202,283 Shares in SailPoint, Inc. $SAIL Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of SailPoint, Inc. (NASDAQ:SAIL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 202,283 shares of the company’s stock, valued at approximately $2,961,000.

Other large investors have also added to or reduced their stakes in the company. State of Wyoming purchased a new stake in SailPoint in the second quarter worth about $45,000. Palladiem LLC bought a new stake in SailPoint during the fourth quarter worth about $42,000. Kestra Advisory Services LLC purchased a new stake in SailPoint in the fourth quarter worth about $42,000. CWM LLC grew its holdings in SailPoint by 315.6% in the fourth 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 period. Finally, Farther Finance Advisors LLC increased its stake in shares of SailPoint by 208.2% during the fourth quarter. Farther Finance Advisors LLC now owns 3,070 shares of the company’s stock valued at $62,000 after purchasing an additional 2,074 shares in the last quarter.

Analysts Set New Price Targets

SAIL has been the subject of several analyst reports. The Goldman Sachs Group restated a “neutral” rating and set a $19.00 price target on shares of SailPoint in a report on Wednesday, June 10th. TD Cowen boosted their target price on SailPoint from $19.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday. Bank of America reiterated a “neutral” rating and set a $16.00 target price on shares of SailPoint in a research note on Friday, June 12th. Morgan Stanley increased their price target on SailPoint from $18.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Jefferies Financial Group downgraded shares of SailPoint from a “buy” rating to a “buy” rating in a report on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $20.26.

Insiders Place Their Bets

In other SailPoint news, CFO Brian Carolan sold 46,002 shares of SailPoint stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $15.42, for a total value of $709,350.84. Following the sale, the chief financial officer owned 1,707,742 shares of the company’s stock, valued at $26,333,381.64. The trade was a 2.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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, CEO Mark D. Mcclain sold 93,260 shares of the company’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $15.42, for a total transaction of $1,438,069.20. Following the sale, the chief executive officer directly owned 8,093,870 shares in the company, valued at approximately $124,807,475.40. The trade was a 1.14% decrease in their position. The SEC filing for this sale provides additional information. 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 quarter, insiders have sold 499,046 shares of company stock worth $7,959,131. Insiders own 1.70% of the company’s stock.

SailPoint Stock Up 0.7%

Shares of SailPoint stock opened at $18.64 on Friday. SailPoint, Inc. has a 52 week low of $10.30 and a 52 week high of $24.00. The company has a market capitalization of $10.57 billion, a price-to-earnings ratio of -69.03, a PEG ratio of 1.94 and a beta of 2.08. The stock’s 50-day simple moving average is $15.83 and its 200-day simple moving average is $14.65.

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

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.