Envestnet Asset Management Inc. Grows Stock Holdings in SailPoint, Inc. $SAIL

Envestnet Asset Management Inc. grew its position in SailPoint, Inc. (NASDAQ:SAIL) by 29.9% during the third quarter, Holdings Channel reports. The institutional investor owned 395,738 shares of the company’s stock after acquiring an additional 91,157 shares during the quarter. Envestnet Asset Management Inc.’s holdings in SailPoint were worth $8,738,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Loomis Sayles & Co. L P purchased a new position in SailPoint in the second quarter worth $42,000. State of Wyoming acquired a new stake in shares of SailPoint in the 2nd quarter worth $45,000. Amalgamated Bank purchased a new position in SailPoint during the 2nd quarter worth $71,000. BNP Paribas Financial Markets acquired a new position in SailPoint during the 2nd quarter valued at about $79,000. Finally, California State Teachers Retirement System acquired a new position in SailPoint during the 2nd quarter valued at about $87,000.

SailPoint Stock Down 2.6%

Shares of SAIL stock opened at $15.67 on Friday. SailPoint, Inc. has a 52-week low of $13.72 and a 52-week high of $25.75. The stock has a market cap of $8.80 billion and a PE ratio of -3.27. The business has a 50-day simple moving average of $18.26 and a 200-day simple moving average of $19.92.

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SAIL. Robert W. Baird initiated coverage on SailPoint in a report on Monday, October 27th. They issued an “outperform” rating and a $26.00 price target for the company. BTIG Research reiterated a “buy” rating and issued a $29.00 target price on shares of SailPoint in a research note on Thursday, January 8th. Scotiabank dropped their target price on shares of SailPoint from $25.00 to $24.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, December 10th. Truist Financial decreased their price target on shares of SailPoint from $29.00 to $23.00 and set a “buy” rating for the company in a report on Tuesday. Finally, The Goldman Sachs Group lowered their price objective on shares of SailPoint from $25.00 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, January 28th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, SailPoint presently has a consensus rating of “Moderate Buy” and an average price target of $25.37.

Insider Activity

In related news, CFO Brian Carolan sold 30,638 shares of the business’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $19.57, for a total value of $599,585.66. Following the completion of the transaction, the chief financial officer directly owned 1,277,795 shares in the company, valued at $25,006,448.15. The trade was a 2.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Christopher Schmitt sold 11,908 shares of the firm’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $19.23, for a total transaction of $228,990.84. Following the sale, the general counsel owned 1,057,956 shares in the company, valued at approximately $20,344,493.88. This represents a 1.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 354,243 shares of company stock valued at $6,924,823 in the last quarter. Company insiders own 2.00% 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.