0.08 to $0.09. SEC
With SailPoint’s fiscal year ending Jan. 31, investors are focusing on whether subscription growth and cash generation stay on track heading into the next earnings update. Market data providers list late-March dates for the next report. Finbox
For traders, the $20 area has become a near-term reference point after Friday’s slide, while the day’s low near $18.80 is the next level to watch if selling pressure persists.
