Principal Financial Group Inc. Sells 60,969 Shares of SailPoint, Inc. $SAIL

Principal Financial Group Inc. lowered its position in shares of SailPoint, Inc. (NASDAQ:SAIL) by 10.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 501,322 shares of the company’s stock after selling 60,969 shares during the quarter. Principal Financial Group Inc. owned about 0.09% of SailPoint worth $11,069,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SAIL. New York State Common Retirement Fund lifted its position in SailPoint by 26.4% during the 3rd quarter. New York State Common Retirement Fund now owns 31,600 shares of the company’s stock valued at $698,000 after acquiring an additional 6,600 shares during the period. one8zero8 LLC increased its stake in shares of SailPoint by 104.3% during the third quarter. one8zero8 LLC now owns 103,500 shares of the company’s stock valued at $2,285,000 after purchasing an additional 52,850 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of SailPoint by 49.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,760 shares of the company’s stock valued at $1,010,000 after purchasing an additional 15,049 shares during the last quarter. Truist Financial Corp boosted its position in shares of SailPoint by 51.1% in the 3rd quarter. Truist Financial Corp now owns 179,098 shares of the company’s stock worth $3,954,000 after purchasing an additional 60,536 shares in the last quarter. Finally, Pier 88 Investment Partners LLC bought a new stake in shares of SailPoint in the 3rd quarter worth approximately $601,000.

SailPoint Stock Up 0.3%

Shares of SAIL stock opened at $15.26 on Thursday. The company has a 50 day moving average price of $18.83 and a 200-day moving average price of $20.15. SailPoint, Inc. has a 52 week low of $13.72 and a 52 week high of $26.35. The firm has a market capitalization of $8.57 billion and a PE ratio of -3.19.

SailPoint (NASDAQ:SAIL) last issued its quarterly earnings data on Tuesday, December 9th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. SailPoint had a negative net margin of 30.87% and a positive return on equity of 0.16%. The company had revenue of $281.94 million for the quarter, compared to the consensus estimate of $270.35 million. The company’s revenue for the quarter 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.

Insider Activity at SailPoint

In other news, EVP Chandrasekar Gnanasambandam sold 4,245 shares of the company’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $19.57, for a total transaction of $83,074.65. Following the completion of the sale, the executive vice president owned 517,351 shares of the company’s stock, valued at $10,124,559.07. This represents a 0.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Mitra Rezvan sold 3,782 shares of the firm’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $19.57, for a total transaction of $74,013.74. Following the completion of the transaction, the chief accounting officer directly owned 119,109 shares in the company, valued at approximately $2,330,963.13. The trade was a 3.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 354,243 shares of company stock valued at $6,924,823 in the last 90 days. 2.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on SAIL shares. BTIG Research reiterated a “buy” rating and set a $29.00 price objective on shares of SailPoint in a research note on Thursday, January 8th. Cantor Fitzgerald restated an “overweight” rating on shares of SailPoint in a report on Wednesday, December 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of SailPoint in a research note on Monday, December 29th. Wolfe Research began coverage on shares of SailPoint in a research report on Monday, October 20th. They set an “outperform” rating and a $27.00 price objective on the stock. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of SailPoint in a report on Thursday, December 11th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $25.78.

SailPoint Company Profile

SailPoint Technologies Holdings, Inc (NASDAQ: SAIL) is a leading provider of enterprise identity governance solutions that enable organizations to manage and secure user access across on-premises, cloud and hybrid IT environments. Its software automates identity lifecycle management, access certifications, policy enforcement and privileged account governance, helping enterprises reduce security risks, maintain regulatory compliance and streamline IT operations. The company’s flagship offerings include IdentityIQ, a comprehensive on-premises platform, and IdentityNow, a cloud-native identity governance-as-a-service solution.

Founded in 2005 by industry veterans Mark McClain and Kevin Cunningham, SailPoint is headquartered in Austin, Texas.