NEW YORK, Jan 3, 2026, 20:51 ET — Market closed
- SailPoint shares closed down 6.3% on Friday at $18.95, underperforming a mixed U.S. tape.
- Peer identity and cybersecurity names also fell, keeping pressure on the group into the weekend.
- Traders now look to next week’s macro calendar and SailPoint’s next earnings update in early April.
SailPoint, Inc. shares fell 6.3% on Friday, ending the session at $18.95 and giving the identity-security software maker one of its sharpest daily drops in recent weeks, according to Investing.com market data.
The move mattered because investors opened 2026 with an uneven appetite for growth, even as the Dow finished higher and the Nasdaq ended roughly flat, a Reuters market report showed.
That backdrop tends to amplify swings in recently listed software names that trade on expectations of future subscription growth, rather than near-term profits. SailPoint also sits in a closely watched pocket of cybersecurity tied to identity access controls.
SailPoint opened Friday at $20.60 and traded as low as $18.81, with volume of about 3.79 million shares versus a three-month average of about 1.82 million, Investing.com data showed.
Other identity and cybersecurity peers declined in the same session. Okta closed down 3.27%, CrowdStrike fell 3.24%, CyberArk slipped 2.41% and Palo Alto Networks dropped 2.62%, according to Zacks data.
In broader markets, strategists pointed to short-term, fast-turn trading patterns. “Buy the dip, sell the rip,” said Joe Mazzola, head of trading & derivatives strategy at Charles Schwab, in the Reuters report.
SailPoint sells identity security software that helps companies manage and secure access to applications and data — essentially controlling who can access what across enterprise systems. Investors often track annual recurring revenue, or ARR, a metric that annualizes the value of subscription contracts under agreement.
In its most recent quarterly update, SailPoint said ARR rose 28% year over year to $1.04 billion and revenue increased 20% to $282 million for the quarter ended Oct. 31, according to a Dec. 9 SEC filing.
The company also raised its fiscal 2026 outlook in that filing, forecasting full-year revenue of $1.067 billion to $1.071 billion and adjusted earnings per share of $0.22 to $0.23. (Adjusted results are non-GAAP figures that exclude certain items such as stock-based compensation and other costs.)
At Friday’s close, SailPoint’s market capitalization stood at about $10.64 billion, Investing.com data showed — a level that leaves investors debating how much growth is already priced in for 2026.
Before Monday’s session, traders will also be watching technical reference points that emerged from Friday’s slide. The $20 area is a near-term level to reclaim, while $18.81 marks the latest session low; the stock’s 52-week range runs from $15.05 to $26.35, Investing.com showed.
Next week’s macro calendar could set the tone for rate-sensitive software stocks. The U.S. Labor Department’s schedule shows the Employment Situation report for December 2025 is due on Friday, Jan. 9 at 8:30 a.m. ET.
Investors are also looking ahead to the Federal Reserve’s next policy meeting on Jan. 27–28, according to the Fed’s published calendar.
On the company calendar, Investing.com lists SailPoint’s next earnings report date as April 1, with investors likely focused on whether ARR growth, SaaS ARR and cash generation hold up as the company approaches its fiscal year-end on Jan. 31.
