97,443 Shares in SailPoint, Inc. $SAIL Acquired by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 97,443 SailPoint shares during the second quarter, valued at approximately $1.43 million. Several other institutional investors, including Goldman Sachs and JPMorgan Chase, also initiated positions.
• SailPoint insiders sold 499,046 shares worth about $7.96 million over the past 90 days, primarily through pre-arranged plans to cover tax obligations from vested equity awards.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $20.26. SailPoint recently topped quarterly EPS estimates by $0.01, while revenue rose 21.5% year over year to $280.14 million.

B. Metzler seel. Sohn & Co. AG purchased a new stake in shares of SailPoint, Inc. (NASDAQ:SAIL - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 97,443 shares of the company's stock, valued at approximately $1,427,000.

Several other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada bought a new stake in SailPoint in the first quarter worth $1,146,000. Goldman Sachs Group Inc. purchased a new position in SailPoint during the first quarter valued at $7,546,000. JPMorgan Chase & Co. bought a new stake in shares of SailPoint during the second quarter valued at approximately $692,000. Rhumbline Advisers purchased a new position in shares of SailPoint in the second quarter worth $1,047,000. Finally, New York State Common Retirement Fund purchased a new position in shares of SailPoint in the second quarter worth $572,000.

Insider Buying and Selling

In related news, EVP Chandrasekar Gnanasambandam sold 19,540 shares of the business's stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $15.42, for a total value of $301,306.80. Following the sale, the executive vice president owned 934,508 shares in the company, valued at approximately $14,410,113.36. The trade was a 2.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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, insider Abby Payne sold 16,999 shares of SailPoint stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $15.42, for a total transaction of $262,124.58. Following the completion of the transaction, the insider directly owned 891,965 shares of the company's stock, valued at $13,754,100.30. The trade was a 1.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 499,046 shares of company stock worth $7,959,131 in the last 90 days. 1.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

SAIL has been the topic of several recent analyst reports. Royal Bank Of Canada increased their price objective on SailPoint from $19.00 to $22.00 and gave the company an "outperform" rating in a research report on Friday, August 14th. Stephens restated an "overweight" rating and set a $20.00 target price on shares of SailPoint in a research note on Wednesday, June 17th. Rosenblatt Securities initiated coverage on shares of SailPoint in a report on Wednesday, July 8th. They issued a "neutral" rating and a $16.00 target price on the stock. TD Cowen boosted their target price on shares of SailPoint from $19.00 to $22.00 and gave the company a "buy" rating in a research note on Monday, August 17th. Finally, Scotiabank restated a "sector outperform" rating and issued a $19.00 price target (up from $16.00) on shares of SailPoint in a research note on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $20.26.

SailPoint Stock Performance

SAIL opened at $18.64 on Monday. The stock has a market cap of $10.57 billion, a price-to-earnings ratio of -69.03, a price-to-earnings-growth ratio of 1.95 and a beta of 2.07. The firm's fifty day moving average is $15.83 and its 200 day moving average is $14.64. SailPoint, Inc. has a fifty-two week low of $10.30 and a fifty-two week high of $24.00.

SailPoint (NASDAQ:SAIL - Get Free Report) last issued its quarterly earnings results on Tuesday, June 9th. The company reported $0.05 earnings per share (EPS) 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 positive return on equity of 2.31% and a negative net margin of 14.04%.The company's quarterly revenue was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $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 research analysts predict that SailPoint, Inc. will post 0.32 earnings per share for the current 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.

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