Hodges Capital Management Inc. Acquires Shares of 239,300 SailPoint, Inc. $SAIL

Hodges Capital Management Inc. acquired a new stake in shares of SailPoint, Inc. (NASDAQ:SAIL) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 239,300 shares of the company’s stock, valued at approximately $5,284,000.

A number of other large investors also recently modified their holdings of SAIL. Royal Bank of Canada bought a new stake in SailPoint during the 1st quarter valued at $1,146,000. Goldman Sachs Group Inc. bought a new stake in shares of SailPoint during the first quarter worth about $7,546,000. Stephens Investment Management Group LLC increased its position in shares of SailPoint by 22.3% during the second quarter. Stephens Investment Management Group LLC now owns 1,513,754 shares of the company’s stock worth $34,604,000 after acquiring an additional 275,740 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of SailPoint by 3.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 46,895 shares of the company’s stock worth $1,072,000 after acquiring an additional 1,510 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in SailPoint in the 2nd quarter valued at about $3,786,000.

Analyst Ratings Changes

SAIL has been the subject of a number of recent research reports. Truist Financial decreased their price objective on SailPoint from $29.00 to $23.00 and set a “buy” rating for the company in a report on Tuesday. Berenberg Bank assumed coverage on SailPoint in a research report on Tuesday, November 18th. They set a “buy” rating and a $31.70 target price on the stock. BTIG Research reissued a “buy” rating and issued a $29.00 price target on shares of SailPoint in a research report on Thursday, January 8th. Robert W. Baird began coverage on shares of SailPoint in a report on Monday, October 27th. They set an “outperform” rating and a $26.00 price objective on the stock. Finally, Mizuho lowered their target price on shares of SailPoint from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $25.37.

Insider Transactions at SailPoint

In other news, CAO Mitra Rezvan sold 3,782 shares of the stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $19.57, for a total transaction of $74,013.74. Following the completion of the transaction, the chief accounting officer owned 119,109 shares in the company, valued at approximately $2,330,963.13. This represents a 3.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Christopher Schmitt sold 4,507 shares of the stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $19.57, for a total transaction of $88,201.99. Following the transaction, the general counsel owned 1,043,319 shares of the company’s stock, valued at $20,417,752.83. This represents a 0.43% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 354,243 shares of company stock valued at $6,924,823.

SailPoint Stock Performance

Shares of SAIL stock opened at $15.65 on Wednesday. The firm has a market cap of $8.79 billion and a price-to-earnings ratio of -3.27. SailPoint, Inc. has a 52 week low of $13.72 and a 52 week high of $26.35. The firm’s 50-day simple moving average is $18.48 and its two-hundred day simple moving average is $19.98.

SailPoint (NASDAQ:SAIL) last released its earnings results on Tuesday, December 9th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. The firm had revenue of $281.94 million during the quarter, compared to the consensus estimate of $270.35 million. SailPoint had a negative net margin of 30.87% and a positive return on equity of 0.16%. SailPoint’s quarterly revenue was up 19.8% compared to the same quarter last year. SailPoint has set its FY 2026 guidance at 0.220-0.230 EPS and its Q4 2026 guidance at 0.080-0.09 EPS.

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.