SailPoint, Inc. $SAIL Shares Acquired by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC increased its holdings in SailPoint, Inc. (NASDAQ:SAIL) by 51.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,895,700 shares of the company’s stock after buying an additional 978,376 shares during the period. Stephens Investment Management Group LLC’s holdings in SailPoint were worth $38,339,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in SAIL. Palladiem LLC purchased a new position in SailPoint during the 4th quarter valued at about $42,000. Kestra Advisory Services LLC acquired a new stake in shares of SailPoint in the fourth quarter valued at approximately $42,000. State of Wyoming purchased a new position in shares of SailPoint during the 2nd quarter worth approximately $45,000. CWM LLC raised its position in shares of SailPoint by 315.6% during the 4th quarter. CWM LLC now owns 2,656 shares of the company’s stock worth $54,000 after purchasing an additional 2,017 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of SailPoint by 208.2% during the 4th quarter. Farther Finance Advisors LLC now owns 3,070 shares of the company’s stock worth $62,000 after purchasing an additional 2,074 shares during the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have commented on SAIL. Robert W. Baird lowered their target price on SailPoint from $26.00 to $22.00 and set an “outperform” rating on the stock in a report on Thursday, March 19th. Jefferies Financial Group cut SailPoint from a “buy” rating to a “buy” rating in a report on Wednesday, June 17th. BTIG Research restated a “buy” rating and issued a $18.00 price objective on shares of SailPoint in a research report on Tuesday, June 9th. Wolfe Research reaffirmed an “outperform” rating and set a $18.00 price objective on shares of SailPoint in a research note on Wednesday, June 10th. Finally, Mizuho set a $16.00 price objective on SailPoint in a research report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $20.08.

SailPoint Stock Performance

Shares of SAIL opened at $15.27 on Friday. SailPoint, Inc. has a 1 year low of $10.30 and a 1 year high of $24.00. The company’s 50 day simple moving average is $14.30 and its 200 day simple moving average is $15.29. The company has a market capitalization of $8.66 billion, a price-to-earnings ratio of -56.55, a PEG ratio of 1.70 and a beta of 2.20.

SailPoint (NASDAQ:SAIL) last released its earnings results on Tuesday, June 9th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. The firm had revenue of $280.14 million during the quarter. SailPoint had a negative net margin of 14.04% and a positive return on equity of 2.31%. The firm’s revenue was up 21.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.01 earnings per share. SailPoint has set its Q2 2027 guidance at 0.070-0.080 EPS and its FY 2027 guidance at 0.300-0.340 EPS. Equities analysts expect that SailPoint, Inc. will post 0.32 EPS for the current fiscal year.

Insider Buying and Selling at SailPoint

In related news, CFO Brian Carolan sold 47,444 shares of the company’s stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $11.46, for a total value of $543,708.24. Following the completion of the transaction, the chief financial officer directly owned 1,786,212 shares in the company, valued at approximately $20,469,989.52. This represents a 2.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Mitra Rezvan sold 7,487 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $20.00, for a total value of $149,740.00. Following the transaction, the chief accounting officer owned 189,476 shares in the company, valued at $3,789,520. This trade represents a 3.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 534,449 shares of company stock valued at $6,569,848. 1.70% of the stock is currently owned by insiders.

SailPoint 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.