Sei Investments Co. Decreases Stock Holdings in SailPoint, Inc. $SAIL

Sei Investments Co. decreased its stake in shares of SailPoint, Inc. (NASDAQ:SAIL) by 79.2% during the first quarter, Holdings Channel reports. The firm owned 71,389 shares of the company’s stock after selling 272,210 shares during the quarter. Sei Investments Co.’s holdings in SailPoint were worth $945,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in SailPoint in the 4th quarter worth approximately $234,681,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of SailPoint during the 2nd quarter valued at $64,453,000. UBS Group AG boosted its stake in shares of SailPoint by 116.3% in the 3rd quarter. UBS Group AG now owns 4,128,038 shares of the company’s stock worth $91,147,000 after buying an additional 2,219,593 shares during the last quarter. Artisan Partners Limited Partnership purchased a new position in shares of SailPoint in the 4th quarter worth $35,203,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of SailPoint in the fourth quarter worth $20,778,000.

SailPoint Price Performance

Shares of SAIL stock opened at $18.73 on Thursday. The company has a market cap of $10.62 billion, a price-to-earnings ratio of -69.37, a PEG ratio of 2.12 and a beta of 2.08. SailPoint, Inc. has a 1 year low of $10.30 and a 1 year high of $24.00. The firm has a fifty day moving average price of $15.44 and a 200-day moving average price of $14.53.

SailPoint (NASDAQ:SAIL) last announced its earnings results on Tuesday, June 9th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The company had revenue of $280.14 million for the quarter. SailPoint had a positive return on equity of 2.31% and a negative net margin of 14.04%.SailPoint’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period in the prior year, the business 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 research analysts expect that SailPoint, Inc. will post 0.32 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on SAIL. The Goldman Sachs Group reiterated a “neutral” rating and set a $19.00 price objective on shares of SailPoint in a research report on Wednesday, June 10th. Roth Capital assumed coverage on SailPoint in a research report on Wednesday, May 20th. They issued a “buy” rating and a $19.00 target price on the stock. Rosenblatt Securities initiated coverage on SailPoint in a research note on Wednesday, July 8th. They set a “neutral” rating and a $16.00 price target for the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SailPoint in a research report on Wednesday, June 17th. Finally, BTIG Research reiterated a “buy” rating and issued a $18.00 price objective on shares of SailPoint in a research note on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, SailPoint presently has an average rating of “Moderate Buy” and an average price target of $19.94.

Insider Transactions at SailPoint

In other news, General Counsel Christopher Schmitt sold 23,940 shares of SailPoint stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $16.29, for a total transaction of $389,982.60. Following the transaction, the general counsel directly owned 1,331,611 shares of the company’s stock, valued at $21,691,943.19. The trade was a 1.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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, insider Abby Payne sold 21,542 shares of SailPoint stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $16.29, for a total value of $350,919.18. Following the transaction, the insider directly owned 908,964 shares in the company, valued at approximately $14,807,023.56. The trade was a 2.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Over the last three months, insiders have sold 497,832 shares of company stock valued at $7,934,851. Company insiders own 1.70% of the company’s stock.

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.