Envestnet Asset Management Inc. Raises Position in SailPoint, Inc. $SAIL

Envestnet Asset Management Inc. grew its stake in SailPoint, Inc. (NASDAQ:SAIL) by 29.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 395,738 shares of the company’s stock after purchasing an additional 91,157 shares during the period. Envestnet Asset Management Inc. owned approximately 0.07% of SailPoint worth $8,738,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. New York State Common Retirement Fund raised its holdings in SailPoint by 26.4% during the 3rd quarter. New York State Common Retirement Fund now owns 31,600 shares of the company’s stock valued at $698,000 after buying an additional 6,600 shares during the period. one8zero8 LLC increased its position in SailPoint by 104.3% during the third quarter. one8zero8 LLC now owns 103,500 shares of the company’s stock valued at $2,285,000 after acquiring an additional 52,850 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of SailPoint by 49.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,760 shares of the company’s stock valued at $1,010,000 after acquiring an additional 15,049 shares during the period. Truist Financial Corp lifted its holdings in shares of SailPoint by 51.1% in the 3rd quarter. Truist Financial Corp now owns 179,098 shares of the company’s stock worth $3,954,000 after acquiring an additional 60,536 shares during the last quarter. Finally, Pier 88 Investment Partners LLC bought a new stake in shares of SailPoint in the 3rd quarter worth about $601,000.

Insider Buying and Selling at SailPoint

In related news, CFO Brian Carolan sold 30,638 shares of SailPoint stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $19.57, for a total transaction of $599,585.66. Following the transaction, the chief financial officer directly owned 1,277,795 shares of the company’s stock, valued at $25,006,448.15. This trade represents a 2.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, President Matt Mills sold 21,345 shares of the stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $19.23, for a total value of $410,464.35. Following the sale, the president directly owned 1,882,913 shares in the company, valued at $36,208,416.99. This trade represents a 1.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 354,243 shares of company stock valued at $6,924,823 in the last ninety days. Company insiders own 2.00% of the company’s stock.

SailPoint Trading Down 2.6%

SAIL opened at $15.67 on Friday. The company has a market capitalization of $8.80 billion and a price-to-earnings ratio of -3.27. SailPoint, Inc. has a 12-month low of $13.72 and a 12-month high of $25.75. The business’s fifty day simple moving average is $18.26 and its 200-day simple moving average is $19.92.

SailPoint (NASDAQ:SAIL) last released its quarterly earnings data 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 firm had revenue of $281.94 million during the quarter, compared to the consensus estimate of $270.35 million. SailPoint’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.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Berenberg Bank started coverage on shares of SailPoint in a research report on Tuesday, November 18th. They issued a “buy” rating and a $31.70 price objective on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a $23.00 price target on shares of SailPoint in a report on Wednesday, February 11th. Barclays decreased their price target on SailPoint from $25.00 to $23.00 and set an “overweight” rating for the company in a research note on Thursday, December 4th. Mizuho cut their price objective on SailPoint from $23.00 to $20.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, The Goldman Sachs Group reduced their target price on SailPoint from $25.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 28th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $25.37.

About SailPoint

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.