Vanguard Group Inc. Raises Stake in SailPoint, Inc. $SAIL

Vanguard Group Inc. boosted its holdings in SailPoint, Inc. (NASDAQ:SAIL) by 4.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 5,317,789 shares of the company’s stock after buying an additional 219,375 shares during the period. Vanguard Group Inc.’s holdings in SailPoint were worth $117,417,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Norges Bank purchased a new stake in SailPoint during the second quarter worth approximately $112,297,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in SailPoint during the 2nd quarter worth $64,453,000. Allspring Global Investments Holdings LLC acquired a new stake in SailPoint in the 3rd quarter valued at $26,365,000. Aperture Investors LLC increased its holdings in SailPoint by 140.9% in the 2nd quarter. Aperture Investors LLC now owns 1,102,358 shares of the company’s stock valued at $25,200,000 after purchasing an additional 644,742 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in SailPoint in the second quarter valued at about $12,138,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SAIL shares. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of SailPoint in a research report on Wednesday, December 3rd. BTIG Research reduced their price target on SailPoint from $29.00 to $22.00 and set a “buy” rating on the stock in a research report on Monday. Weiss Ratings reaffirmed 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 report on Tuesday, November 18th. They set a “buy” rating and a $31.70 target price on the stock. Finally, Barclays decreased their target price on shares of SailPoint from $25.00 to $23.00 and set an “overweight” rating for the company in a research note on Thursday, December 4th. Four investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.27.

SailPoint Stock Down 2.0%

Shares of SAIL opened at $13.92 on Thursday. The firm has a market cap of $7.82 billion and a price-to-earnings ratio of -2.91. The business’s 50 day moving average is $16.98 and its two-hundred day moving average is $19.55. SailPoint, Inc. has a 52-week low of $12.81 and a 52-week high of $24.95.

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

Insiders Place Their Bets

In other news, CAO Mitra Rezvan sold 3,782 shares of the stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $19.57, for a total transaction of $74,013.74. Following the transaction, the chief accounting officer owned 119,109 shares of the company’s stock, valued at approximately $2,330,963.13. This trade represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Mark D. Mcclain sold 52,799 shares of the business’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $19.57, for a total value of $1,033,276.43. Following the completion of the sale, the chief executive officer directly owned 7,034,417 shares of the company’s stock, valued at approximately $137,663,540.69. This represents a 0.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 354,243 shares of company stock worth $6,924,823. Company insiders own 2.00% of the company’s stock.

SailPoint Company 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.