Soros Fund Management LLC Has $30.91 Million Stock Position in SailPoint, Inc. $SAIL

Soros Fund Management LLC grew its position in SailPoint, Inc. (NASDAQ:SAIL) by 30.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,352,235 shares of the company’s stock after buying an additional 317,505 shares during the quarter. Soros Fund Management LLC owned 0.24% of SailPoint worth $30,912,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in SAIL. US Bancorp DE bought a new position in shares of SailPoint in the 1st quarter valued at $213,000. PNC Financial Services Group Inc. acquired a new stake in shares of SailPoint in the 1st quarter valued at approximately $150,000. Vanguard Group Inc. acquired a new stake in SailPoint in the first quarter valued at approximately $94,194,000. Charles Schwab Investment Management Inc. bought a new stake in shares of SailPoint during the first quarter worth $7,011,000. Finally, Nuveen LLC acquired a new position in shares of SailPoint during the first quarter worth $1,420,000.

SailPoint Price Performance

SAIL opened at $21.74 on Friday. SailPoint, Inc. has a fifty-two week low of $15.05 and a fifty-two week high of $26.35. The firm has a market capitalization of $12.10 billion and a PE ratio of -4.54. The company’s 50-day moving average is $20.69 and its 200 day moving average is $20.86.

SailPoint (NASDAQ:SAIL) last announced its earnings results on Tuesday, December 9th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.02. SailPoint had a positive return on equity of 0.22% and a negative net margin of 30.87%.The company had revenue of $281.94 million for the quarter, compared to analysts’ expectations of $270.35 million. The business’s revenue was up 19.8% on a year-over-year basis. SailPoint has set its FY 2026 guidance at 0.220-0.230 EPS and its Q4 2026 guidance at 0.080-0.09 EPS.

Insider Activity at SailPoint

In related news, Director Ronald J. Green sold 8,450 shares of SailPoint stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $21.84, for a total value of $184,548.00. Following the completion of the sale, the director owned 35,211 shares of the company’s stock, valued at approximately $769,008.24. This trade represents a 19.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Brian Carolan sold 84,699 shares of the stock in a transaction dated Thursday, October 9th. The stock was sold at an average price of $22.42, for a total transaction of $1,898,951.58. Following the transaction, the chief financial officer owned 1,336,628 shares of the company’s stock, valued at $29,967,199.76. This represents a 5.96% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,026,454 shares of company stock worth $23,056,195. 2.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on SAIL shares. BTIG Research restated a “buy” rating and set a $29.00 price target on shares of SailPoint in a report on Tuesday, September 30th. Mizuho cut their target price on shares of SailPoint from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday. Scotiabank dropped their price target on shares of SailPoint from $25.00 to $24.00 and set a “sector outperform” rating for the company in a research note on Wednesday. Robert W. Baird assumed coverage on shares of SailPoint in a research note on Monday, October 27th. They issued an “outperform” rating and a $26.00 price objective on the stock. Finally, Wolfe Research initiated coverage on SailPoint in a research report on Monday, October 20th. They set an “outperform” rating and a $27.00 target price for the company. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $26.15.

SailPoint Profile

SailPoint, Inc delivers solutions to enable comprehensive identity security for the enterprise. Its solutions enable organizations to establish, control, and automate policies that help them define and maintain a robust security posture and achieve regulatory compliance. The company was founded by Mark David McClain in 2005 and is headquartered in Austin, TX.