Susquehanna Fundamental Investments LLC Makes New Investment in SailPoint, Inc. $SAIL

Susquehanna Fundamental Investments LLC bought a new position in SailPoint, Inc. (NASDAQ:SAIL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 482,954 shares of the company’s stock, valued at approximately $7,070,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Gables Capital Management Inc. purchased a new position in shares of SailPoint during the second quarter valued at about $29,000. Palladiem LLC purchased a new stake in SailPoint in the fourth quarter worth about $42,000. Kestra Advisory Services LLC bought a new stake in SailPoint during the 4th quarter valued at approximately $42,000. State of Wyoming bought a new stake in SailPoint during the 2nd quarter valued at approximately $45,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in shares of SailPoint during the 2nd quarter worth approximately $50,000.

Analyst Ratings Changes

Several research analysts have recently issued reports on SAIL shares. Rosenblatt Securities assumed coverage on SailPoint in a research report on Wednesday, July 8th. They issued a “neutral” rating and a $16.00 target price for the company. Weiss Ratings raised SailPoint from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 13th. Mizuho increased their price objective on SailPoint from $16.00 to $18.00 and gave the stock a “neutral” rating in a report on Wednesday, August 19th. Royal Bank Of Canada raised their price objective on SailPoint from $19.00 to $22.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Finally, Jefferies Financial Group downgraded shares of SailPoint from a “buy” rating to a “buy” rating in a research report on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.26.

Insider Activity at SailPoint

In other SailPoint news, CEO Mark D. Mcclain sold 93,260 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $15.42, for a total transaction of $1,438,069.20. Following the completion of the sale, the chief executive officer directly owned 8,093,870 shares in the company, valued at approximately $124,807,475.40. This trade represents a 1.14% decrease in their position. The transaction was disclosed in a document filed 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, CAO Mitra Rezvan sold 3,881 shares of SailPoint stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $15.42, for a total transaction of $59,845.02. Following the completion of the transaction, the chief accounting officer directly owned 182,641 shares of the company’s stock, valued at $2,816,324.22. This trade represents a 2.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 sold a total of 491,559 shares of company stock worth $7,809,391 in the last ninety days. 1.70% of the stock is currently owned by company insiders.

SailPoint Trading Up 3.7%

Shares of NASDAQ:SAIL opened at $20.56 on Tuesday. The stock has a fifty day simple moving average of $16.52 and a two-hundred day simple moving average of $14.82. SailPoint, Inc. has a 12-month low of $10.30 and a 12-month high of $24.00. The stock has a market capitalization of $11.66 billion, a price-to-earnings ratio of -76.15, a PEG ratio of 2.08 and a beta of 2.07.

SailPoint (NASDAQ:SAIL) last released its earnings results on Tuesday, June 9th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates 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 company’s revenue was up 21.5% on a year-over-year basis. During the same period in the prior year, the company 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, equities research analysts predict that SailPoint, Inc. will post 0.32 EPS for the current year.

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.