Bleakley Financial Group LLC Makes New $614,000 Investment in SailPoint, Inc. $SAIL

Bleakley Financial Group LLC purchased a new position in shares of SailPoint, Inc. (NASDAQ:SAIL) in the first quarter, Holdings Channel.com reports. The firm purchased 46,392 shares of the company’s stock, valued at approximately $614,000.

Other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in SailPoint in the fourth quarter worth approximately $234,681,000. OFI Invest Asset Management lifted its stake in SailPoint by 79.6% in the fourth quarter. OFI Invest Asset Management now owns 905,653 shares of the company’s stock valued at $18,321,000 after acquiring an additional 401,431 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in SailPoint by 22.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,412,578 shares of the company’s stock valued at $26,768,000 after acquiring an additional 255,720 shares during the last quarter. JPMorgan Chase & Co. grew its position in SailPoint by 215.7% in the third quarter. JPMorgan Chase & Co. now owns 95,616 shares of the company’s stock worth $2,111,000 after acquiring an additional 65,329 shares in the last quarter. Finally, Maridea Wealth Management LLC bought a new stake in SailPoint in the fourth quarter worth approximately $1,816,000.

Insider Transactions at SailPoint

In other SailPoint news, insider Abby Payne sold 21,542 shares of the business’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $16.29, for a total transaction of $350,919.18. Following the completion of the transaction, the insider owned 908,964 shares of the company’s stock, valued at $14,807,023.56. The trade was a 2.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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, CEO Mark D. Mcclain sold 118,194 shares of the company’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $16.29, for a total transaction of $1,925,380.26. Following the sale, the chief executive officer owned 8,187,130 shares of the company’s stock, valued at $133,368,347.70. This trade represents a 1.42% decrease in their ownership of the stock. 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 ninety days, insiders have sold 497,832 shares of company stock worth $7,934,851. Corporate insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on SAIL. Truist Financial set a $18.00 price target on shares of SailPoint in a report on Wednesday, June 17th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $19.00 price objective on shares of SailPoint in a report on Wednesday, June 17th. Stephens reissued an “overweight” rating and set a $20.00 target price on shares of SailPoint in a research report on Wednesday, June 17th. Roth Capital started coverage on shares of SailPoint in a research report on Wednesday, May 20th. They set a “buy” rating and a $19.00 target price on the stock. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $19.00 price target on shares of SailPoint in a research report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, SailPoint has a consensus rating of “Moderate Buy” and a consensus price target of $20.08.

SailPoint Stock Down 1.1%

Shares of SAIL stock opened at $15.68 on Friday. SailPoint, Inc. has a 12 month low of $10.30 and a 12 month high of $24.00. The company has a market cap of $8.89 billion, a PE ratio of -58.07, a price-to-earnings-growth ratio of 1.74 and a beta of 2.20. The business’s 50 day moving average is $14.97 and its two-hundred day moving average is $14.88.

SailPoint (NASDAQ:SAIL) last issued its quarterly earnings data on Tuesday, June 9th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The business had revenue of $280.14 million during the quarter. SailPoint had a negative net margin of 14.04% and a positive return on equity of 2.31%. SailPoint’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.01 earnings per share. SailPoint has set its Q2 2027 guidance at 0.070-0.080 EPS and its FY 2027 guidance at 0.300-0.340 EPS. As a group, equities analysts expect that SailPoint, Inc. will post 0.33 EPS for the current fiscal year.

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.