Tudor Investment Corp ET AL Has $329,000 Stock Holdings in SailPoint, Inc. $SAIL

Tudor Investment Corp ET AL trimmed its position in SailPoint, Inc. (NASDAQ:SAIL) by 92.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,903 shares of the company’s stock after selling 181,441 shares during the quarter. Tudor Investment Corp ET AL’s holdings in SailPoint were worth $329,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd bought a new stake in SailPoint during the third quarter worth $31,000. Loomis Sayles & Co. L P acquired a new position in shares of SailPoint during the 2nd quarter worth $42,000. State of Wyoming acquired a new position in shares of SailPoint during the 2nd quarter worth $45,000. BNP Paribas Financial Markets bought a new stake in shares of SailPoint during the 2nd quarter worth $79,000. Finally, California State Teachers Retirement System bought a new stake in shares of SailPoint during the 2nd quarter worth $87,000.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. BMO Capital Markets reiterated an “outperform” rating on shares of SailPoint in a research report on Thursday, December 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of SailPoint in a report on Monday, December 29th. Wells Fargo & Company reduced their price target on shares of SailPoint from $17.00 to $16.00 and set an “overweight” rating on the stock in a research note on Thursday, March 19th. Scotiabank decreased their price target on shares of SailPoint from $24.00 to $16.00 and set a “sector outperform” rating on the stock in a report on Thursday, March 19th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $23.00 price objective on shares of SailPoint in a research report on Monday, March 23rd. Two research 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 given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.35.

SailPoint Stock Performance

Shares of NASDAQ:SAIL opened at $13.36 on Thursday. The firm has a market cap of $7.53 billion, a PE ratio of -23.86 and a beta of 2.36. The firm’s fifty day moving average is $14.69 and its 200-day moving average is $18.59. SailPoint, Inc. has a 52 week low of $11.52 and a 52 week high of $24.95.

SailPoint (NASDAQ:SAIL) last announced its earnings results on Wednesday, March 18th. The company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. The firm had revenue of $294.65 million for the quarter. SailPoint had a positive return on equity of 1.95% and a negative net margin of 25.20%.The firm’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($4.29) earnings per share.

Insider Activity

In other SailPoint news, CEO Mark D. Mcclain sold 61,106 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 transaction of $1,175,068.38. Following the sale, the chief executive officer owned 7,139,202 shares of the company’s stock, valued at approximately $137,286,854.46. This represents a 0.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Brian Carolan sold 30,638 shares of the firm’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $19.57, for a total value 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. This represents a 2.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 354,243 shares of company stock worth $6,924,823 in the last 90 days. 2.00% of the stock is owned by company insiders.

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.