UBS Group AG Has $79.18 Million Stake in SailPoint, Inc. $SAIL

UBS Group AG lowered its stake in shares of SailPoint, Inc. (NASDAQ:SAIL) by 5.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,913,739 shares of the company’s stock after selling 214,299 shares during the period. UBS Group AG’s holdings in SailPoint were worth $79,175,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of SailPoint by 4.3% in the 3rd quarter. Vanguard Group Inc. now owns 5,317,789 shares of the company’s stock valued at $117,417,000 after acquiring an additional 219,375 shares during the period. GW&K Investment Management LLC grew its holdings in SailPoint by 34.3% during the third quarter. GW&K Investment Management LLC now owns 3,395,602 shares of the company’s stock valued at $74,975,000 after purchasing an additional 866,889 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in SailPoint by 1.8% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,869,273 shares of the company’s stock valued at $63,359,000 after purchasing an additional 49,718 shares during the period. Alliancebernstein L.P. increased its stake in SailPoint by 20.9% in the third quarter. Alliancebernstein L.P. now owns 2,680,131 shares of the company’s stock valued at $59,177,000 after purchasing an additional 464,098 shares in the last quarter. Finally, NZS Capital LLC increased its stake in SailPoint by 186.6% in the third quarter. NZS Capital LLC now owns 1,747,161 shares of the company’s stock valued at $38,577,000 after purchasing an additional 1,137,643 shares in the last quarter.

Insider Activity

In other news, CFO Brian Carolan sold 47,444 shares of the company’s stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $11.46, for a total transaction of $543,708.24. Following the completion of the transaction, the chief financial officer directly owned 1,786,212 shares of the company’s stock, valued at $20,469,989.52. This represents a 2.59% decrease in their ownership of the stock. 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, President Matt Mills sold 34,171 shares of the stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $11.46, for a total value of $391,599.66. Following the transaction, the president owned 2,451,334 shares of the company’s stock, valued at approximately $28,092,287.64. The trade was a 1.37% decrease in their ownership of the stock. 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. In the last 90 days, insiders have sold 526,962 shares of company stock worth $6,420,108. 2.00% of the stock is currently owned by insiders.

SailPoint Price Performance

SailPoint stock opened at $12.07 on Monday. The stock has a market capitalization of $6.85 billion, a PE ratio of -21.55 and a beta of 1.10. SailPoint, Inc. has a twelve month low of $10.30 and a twelve month high of $24.95. The company has a 50 day moving average of $12.99 and a 200-day moving average of $17.02.

SailPoint (NASDAQ:SAIL) last issued its quarterly earnings data on Wednesday, March 18th. The company reported $0.08 EPS for the quarter, hitting analysts’ consensus estimates of $0.08. The business had revenue of $294.65 million for the quarter. SailPoint had a negative net margin of 25.20% and a positive return on equity of 1.95%. The company’s revenue was up 22.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($4.29) earnings per share. Equities analysts anticipate that SailPoint, Inc. will post 0.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SAIL shares. BTIG Research reduced their price target on shares of SailPoint from $22.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, March 19th. Mizuho dropped their price objective on SailPoint from $23.00 to $20.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 17th. FBN Securities initiated coverage on SailPoint in a report on Tuesday, February 24th. They set an “outperform” rating and a $18.00 target price on the stock. The Goldman Sachs Group decreased their target price on SailPoint from $21.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, March 19th. Finally, JPMorgan Chase & Co. lowered their price target on SailPoint from $26.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, March 19th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $21.35.

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.