SailPoint stock drop ‘hard to explain’ after post-IPO earnings, CEO says

SailPoint (SAIL) is planning the training course for a large year, even if the market sees that day.

SailPoint Stock was volatile during on Wednesday, as investors digested the first profit report of the Cyber ​​Security Company since its launch in early February. The shares decreased up to 4 % to $ 20.94 in the afternoon trading, but it turned a little in the last hour of trading to close 1 % less.

“We are scratching our heads a little [on the market reaction]. “We hope to see something different here,” said the founder of SailPoint and CEO of Mark Mcalanin.

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The Cyber ​​Security Company recorded sales of $ 240 million, an increase of 18 % on an annual basis. The modified operating profits increased to $ 46 million from 28 million dollars in the previous year.

For the whole year, SailPoint led to sales of $ 1.025 billion to $ 1.035 billion. The street is designed for $ 1.02 billion. The modified profits per share are linked in a range of $ 0.14 to $ 0.18, before estimates of $ 0.09.

Malikin said that there was no slowdown in the request.

“This is the gift that maintains giving,” Malikin added. “Because when you are in the Internet world, … on one level, good men versus bad guys. The bad guys do not go away, they become stronger.”

SailPoint started trading on February 13 on the Nasdak Stock Exchange. The company has priced its first year (IPO) at the top of its target range from 21 to 23 dollars, raising $ 1.38 billion of revenues.

The company before the public subscription amounted to 12.6 billion dollars. The stock closed its first day of trading at $ 22 per share, and the stock recorded the highest level at $ 25.70 on February 16. Today, after the profit day segment, the maximum SailPoint market is $ 11.9 billion.

Identity Management Technology Company is not alien to public markets.

Thoma Bravo Public PubLIC on November 18, 2017, at the same time, was almost as the appearance of the SailPoint’s competitor semi -, OKTA (OKTA).

Thoma Bravo then took the private company in 2022 for $ 6.9 billion, or $ 65.25 per share.

SAILPOINT was the first major test of the technical public subscription market in 2025. He sent a strong market reception despite the volatile background of stocks in the first quarter of many other private companies to subscription subscriptions this month, including Etoro (etto.pvt), Stumbhub, and Coreove (Corw.pvt).