SailPoint, Inc. $SAIL Stock Position Trimmed by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd decreased its position in SailPoint, Inc. (NASDAQ:SAIL) by 88.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,996 shares of the company’s stock after selling 146,627 shares during the period. Y Intercept Hong Kong Ltd’s holdings in SailPoint were worth $419,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of SailPoint during the second quarter worth approximately $112,297,000. Voya Investment Management LLC raised its stake in SailPoint by 10.1% during the 3rd quarter. Voya Investment Management LLC now owns 4,309,070 shares of the company’s stock valued at $95,144,000 after acquiring an additional 395,287 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in SailPoint during the 2nd quarter valued at $64,453,000. Stephens Investment Management Group LLC boosted its position in SailPoint by 10.9% during the 3rd quarter. Stephens Investment Management Group LLC now owns 1,679,495 shares of the company’s stock worth $37,083,000 after acquiring an additional 165,741 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of SailPoint by 27.7% in the second quarter. Geode Capital Management LLC now owns 1,402,224 shares of the company’s stock worth $32,061,000 after purchasing an additional 303,836 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SAIL. BMO Capital Markets restated an “outperform” rating on shares of SailPoint in a research note on Thursday, December 11th. Weiss Ratings restated a “sell (d-)” rating on shares of SailPoint in a research report on Monday, December 29th. Berenberg Bank began coverage on shares of SailPoint in a research note on Tuesday, November 18th. They issued a “buy” rating and a $31.70 price target for the company. Wolfe Research assumed coverage on shares of SailPoint in a report on Monday, October 20th. They issued an “outperform” rating and a $27.00 price objective for the company. Finally, 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. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, SailPoint currently has an average rating of “Moderate Buy” and an average target price of $25.92.

SailPoint Trading Up 1.9%

NASDAQ:SAIL opened at $14.93 on Thursday. The company has a 50-day moving average of $19.21 and a 200-day moving average of $20.35. The firm has a market cap of $8.39 billion and a price-to-earnings ratio of -3.12. SailPoint, Inc. has a twelve month low of $13.72 and a twelve month high of $26.35.

SailPoint (NASDAQ:SAIL) last released its earnings results on Tuesday, December 9th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.06 by $0.02. The business had revenue of $281.94 million during the quarter, compared to analyst estimates of $270.35 million. SailPoint had a negative net margin of 30.87% and a positive return on equity of 0.16%. The firm’s quarterly revenue 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 Buying and Selling

In other news, CFO Brian Carolan sold 30,638 shares of the business’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $19.57, for a total transaction of $599,585.66. Following the sale, the chief financial officer directly owned 1,277,795 shares of the company’s stock, valued at $25,006,448.15. The trade was a 2.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Christopher Schmitt sold 11,908 shares of the company’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $19.23, for a total value of $228,990.84. Following the sale, the general counsel directly owned 1,057,956 shares of the company’s stock, valued at approximately $20,344,493.88. This represents a 1.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 354,243 shares of company stock valued at $6,924,823. Insiders own 2.00% of the company’s stock.

About SailPoint

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.