GSA Capital Partners LLP Buys New Stake in SailPoint, Inc. $SAIL

GSA Capital Partners LLP purchased a new position in shares of SailPoint, Inc. (NASDAQ:SAIL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 53,153 shares of the company’s stock, valued at approximately $778,000.

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

Insiders Place Their Bets

In other news, insider Abby Payne sold 21,542 shares of the business’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 transaction, the insider owned 908,964 shares of the company’s stock, valued at approximately $14,807,023.56. The trade was a 2.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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, General Counsel Christopher Schmitt sold 23,940 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 $389,982.60. Following the sale, the general counsel owned 1,331,611 shares of the company’s stock, valued at $21,691,943.19. This trade represents a 1.77% 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. In the last 90 days, insiders have sold 499,046 shares of company stock valued at $7,959,131. 1.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. BMO Capital Markets restated an “outperform” rating on shares of SailPoint in a research note on Wednesday, June 10th. Barclays reduced their price objective on SailPoint from $22.00 to $19.00 and set an “overweight” rating for the company in a research note on Wednesday, June 10th. Bank of America restated a “neutral” rating and set a $16.00 target price on shares of SailPoint in a research report on Friday, June 12th. Jefferies Financial Group cut shares of SailPoint from a “buy” rating to a “buy” rating in a report on Wednesday, June 17th. Finally, DA Davidson started coverage on shares of SailPoint in a research report on Monday, August 3rd. They issued a “neutral” rating and a $17.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.40.

SailPoint Stock Down 0.1%

NASDAQ SAIL opened at $19.19 on Thursday. SailPoint, Inc. has a 52-week low of $10.30 and a 52-week high of $24.00. The business’s 50-day moving average price is $15.67 and its 200 day moving average price is $14.60. The firm has a market cap of $10.88 billion, a P/E ratio of -71.07, a P/E/G ratio of 2.13 and a beta of 2.08.

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

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.