Polianta Ltd Invests $1.95 Million in SailPoint, Inc. $SAIL

Polianta Ltd purchased a new stake in shares of SailPoint, Inc. (NASDAQ:SAIL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 133,100 shares of the company’s stock, valued at approximately $1,948,000.

Other large investors have also made changes to their positions in the company. Norges Bank acquired a new position in SailPoint in the 4th quarter worth approximately $234,681,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in SailPoint during the 2nd quarter worth approximately $64,453,000. UBS Group AG raised its stake in SailPoint by 116.3% during the 3rd quarter. UBS Group AG now owns 4,128,038 shares of the company’s stock valued at $91,147,000 after purchasing an additional 2,219,593 shares during the period. Artisan Partners Limited Partnership acquired a new stake in SailPoint during the 4th quarter valued at $35,203,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in SailPoint during the 4th quarter valued at $20,778,000.

Wall Street Analyst Weigh In

SAIL has been the topic of a number of research analyst reports. Barclays lowered their price target on SailPoint from $22.00 to $19.00 and set an “overweight” rating on the stock in a report on Wednesday, June 10th. Roth Capital began coverage on SailPoint in a research note on Wednesday, May 20th. They issued a “buy” rating and a $19.00 price objective for the company. Rosenblatt Securities began coverage on SailPoint in a research report on Wednesday, July 8th. They set a “neutral” rating and a $16.00 price objective for the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SailPoint in a research note on Wednesday, June 17th. Finally, Wells Fargo & Company upped their target price on SailPoint from $17.00 to $19.00 and gave the company an “overweight” rating in a report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.94.

Insider Buying and Selling at SailPoint

In related news, CFO Brian Carolan sold 46,002 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $15.42, for a total value of $709,350.84. Following the transaction, the chief financial officer directly owned 1,707,742 shares of the company’s stock, valued at approximately $26,333,381.64. This trade represents a 2.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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, insider Abby Payne sold 21,542 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $16.29, for a total value of $350,919.18. Following the sale, the insider directly owned 908,964 shares of the company’s stock, valued at $14,807,023.56. The trade was a 2.32% 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. Insiders have sold a total of 497,832 shares of company stock worth $7,934,851 in the last 90 days. Company insiders own 1.70% of the company’s stock.

SailPoint Trading Up 5.5%

SAIL stock opened at $18.66 on Friday. SailPoint, Inc. has a 1 year low of $10.30 and a 1 year high of $24.00. The company has a fifty day simple moving average of $15.44 and a 200 day simple moving average of $14.52. The firm has a market cap of $10.58 billion, a PE ratio of -69.11, a PEG ratio of 2.07 and a beta of 2.08.

SailPoint (NASDAQ:SAIL) last posted its earnings results on Tuesday, June 9th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. SailPoint had a negative net margin of 14.04% and a positive return on equity of 2.31%. The firm had revenue of $280.14 million for the quarter. During the same period in the previous year, the company earned $0.01 earnings per share. The company’s quarterly revenue was up 21.5% compared to the same quarter last year. 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 forecast that SailPoint, Inc. will post 0.32 EPS 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.