SailPoint, Inc. $SAIL Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP increased its stake in shares of SailPoint, Inc. (NASDAQ:SAIL) by 531.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 251,770 shares of the company’s stock after buying an additional 211,922 shares during the quarter. Quantinno Capital Management LP’s holdings in SailPoint were worth $3,333,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SAIL. Cerity Partners LLC lifted its position in SailPoint by 0.8% during the 4th quarter. Cerity Partners LLC now owns 115,604 shares of the company’s stock worth $2,339,000 after acquiring an additional 923 shares during the period. Main Management ETF Advisors LLC increased its holdings in shares of SailPoint by 1.0% in the fourth quarter. Main Management ETF Advisors LLC now owns 102,573 shares of the company’s stock valued at $2,075,000 after purchasing an additional 1,048 shares during the period. Federation des caisses Desjardins du Quebec increased its holdings in shares of SailPoint by 24.1% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 7,871 shares of the company’s stock valued at $159,000 after purchasing an additional 1,528 shares during the period. State of Wyoming purchased a new stake in shares of SailPoint during the second quarter worth approximately $45,000. Finally, Palladiem LLC purchased a new stake in shares of SailPoint during the fourth quarter worth approximately $42,000.

Analyst Ratings Changes

A number of research firms recently weighed in on SAIL. Truist Financial set a $18.00 price objective on shares of SailPoint in a research report on Wednesday, June 17th. Barclays cut their price objective on shares of SailPoint from $22.00 to $19.00 and set an “overweight” rating for the company in a research report on Wednesday, June 10th. Wells Fargo & Company raised their target price on shares of SailPoint from $17.00 to $19.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 10th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $19.00 target price on shares of SailPoint in a report on Wednesday, June 10th. Finally, Scotiabank reiterated a “sector outperform” rating and set a $19.00 price target (up from $16.00) on shares of SailPoint in a research note on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.94.

SailPoint Price Performance

SailPoint stock opened at $18.66 on Friday. The stock’s 50 day moving average price is $15.44 and its 200 day moving average price is $14.52. SailPoint, Inc. has a 1-year low of $10.30 and a 1-year high of $24.00. The company has a market cap of $10.58 billion, a PE ratio of -69.11, a price-to-earnings-growth ratio of 2.07 and a beta of 2.08.

SailPoint (NASDAQ:SAIL) last released its quarterly earnings data on Tuesday, June 9th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. SailPoint had a positive return on equity of 2.31% and a negative net margin of 14.04%.The firm had revenue of $280.14 million during the quarter. During the same quarter in the previous year, the company posted $0.01 EPS. The company’s revenue was up 21.5% compared to the same quarter last year. SailPoint has set its Q2 2027 guidance at 0.070-0.080 EPS and its FY 2027 guidance at 0.300-0.340 EPS. On average, equities research analysts anticipate that SailPoint, Inc. will post 0.32 EPS for the current fiscal year.

Insider Buying and Selling at SailPoint

In other news, General Counsel Christopher Schmitt sold 23,940 shares of the stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $16.29, for a total value of $389,982.60. Following the completion of the transaction, the general counsel owned 1,331,611 shares in the company, valued at $21,691,943.19. This trade represents a 1.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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, CFO Brian Carolan sold 46,002 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 $709,350.84. Following the completion of the sale, the chief financial officer 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 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 90 days, insiders sold 497,832 shares of company stock worth $7,934,851. Company insiders own 1.70% of the company’s stock.

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.