Y Intercept Hong Kong Ltd Has $419,000 Holdings in SailPoint, Inc. $SAIL

Y Intercept Hong Kong Ltd decreased its position in SailPoint, Inc. (NASDAQ:SAIL) by 88.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P acquired a new stake in SailPoint during the 2nd quarter valued at $42,000. State of Wyoming acquired a new position in SailPoint during the second quarter valued at $45,000. Amalgamated Bank acquired a new position in SailPoint during the second quarter valued at $71,000. BNP Paribas Financial Markets purchased a new stake in SailPoint in the 2nd quarter worth about $79,000. Finally, California State Teachers Retirement System acquired a new stake in SailPoint during the 2nd quarter worth about $87,000.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Berenberg Bank initiated coverage on SailPoint in a report on Tuesday, November 18th. They issued a “buy” rating and a $31.70 target price on the stock. BTIG Research reiterated a “buy” rating and issued a $29.00 price objective on shares of SailPoint in a research note on Thursday, January 8th. Royal Bank Of Canada increased their target price on shares of SailPoint from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, January 5th. Robert W. Baird began coverage on shares of SailPoint in a report on Monday, October 27th. They set an “outperform” rating and a $26.00 price target on the stock. Finally, Wolfe Research initiated coverage on shares of SailPoint in a research note on Monday, October 20th. They issued an “outperform” rating and a $27.00 price target on the stock. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, SailPoint presently has an average rating of “Moderate Buy” and an average price target of $25.92.

SailPoint Stock Up 1.9%

NASDAQ SAIL opened at $14.93 on Thursday. The stock has a market capitalization of $8.39 billion and a PE ratio of -3.12. SailPoint, Inc. has a 12-month low of $13.72 and a 12-month high of $26.35. The company has a 50 day moving average price of $19.21 and a two-hundred day moving average price of $20.35.

SailPoint (NASDAQ:SAIL) last announced its quarterly earnings results on Tuesday, December 9th. The company reported $0.08 EPS for the quarter, topping the consensus estimate 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 company had revenue of $281.94 million for the quarter, compared to analyst estimates of $270.35 million. The business’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.

Insider Buying and Selling at SailPoint

In other news, CFO Brian Carolan sold 30,638 shares of the business’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $19.57, for a total value of $599,585.66. Following the completion of the sale, the chief financial officer directly owned 1,277,795 shares in the company, valued at approximately $25,006,448.15. The trade was a 2.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Christopher Schmitt sold 11,908 shares of the company’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $19.23, for a total transaction 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 354,243 shares of company stock valued at $6,924,823. Corporate 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.