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

Bleakley Financial Group LLC purchased a new stake in SailPoint, Inc. (NASDAQ:SAIL) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 46,392 shares of the company’s stock, valued at approximately $614,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Palladiem LLC acquired a new position in shares of SailPoint in the 4th quarter worth $42,000. Kestra Advisory Services LLC acquired a new stake in shares of SailPoint during the fourth quarter worth $42,000. State of Wyoming purchased a new stake in shares of SailPoint during the second quarter valued at $45,000. CWM LLC lifted its holdings in shares of SailPoint by 315.6% during the fourth quarter. CWM LLC now owns 2,656 shares of the company’s stock valued at $54,000 after purchasing an additional 2,017 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of SailPoint by 208.2% in the 4th quarter. Farther Finance Advisors LLC now owns 3,070 shares of the company’s stock valued at $62,000 after purchasing an additional 2,074 shares during the period.

SailPoint Trading Down 1.1%

Shares of SailPoint stock opened at $15.68 on Friday. The stock has a 50-day moving average price of $14.97 and a 200 day moving average price of $14.88. The company has a market cap of $8.89 billion, a P/E ratio of -58.07, a P/E/G ratio of 1.74 and a beta of 2.20. SailPoint, Inc. has a 1 year low of $10.30 and a 1 year high of $24.00.

SailPoint (NASDAQ:SAIL) last released its earnings results on Tuesday, June 9th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.01. The company had revenue of $280.14 million for the quarter. SailPoint had a positive return on equity of 2.31% and a negative net margin of 14.04%.The company’s revenue was up 21.5% compared to the same quarter last year. During the same period last year, the firm earned $0.01 EPS. SailPoint has set its Q2 2027 guidance at 0.070-0.080 EPS and its FY 2027 guidance at 0.300-0.340 EPS. On average, equities analysts forecast that SailPoint, Inc. will post 0.33 earnings per share for the current fiscal year.

Insider Buying and Selling at SailPoint

In related news, insider Abby Payne sold 16,999 shares of the business’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $15.42, for a total transaction of $262,124.58. Following the transaction, the insider directly owned 891,965 shares of the company’s stock, valued at approximately $13,754,100.30. The trade was a 1.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through 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, CFO Brian Carolan sold 46,002 shares of the company’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $15.42, for a total transaction of $709,350.84. Following the completion of the transaction, the chief financial officer owned 1,707,742 shares in the company, valued at approximately $26,333,381.64. This represents a 2.62% decrease in their position. 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. Insiders sold a total of 497,832 shares of company stock valued at $7,934,851 in the last 90 days. Corporate insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SAIL shares. Bank of America reissued a “neutral” rating and issued a $16.00 price target on shares of SailPoint in a research note on Friday, June 12th. Stephens reiterated an “overweight” rating and issued a $20.00 target price on shares of SailPoint in a report on Wednesday, June 17th. Roth Capital assumed coverage on shares of SailPoint in a research report on Wednesday, May 20th. They issued a “buy” rating and a $19.00 target price on the stock. Truist Financial set a $18.00 price target on shares of SailPoint in a report on Wednesday, June 17th. Finally, BTIG Research restated a “buy” rating and issued a $18.00 price target on shares of SailPoint in a research report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $20.08.

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.