Aperture Investors LLC Acquires 644,742 Shares of SailPoint, Inc. $SAIL

Aperture Investors LLC raised its holdings in SailPoint, Inc. (NASDAQ:SAIL) by 140.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,102,358 shares of the company’s stock after acquiring an additional 644,742 shares during the quarter. SailPoint accounts for about 3.3% of Aperture Investors LLC’s holdings, making the stock its 6th biggest position. Aperture Investors LLC owned about 0.20% of SailPoint worth $25,200,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in SAIL. Loomis Sayles & Co. L P purchased a new position in shares of SailPoint in the 2nd quarter valued at about $42,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in SailPoint during the first quarter worth about $49,000. Quarry LP acquired a new position in SailPoint during the first quarter worth about $70,000. Amalgamated Bank purchased a new position in SailPoint in the second quarter valued at about $71,000. Finally, PNC Financial Services Group Inc. acquired a new stake in shares of SailPoint during the 1st quarter valued at approximately $150,000.

Wall Street Analyst Weigh In

SAIL has been the topic of a number of research reports. Mizuho set a $23.00 price target on SailPoint 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. Stephens upgraded SailPoint to a “strong-buy” rating in a research report on Tuesday, August 12th. Morgan Stanley raised SailPoint from an “equal weight” rating to an “overweight” rating and set a $25.00 price target for the company in a research note on Tuesday, September 2nd. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of SailPoint in a research note on Monday, December 1st. Three analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $26.19.

Insider Buying and Selling at SailPoint

In other SailPoint news, General Counsel Christopher Schmitt sold 34,186 shares of the firm’s stock in a transaction dated Thursday, October 9th. The stock was sold at an average price of $22.42, for a total value of $766,450.12. Following the sale, the general counsel directly owned 1,069,864 shares of the company’s stock, valued at approximately $23,986,350.88. This trade represents a 3.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ronald J. Green sold 8,450 shares of SailPoint stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $21.84, for a total value of $184,548.00. Following the completion of the sale, the director owned 35,211 shares of the company’s stock, valued at $769,008.24. This trade represents a 19.35% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 1,026,454 shares of company stock valued at $23,056,195.

SailPoint Price Performance

NASDAQ:SAIL opened at $19.88 on Wednesday. The firm has a market cap of $11.07 billion and a PE ratio of -4.72. The firm has a 50 day simple moving average of $20.76 and a 200-day simple moving average of $20.85. SailPoint, Inc. has a 1-year low of $15.05 and a 1-year high of $26.35.

SailPoint (NASDAQ:SAIL) last released its earnings results on Tuesday, December 9th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.06 by $0.02. The company’s 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, Inc delivers solutions to enable comprehensive identity security for the enterprise. Its solutions enable organizations to establish, control, and automate policies that help them define and maintain a robust security posture and achieve regulatory compliance. The company was founded by Mark David McClain in 2005 and is headquartered in Austin, TX.