Tudor Investment Corp ET AL Sells 181,441 Shares of SailPoint, Inc. $SAIL

Tudor Investment Corp ET AL trimmed its stake in SailPoint, Inc. (NASDAQ:SAIL) by 92.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,903 shares of the company’s stock after selling 181,441 shares during the quarter. Tudor Investment Corp ET AL’s holdings in SailPoint were worth $329,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd acquired a new position in shares of SailPoint during the third quarter valued at about $31,000. Loomis Sayles & Co. L P acquired a new stake in SailPoint in the second quarter valued at approximately $42,000. State of Wyoming bought a new stake in shares of SailPoint during the second quarter valued at approximately $45,000. BNP Paribas Financial Markets acquired a new position in shares of SailPoint during the second quarter worth approximately $79,000. Finally, California State Teachers Retirement System bought a new stake in SailPoint during the 2nd quarter valued at $87,000.

SailPoint Price Performance

NASDAQ SAIL opened at $13.36 on Thursday. SailPoint, Inc. has a 1 year low of $11.52 and a 1 year high of $24.95. The firm has a market cap of $7.53 billion, a price-to-earnings ratio of -23.86 and a beta of 2.36. The company has a fifty day moving average price of $14.69 and a 200-day moving average price of $18.59.

SailPoint (NASDAQ:SAIL) last released its quarterly earnings results on Wednesday, March 18th. The company reported $0.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.08. SailPoint had a negative net margin of 25.20% and a positive return on equity of 1.95%. The company had revenue of $294.65 million for the quarter. During the same period in the previous year, the business earned ($4.29) earnings per share. The firm’s revenue for the quarter was up 22.9% on a year-over-year basis.

Insider Transactions at SailPoint

In other SailPoint news, CAO Mitra Rezvan sold 3,782 shares of SailPoint stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $19.57, for a total transaction of $74,013.74. Following the transaction, the chief accounting officer owned 119,109 shares of the company’s stock, valued at $2,330,963.13. This trade represents a 3.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Abby Payne sold 3,582 shares of the business’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $19.57, for a total value of $70,099.74. Following the completion of the transaction, the insider owned 678,807 shares in the company, valued at $13,284,252.99. The trade was a 0.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 354,243 shares of company stock worth $6,924,823. Company insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

SAIL has been the subject of a number of analyst reports. Barclays reduced their price objective on shares of SailPoint from $23.00 to $20.00 and set an “overweight” rating for the company in a report on Monday, March 16th. TD Cowen dropped their price target on shares of SailPoint from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday, February 24th. Mizuho cut their price target on SailPoint from $23.00 to $20.00 and set a “neutral” rating for the company in a research note on Tuesday, February 17th. BTIG Research decreased their price objective on SailPoint from $22.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, March 19th. Finally, Robert W. Baird lowered their price objective on SailPoint from $26.00 to $22.00 and set an “outperform” rating for the company in a research note on Thursday, March 19th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, SailPoint presently has a consensus rating of “Moderate Buy” and an average price target of $21.35.

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.