GW&K Investment Management LLC Acquires 866,889 Shares of SailPoint, Inc. $SAIL

GW&K Investment Management LLC increased its holdings in shares of SailPoint, Inc. (NASDAQ:SAIL) by 34.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 3,395,602 shares of the company’s stock after purchasing an additional 866,889 shares during the period. GW&K Investment Management LLC’s holdings in SailPoint were worth $74,975,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd bought a new stake in shares of SailPoint in the third quarter valued at about $31,000. Loomis Sayles & Co. L P bought a new stake in shares of SailPoint in the 2nd quarter valued at approximately $42,000. State of Wyoming acquired a new position in shares of SailPoint in the 2nd quarter worth approximately $45,000. Amalgamated Bank acquired a new position in shares of SailPoint in the 2nd quarter worth approximately $71,000. Finally, BNP Paribas Financial Markets bought a new position in shares of SailPoint during the 2nd quarter worth approximately $79,000.

Insider Transactions at SailPoint

In other SailPoint news, President Matt Mills sold 21,345 shares of the stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $19.23, for a total value of $410,464.35. Following the transaction, the president directly owned 1,882,913 shares in the company, valued at approximately $36,208,416.99. This trade represents a 1.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Christopher Schmitt sold 11,908 shares of the business’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $19.23, for a total value of $228,990.84. Following the sale, the general counsel owned 1,057,956 shares of the company’s stock, valued at approximately $20,344,493.88. The trade was a 1.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 354,243 shares of company stock worth $6,924,823 in the last quarter. 2.00% of the stock is owned by corporate insiders.

SailPoint Stock Down 2.0%

Shares of NASDAQ:SAIL opened at $13.92 on Thursday. SailPoint, Inc. has a 12 month low of $12.81 and a 12 month high of $24.95. The company’s 50-day moving average price is $16.98 and its two-hundred day moving average price is $19.55. The firm has a market cap of $7.82 billion and a P/E ratio of -2.91.

SailPoint (NASDAQ:SAIL) last announced its earnings results on Tuesday, December 9th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. SailPoint had a negative net margin of 30.87% and a positive return on equity of 0.16%. The company had revenue of $281.94 million during the quarter, compared to the consensus estimate of $270.35 million. SailPoint’s quarterly 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.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. The Goldman Sachs Group lowered their price target on SailPoint from $25.00 to $21.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 28th. BTIG Research lowered their target price on shares of SailPoint from $29.00 to $22.00 and set a “buy” rating on the stock in a report on Monday. Cantor Fitzgerald reiterated an “overweight” rating on shares of SailPoint in a research report on Wednesday, December 3rd. BMO Capital Markets reissued an “outperform” rating on shares of SailPoint in a report on Thursday, December 11th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SailPoint in a research note on Monday, December 29th. Four analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, SailPoint currently has a consensus rating of “Moderate Buy” and an average target price of $24.27.

SailPoint Company 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.