Hudson Bay Capital Management LP Cuts Position in SailPoint, Inc. $SAIL

Hudson Bay Capital Management LP reduced its stake in shares of SailPoint, Inc. (NASDAQ:SAIL) by 80.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 207,995 shares of the company’s stock after selling 857,722 shares during the quarter. Hudson Bay Capital Management LP’s holdings in SailPoint were worth $4,755,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in SAIL. Loomis Sayles & Co. L P purchased a new position in SailPoint in the second quarter valued at about $42,000. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of SailPoint in the 1st quarter valued at about $49,000. Amalgamated Bank purchased a new position in shares of SailPoint in the 2nd quarter worth approximately $71,000. BNP Paribas Financial Markets bought a new position in shares of SailPoint during the 2nd quarter worth approximately $79,000. Finally, Quarry LP purchased a new stake in SailPoint during the first quarter valued at approximately $70,000.

Insider Transactions at SailPoint

In other SailPoint news, insider Abby Payne sold 31,481 shares of the stock in a transaction dated Thursday, October 9th. The stock was sold at an average price of $22.42, for a total transaction of $705,804.02. Following the sale, the insider directly owned 702,683 shares of the company’s stock, valued at approximately $15,754,152.86. This trade represents a 4.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ronald J. Green sold 8,450 shares of SailPoint stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $21.84, for a total value of $184,548.00. Following the transaction, the director owned 35,211 shares of the company’s stock, valued at $769,008.24. The trade was a 19.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,026,454 shares of company stock valued at $23,056,195.

SailPoint Stock Down 1.9%

Shares of NASDAQ:SAIL opened at $20.64 on Tuesday. SailPoint, Inc. has a 52-week low of $15.05 and a 52-week high of $26.35. The stock has a market cap of $11.59 billion and a price-to-earnings ratio of -4.31. The business has a 50-day moving average price of $20.58 and a 200-day moving average price of $20.96.

SailPoint (NASDAQ:SAIL) last issued its earnings results on Tuesday, December 9th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. SailPoint had a positive return on equity of 0.16% and a negative net margin of 30.87%.The firm had revenue of $281.94 million for the quarter, compared to analyst estimates of $270.35 million. The company’s quarterly revenue was up 19.8% on a year-over-year basis. SailPoint has set its FY 2026 guidance at 0.220-0.230 EPS and its Q4 2026 guidance at 0.080-0.09 EPS.

Analyst Ratings Changes

Several research firms have issued reports on SAIL. Berenberg Bank initiated coverage on shares of SailPoint in a report on Tuesday, November 18th. They issued a “buy” rating and a $31.70 price target on the stock. Morgan Stanley raised SailPoint from an “equal weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a research report on Tuesday, September 2nd. Weiss Ratings reiterated a “sell (d)” rating on shares of SailPoint in a research note on Monday, December 8th. BTIG Research reissued a “buy” rating and issued a $29.00 price target on shares of SailPoint in a report on Tuesday, September 30th. Finally, BMO Capital Markets restated an “outperform” rating on shares of SailPoint in a report on Thursday. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, SailPoint currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.15.

About SailPoint

SailPoint, Inc delivers solutions to enable comprehensive identity security for the enterprise. Its solutions enable organizations to establish, control, and automate policies that help them define and maintain a robust security posture and achieve regulatory compliance. The company was founded by Mark David McClain in 2005 and is headquartered in Austin, TX.