Quantinno Capital Management LP Raises Stake in SailPoint, Inc. $SAIL

Quantinno Capital Management LP boosted its position in shares of SailPoint, Inc. (NASDAQ:SAIL) by 531.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 251,770 shares of the company’s stock after acquiring an additional 211,922 shares during the period. Quantinno Capital Management LP’s holdings in SailPoint were worth $3,333,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Royal Bank of Canada purchased a new stake in shares of SailPoint during the 1st quarter worth $1,146,000. Goldman Sachs Group Inc. purchased a new position in SailPoint in the first quarter valued at $7,546,000. JPMorgan Chase & Co. acquired a new stake in SailPoint in the second quarter valued at $692,000. Rhumbline Advisers purchased a new stake in SailPoint during the 2nd quarter worth about $1,047,000. Finally, New York State Common Retirement Fund purchased a new stake in SailPoint during the 2nd quarter worth about $572,000.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of SailPoint in a report on Wednesday, June 17th. BMO Capital Markets restated an “outperform” rating on shares of SailPoint in a research note on Wednesday, June 10th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $19.00 price target on shares of SailPoint in a report on Wednesday, June 10th. Scotiabank reiterated a “sector outperform” rating and issued a $19.00 price target (up from $16.00) on shares of SailPoint in a research note on Tuesday, June 9th. Finally, Roth Capital initiated coverage on shares of SailPoint in a report on Wednesday, May 20th. They set a “buy” rating and a $19.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, SailPoint presently has an average rating of “Moderate Buy” and a consensus target price of $19.94.

SailPoint Stock Performance

Shares of SAIL stock opened at $18.66 on Friday. The stock’s 50-day moving average is $15.44 and its two-hundred day moving average is $14.52. The firm has a market cap of $10.58 billion, a price-to-earnings ratio of -69.11, a PEG ratio of 2.07 and a beta of 2.08. SailPoint, Inc. has a 1 year low of $10.30 and a 1 year high of $24.00.

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

Insider Activity at SailPoint

In other news, General Counsel Christopher Schmitt sold 23,940 shares of the 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 $389,982.60. Following the completion of the sale, the general counsel directly owned 1,331,611 shares of the company’s stock, valued at approximately $21,691,943.19. This represents a 1.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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, CEO Mark D. Mcclain sold 118,194 shares of the firm’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 transaction of $1,925,380.26. Following the transaction, the chief executive officer owned 8,187,130 shares in the company, valued at approximately $133,368,347.70. This trade represents a 1.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 valued at $7,934,851 over the last 90 days. 1.70% of the stock is owned by insiders.

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.