SailPoint's 15min chart indicates bearish trend with KDJ Death Cross and Bearish Marubozu

SailPoint's 15-minute chart has triggered a KDJ Death Cross and a bearish Marubozu at 08/29/2025 13:15, indicating a shift in the momentum of the stock price towards the downside. This suggests a potential for further decreases in the stock price, as sellers currently control the market. As such, the bearish momentum is likely to persist.

In the realm of cybersecurity, significant developments have unfolded in recent days. Among the notable events, CrowdStrike Holdings (CRWD) has seen its price target reduced ahead of its earnings report, while Verint Systems (VRNT) has been acquired by private equity firm Thoma Bravo. Additionally, Cloudflare (NET) has expanded its Zero Trust offerings, and Netskope is poised to list on the Nasdaq stock exchange.

CrowdStrike Stock Update

CrowdStrike, a prominent player in the cybersecurity sector, has faced a reduction in its price target by BMO Markets analyst Keith Bachman. The new target range is 460 to 500, reflecting concerns about potential second half fiscal 2026 guidance comments and the need for significant year-over-year growth in annual recurring revenue and revenues to move the shares higher [1]. The company is expected to report its second quarter earnings on Wednesday, with estimates indicating a 21% growth in earnings to 83 cents per share and a 19% increase in revenue to $1.150 billion [1].

Verint Systems Acquisition

Private equity firm Thoma Bravo has agreed to acquire Verint Systems in a $2 billion all-cash deal. The acquisition comes at a premium of 18% over Verint's 10-day volume weighted average share price up to June 25, 2025. This deal follows Thoma Bravo's recent acquisitions of Dayforce, Coupa Software, Anaplan, Everbridge, and other cybersecurity firms such as Proofpoint, SailPoint, Ping Identity, and ForgeRock [1].

Cloudflare and Zero Trust

Cloudflare has bolstered its Zero Trust platform by adding features that enable customers to automatically analyze and set controls on the use of generative artificial intelligence within their organizations. This enhancement underscores the increasing importance of Zero Trust cybersecurity models, which focus on internal threats such as hackers stealing security credentials [1].

Netskope's IPO Plans

Netskope, a rival to Palo Alto Networks (PANW) and Zscaler (ZS), is planning an initial public offering (IPO). The company offers services that combine network and security controls and is expected to list on the Nasdaq stock exchange [1].

Stock Market Movements

On the stock market today, CrowdStrike stock rose a fraction to 421.73, while Cloudflare stock dipped slightly to near 195. CrowdStrike's stock holds an Accumulation/Distribution Rating of E, indicating heavy selling, and a Composite Rating of 72 out of a best-possible 99 [1]. Cloudflare stock has advanced 74% in 2025 [1].

References

[1] https://www.investors.com/news/technology/crowdstrike-stock-price-target-cut-verint-acquired-netskope-ipo/