SailPoint, Inc. $SAIL Holdings Boosted by GW&K Investment Management LLC

GW&K Investment Management LLC raised its position in shares of SailPoint, Inc. (NASDAQ:SAIL) by 34.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,395,602 shares of the company’s stock after purchasing an additional 866,889 shares during the quarter. GW&K Investment Management LLC owned 0.61% of SailPoint worth $74,975,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Stephens Investment Management Group LLC raised its position in SailPoint by 10.9% during the third quarter. Stephens Investment Management Group LLC now owns 1,679,495 shares of the company’s stock valued at $37,083,000 after buying an additional 165,741 shares during the period. Bank of New York Mellon Corp boosted its position in SailPoint by 3,022.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 481,908 shares of the company’s stock worth $11,016,000 after acquiring an additional 466,474 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in SailPoint by 86.0% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 167,021 shares of the company’s stock valued at $3,688,000 after acquiring an additional 77,237 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of SailPoint in the 3rd quarter valued at about $26,365,000. Finally, OFI Invest Asset Management acquired a new position in shares of SailPoint in the 3rd quarter valued at about $11,133,000.

SailPoint Trading Down 2.0%

SAIL stock opened at $13.92 on Thursday. The firm has a market cap of $7.82 billion and a PE ratio of -2.91. SailPoint, Inc. has a 1 year low of $12.81 and a 1 year high of $24.95. The company has a fifty day simple moving average of $16.98 and a 200 day simple moving average of $19.55.

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

In other news, General Counsel Christopher Schmitt sold 4,507 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 $88,201.99. Following the completion of the sale, the general counsel directly owned 1,043,319 shares in the company, valued at approximately $20,417,752.83. The trade was a 0.43% 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, CAO Mitra Rezvan sold 3,782 shares of the company’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $19.57, for a total transaction of $74,013.74. Following the sale, the chief accounting officer directly owned 119,109 shares of the company’s stock, valued at approximately $2,330,963.13. This represents a 3.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 354,243 shares of company stock worth $6,924,823. 2.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SAIL. Berenberg Bank assumed coverage on shares of SailPoint in a report on Tuesday, November 18th. They set a “buy” rating and a $31.70 price target for the company. BTIG Research cut their target price on shares of SailPoint from $29.00 to $22.00 and set a “buy” rating for the company in a research report on Monday. Mizuho decreased their target price on shares of SailPoint from $23.00 to $20.00 and set a “neutral” rating for the company in a research note on Tuesday, February 17th. Weiss Ratings restated a “sell (d-)” rating on shares of SailPoint in a report on Monday, December 29th. Finally, Barclays cut their price objective on SailPoint from $25.00 to $23.00 and set an “overweight” rating for the company in a report on Thursday, December 4th. Four investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $24.27.

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.