Sailpoint stock price continues to consolidate between $62

SailPoint stock price continues to consolidate between $62 and $65, forming a bullish flag pattern on charts. Traders suggest a break above $65.50 could trigger momentum buying, given strong fundamentals in enterprise access management demand. Find out about the key risks to this SailPoint narrative. The company's valuation ahead of its IPO stood at $12.6 billion. The stock closed its first day of trading at $22 per share, and the stock hit a closing high of $25.70 on Feb. 16. Today, after the earnings day slide, SailPoint's market cap stands at $11.9 billion. SailPoint stock price climbed to $66 in intraday highs before pulling back, as profit-taking emerged among short-term holders. Industry data indicates rising demand for zero-trust security models, a core driver for SailPoint’s product roadmap.