GW&K Investment Management LLC Decreases Position in SailPoint, Inc. $SAIL

GW&K Investment Management LLC cut its stake in shares of SailPoint, Inc. (NASDAQ:SAIL) by 5.2% during the fourth quarter, HoldingsChannel reports. The firm owned 3,218,056 shares of the company’s stock after selling 177,546 shares during the quarter. GW&K Investment Management LLC’s holdings in SailPoint were worth $65,102,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Cerity Partners LLC raised its position in SailPoint by 0.8% during the fourth quarter. Cerity Partners LLC now owns 115,604 shares of the company’s stock valued at $2,339,000 after purchasing an additional 923 shares during the period. LPL Financial LLC raised its position in SailPoint by 27.4% during the fourth quarter. LPL Financial LLC now owns 39,620 shares of the company’s stock valued at $802,000 after purchasing an additional 8,514 shares during the period. Palladiem LLC purchased a new stake in SailPoint during the fourth quarter valued at approximately $42,000. Pinebridge Investments LLC purchased a new stake in SailPoint during the fourth quarter valued at approximately $5,250,000. Finally, Disciplined Investors L.L.C. purchased a new stake in SailPoint during the fourth quarter valued at approximately $243,000.

Insider Activity

In other news, EVP Chandrasekar Gnanasambandam sold 20,082 shares of the company’s stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $11.46, for a total transaction of $230,139.72. Following the transaction, the executive vice president owned 968,926 shares of the company’s stock, valued at approximately $11,103,891.96. This represents a 2.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 company’s stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $11.46, for a total value of $391,599.66. Following the transaction, the president directly owned 2,451,334 shares in the company, valued at approximately $28,092,287.64. This represents a 1.37% 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. In the last 90 days, insiders have sold 534,449 shares of company stock valued at $6,569,848. 1.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Roth Mkm assumed coverage on SailPoint in a research report on Wednesday, May 20th. They set a “buy” rating and a $19.00 price objective on the stock. JPMorgan Chase & Co. decreased their price objective on SailPoint from $26.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, March 19th. Scotiabank restated an “outperform” rating and set a $19.00 price objective on shares of SailPoint in a research report on Tuesday. Mizuho decreased their price objective on SailPoint from $23.00 to $20.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 17th. Finally, Wells Fargo & Company upped their price objective on SailPoint from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, SailPoint presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.44.

SailPoint News Summary

Here are the key news stories impacting SailPoint this week:

• Positive Sentiment: Q1 revenue came in at $280.14 million, up 21.5% year over year, and adjusted EPS of $0.05 beat the consensus estimate of $0.04. Article: SailPoint, Inc. (SAIL) Tops Q1 Earnings and Revenue Estimates
• Positive Sentiment: Subscription growth helped lift revenue and narrow losses, reinforcing that the core business is still expanding. Article: SailPoint 1Q Loss Narrows as Subscription Growth Lifts Revenue
• Positive Sentiment: BTIG reiterated a Buy rating with an $18 price target, and Barclays previously raised its target to $22 with an Overweight rating, showing analysts still see upside from current levels. Article: BTIG Research rating update
• Neutral Sentiment: Management raised FY2027 EPS guidance to $0.30-$0.34 and Q2 EPS guidance to $0.07-$0.08, which was generally in line to slightly below consensus, so investors are focusing on the details behind the outlook rather than the headline beat.
• Negative Sentiment: The stock is reacting to concerns that GAAP profitability remains negative, and some investors appear disappointed that the earnings beat was not strong enough to offset margin and valuation worries. Article: SailPoint, Inc. Investigation Initiated
• Negative Sentiment: Levi & Korsinsky announced a securities investigation after the post-earnings share drop, adding an overhang that may keep pressure on the stock near term. Article: Levi & Korsinsky Investigates SailPoint, Inc. (SAIL) Over Potential Securities Fraud Allegations

SailPoint Stock Performance

SAIL opened at $15.66 on Wednesday. The stock has a market cap of $8.88 billion, a price-to-earnings ratio of -27.96 and a beta of 2.02. The stock’s 50 day moving average price is $13.68 and its 200-day moving average price is $15.96. SailPoint, Inc. has a one year low of $10.30 and a one year high of $24.95.

SailPoint (NASDAQ:SAIL) last released its earnings results on Tuesday, June 9th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. The firm had revenue of $280.14 million for the quarter. SailPoint had a positive return on equity of 1.95% and a negative net margin of 25.20%.The company’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the prior year, the company posted $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. As a group, analysts predict that SailPoint, Inc. will post 0.32 earnings per share for the current fiscal 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.