NewEdge Wealth LLC acquired a new position in SailPoint, Inc. (NASDAQ:SAIL – Free Report) in the 2nd quarter, HoldingsChannel reports. The firm acquired 349,053 shares of the company’s stock, valued at approximately $5,110,000.
Several other institutional investors and hedge funds have also bought and sold shares of SAIL. Norges Bank purchased a new position in shares of SailPoint during the fourth quarter valued at approximately $234,681,000. Wasatch Advisors LP bought a new position in shares of SailPoint during the second quarter valued at approximately $66,173,000. The Manufacturers Life Insurance Company raised its holdings in shares of SailPoint by 178.4% during the first quarter. The Manufacturers Life Insurance Company now owns 105,497 shares of the company’s stock valued at $1,397,000 after acquiring an additional 67,601 shares in the last quarter. Stephens Investment Management Group LLC lifted its stake in SailPoint by 14.2% in the fourth quarter. Stephens Investment Management Group LLC now owns 1,917,324 shares of the company’s stock worth $38,787,000 after acquiring an additional 237,829 shares during the period. Finally, Polianta Ltd purchased a new stake in SailPoint in the second quarter worth $1,948,000.
Insider Transactions at SailPoint
In related news, CFO Brian Carolan sold 46,002 shares of SailPoint stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $15.42, for a total transaction of $709,350.84. Following the completion of the transaction, the chief financial officer directly owned 1,707,742 shares of the company’s stock, valued at $26,333,381.64. This trade represents a 2.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, 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, CAO Mitra Rezvan sold 3,881 shares of the business’s 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 sale, the chief accounting officer directly owned 182,641 shares in the company, valued at $2,816,324.22. The trade was a 2.08% decrease in their position. 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. Over the last ninety days, insiders sold 499,046 shares of company stock worth $7,959,131. 1.70% of the stock is owned by insiders.
Analysts Set New Price Targets
View Our Latest Research Report on SailPoint
SailPoint Stock Down 0.1%
Shares of SAIL stock opened at $19.19 on Thursday. The stock has a market cap of $10.88 billion, a price-to-earnings ratio of -71.07, a PEG ratio of 2.13 and a beta of 2.08. The business’s fifty day moving average is $15.67 and its 200 day moving average is $14.60. SailPoint, Inc. has a twelve month low of $10.30 and a twelve month high of $24.00.
SailPoint (NASDAQ:SAIL – Get Free Report) last posted its quarterly earnings data on Tuesday, June 9th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%.SailPoint’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter last year, the company posted $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. Equities research analysts expect that SailPoint, Inc. will post 0.32 earnings per share for the current fiscal 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.
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