Sei Investments Co. Lowers Position in SailPoint, Inc. $SAIL

Sei Investments Co. cut its position in shares of SailPoint, Inc. (NASDAQ:SAIL) by 79.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 71,389 shares of the company’s stock after selling 272,210 shares during the quarter. Sei Investments Co.’s holdings in SailPoint were worth $945,000 as of its most recent filing with the Securities & Exchange Commission.

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

SailPoint Stock Performance

NASDAQ:SAIL opened at $18.73 on Thursday. The firm has a market cap of $10.62 billion, a P/E ratio of -69.37, a P/E/G ratio of 2.12 and a beta of 2.08. SailPoint, Inc. has a fifty-two week low of $10.30 and a fifty-two week high of $24.00. The firm has a 50-day simple moving average of $15.44 and a two-hundred day simple moving average of $14.53.

SailPoint (NASDAQ:SAIL) last issued its earnings results 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. The firm had revenue of $280.14 million for the quarter. SailPoint had a negative net margin of 14.04% and a positive return on equity of 2.31%. The company’s quarterly revenue was up 21.5% on a year-over-year basis. During the same quarter in the prior 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. On average, equities research analysts predict that SailPoint, Inc. will post 0.32 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on SAIL shares. Scotiabank restated a “sector outperform” rating and issued a $19.00 price objective (up from $16.00) on shares of SailPoint in a report on Tuesday, June 9th. Royal Bank Of Canada reiterated an “outperform” rating and set a $19.00 target price on shares of SailPoint in a report on Wednesday, June 17th. Jefferies Financial Group cut SailPoint from a “buy” rating to a “buy” rating in a research report on Wednesday, June 17th. Wolfe Research restated an “outperform” rating and issued a $18.00 price target on shares of SailPoint in a research note on Wednesday, June 10th. Finally, Truist Financial set a $18.00 price objective on SailPoint in a research report on Wednesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.94.

Insiders Place Their Bets

In other SailPoint news, CEO Mark D. Mcclain sold 118,194 shares of the stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $16.29, for a total transaction of $1,925,380.26. Following the sale, the chief executive officer directly owned 8,187,130 shares in the company, valued at approximately $133,368,347.70. This trade represents a 1.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 SailPoint stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $15.42, for a total value of $709,350.84. Following the completion of the sale, the chief financial officer directly owned 1,707,742 shares of the company’s stock, valued at approximately $26,333,381.64. The trade was 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. Insiders sold a total of 497,832 shares of company stock worth $7,934,851 in the last three months. Corporate insiders own 1.70% of the company’s stock.

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.