Wellington Management Group LLP bought a new stake in shares of SailPoint, Inc. (NASDAQ:SAIL – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 326,547 shares of the company’s stock, valued at approximately $4,781,000. Wellington Management Group LLP owned 0.06% of SailPoint as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of SAIL. State of Wyoming acquired a new stake in shares of SailPoint during the 2nd quarter worth approximately $45,000. Palladiem LLC acquired a new position in SailPoint during the fourth quarter valued at approximately $42,000. Gables Capital Management Inc. bought a new stake in SailPoint during the second quarter worth $29,000. Kestra Advisory Services LLC bought a new stake in SailPoint during the fourth quarter worth $42,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of SailPoint in the 2nd quarter valued at $50,000.
SailPoint Price Performance
SAIL opened at $17.58 on Thursday. SailPoint, Inc. has a fifty-two week low of $10.30 and a fifty-two week high of $24.00. The firm has a market capitalization of $9.97 billion, a price-to-earnings ratio of -65.11, a PEG ratio of 1.86 and a beta of 2.17. The company’s 50 day moving average price is $17.21 and its two-hundred day moving average price is $14.96.
Key Stories Impacting SailPoint
Here are the key news stories impacting SailPoint this week:
- Positive Sentiment: SailPoint reported fiscal Q2 adjusted earnings of $0.09 per share, ahead of the $0.08 consensus estimate, while annual recurring revenue increased 25% year over year. SailPoint Q2 Earnings Surpass Estimates
- Positive Sentiment: The company outlined long-term fiscal 2029 goals, including at least $2.1 billion in ARR, supported by an expanded push into agentic artificial intelligence. This provides a potential growth catalyst if execution meets expectations. SailPoint FY2029 Targets
- Positive Sentiment: BTIG reaffirmed a Buy rating and assigned a $21 price target, implying meaningful upside from the reported trading level.
- Neutral Sentiment: Management maintained its fiscal 2027 outlook, calling for adjusted EPS of $0.30-$0.34 and revenue of approximately $1.3 billion. Full-year revenue guidance was broadly in line with expectations.
- Neutral Sentiment: Unusually high call-option activity indicated increased speculative interest, but options trading alone does not establish a fundamental change in valuation or business performance.
- Negative Sentiment: Q2 revenue rose 17% to $308.81 million, but reportedly missed expectations and represented a noticeable deceleration. Q3 adjusted EPS guidance of $0.07-$0.08 was also below the $0.08 consensus estimate. SailPoint Mixed Q2 Results and Guidance
- Negative Sentiment: Despite the adjusted EPS beat, SailPoint posted a negative net margin of 14.04%, and analysts cited margin stagnation, loss of Rule of 40 status, and stock-based compensation equal to roughly 22% of revenue.
- Negative Sentiment: One analyst downgraded SAIL to Sell, citing decelerating growth, competitive pressure from companies such as Palo Alto Networks, and a valuation that remains demanding after the stock’s rebound. SailPoint Downgrade
Insiders Place Their Bets
In related news, insider Abby Payne sold 16,999 shares of the firm’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $15.42, for a total transaction of $262,124.58. Following the completion of the transaction, the insider directly owned 891,965 shares of the company’s stock, valued at $13,754,100.30. This trade represents a 1.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 McClain sold 93,260 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $15.42, for a total value of $1,438,069.20. Following the transaction, the chief executive officer owned 8,093,870 shares of the company’s stock, valued at $124,807,475.40. This trade represents a 1.14% decrease in their ownership of the stock. 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. Insiders sold a total of 491,559 shares of company stock valued at $7,809,391 over the last ninety days. 1.70% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the company. Barclays boosted their price target on SailPoint from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, September 1st. BTIG Research reiterated a “buy” rating and issued a $21.00 target price on shares of SailPoint in a research report on Wednesday. The Goldman Sachs Group restated a “neutral” rating and issued a $19.00 price target on shares of SailPoint in a research note on Wednesday, June 10th. Truist Financial upped their price target on shares of SailPoint from $18.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Finally, Rosenblatt Securities initiated coverage on SailPoint in a research note on Wednesday, July 8th. They issued a “neutral” rating and a $16.00 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 issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $20.73.
View Our Latest Stock Report on SailPoint
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.
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