Alps Advisors Inc. Invests $921,000 in SailPoint, Inc. $SAIL

Alps Advisors Inc. bought a new stake in SailPoint, Inc. (NASDAQ:SAIL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 41,700 shares of the company’s stock, valued at approximately $921,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of SailPoint in the second quarter valued at approximately $112,297,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in SailPoint during the 2nd quarter worth $64,453,000. Allspring Global Investments Holdings LLC purchased a new position in SailPoint during the 3rd quarter worth $26,365,000. Aperture Investors LLC increased its stake in SailPoint by 140.9% in the second quarter. Aperture Investors LLC now owns 1,102,358 shares of the company’s stock valued at $25,200,000 after purchasing an additional 644,742 shares during the period. Finally, Marshall Wace LLP acquired a new position in SailPoint in the second quarter valued at $12,138,000.

SailPoint Stock Up 0.3%

NASDAQ:SAIL opened at $15.26 on Thursday. SailPoint, Inc. has a 52-week low of $13.72 and a 52-week high of $26.35. The stock has a fifty day simple moving average of $18.83 and a 200-day simple moving average of $20.15. The company has a market capitalization of $8.57 billion and a PE ratio of -3.19.

SailPoint (NASDAQ:SAIL) last posted its 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. 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 revenue for the quarter 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 Analysts Forecast Growth

A number of equities analysts recently issued reports on SAIL shares. Scotiabank lowered their price target on SailPoint from $25.00 to $24.00 and set a “sector outperform” rating on the stock in a report on Wednesday, December 10th. BMO Capital Markets reissued an “outperform” rating on shares of SailPoint in a report on Thursday, December 11th. Barclays cut 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. Royal Bank Of Canada reiterated an “outperform” rating and issued a $23.00 price objective on shares of SailPoint in a research report on Wednesday. Finally, Berenberg Bank assumed coverage on shares of SailPoint in a research report on Tuesday, November 18th. They set a “buy” rating and a $31.70 price objective for the company. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $25.78.

Insider Buying and Selling

In other news, President Matt Mills sold 21,345 shares of SailPoint stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $19.23, for a total transaction of $410,464.35. Following the completion of the sale, the president directly owned 1,882,913 shares in the company, valued at $36,208,416.99. The trade was a 1.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Brian Carolan sold 30,638 shares of the business’s 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 completion of the transaction, the chief financial officer directly owned 1,277,795 shares of the company’s stock, valued at approximately $25,006,448.15. This represents a 2.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 354,243 shares of company stock worth $6,924,823. 2.00% of the stock is currently owned by corporate insiders.

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.