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

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 97,443 SailPoint shares worth approximately $1.43 million during the second quarter, while several other major institutions also initiated or expanded positions.
• SailPoint insiders sold 491,559 shares worth $7.81 million over the past three months, including CEO Mark McClain’s $1.93 million sale and General Counsel Christopher Schmitt’s $390,000 sale; both transactions were made under 10b5-1 plans to cover tax obligations.
• Analysts remain broadly bullish, with a “Moderate Buy” consensus and an average price target of $20.55. SailPoint recently exceeded quarterly EPS estimates, reported 21.5% year-over-year revenue growth, and trades near $18.82.

B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of SailPoint, Inc. (NASDAQ:SAIL - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 97,443 shares of the company's stock, valued at approximately $1,427,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SAIL. Norges Bank bought a new stake in SailPoint during the 4th quarter valued at $234,681,000. Wasatch Advisors LP purchased a new position in shares of SailPoint during the 2nd quarter valued at $66,173,000. BlackRock Inc. purchased a new position in shares of SailPoint during the 2nd quarter valued at $65,050,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of SailPoint in the second quarter worth $64,453,000. Finally, UBS Group AG increased its holdings in shares of SailPoint by 116.3% in the third quarter. UBS Group AG now owns 4,128,038 shares of the company's stock worth $91,147,000 after purchasing an additional 2,219,593 shares during the period.

Insider Transactions at SailPoint

In other news, General Counsel Christopher Schmitt sold 23,940 shares of the firm's stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $16.29, for a total value of $389,982.60. Following the completion of the transaction, the general counsel owned 1,331,611 shares in the company, valued at $21,691,943.19. This trade represents a 1.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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, CEO Mark McClain sold 118,194 shares of the firm's stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $16.29, for a total value of $1,925,380.26. Following the transaction, the chief executive officer directly owned 8,187,130 shares of the company's stock, valued at $133,368,347.70. This represents a 1.42% decrease in their position. 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. In the last three months, insiders have sold 491,559 shares of company stock worth $7,809,391. 1.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SAIL. Royal Bank Of Canada upped their target price on SailPoint from $19.00 to $22.00 and gave the stock an "outperform" rating in a research note on Friday, August 14th. Wells Fargo & Company raised their target price on shares of SailPoint from $19.00 to $22.00 and gave the company an "overweight" rating in a research note on Monday, August 17th. BTIG Research reiterated a "buy" rating and set a $18.00 target price on shares of SailPoint in a research report on Tuesday, June 9th. Jefferies Financial Group restated a "buy" rating and set a $23.00 price target on shares of SailPoint in a research report on Friday. Finally, Truist Financial upped their target price on SailPoint from $18.00 to $23.00 and gave the stock a "buy" rating in a research note on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, SailPoint presently has an average rating of "Moderate Buy" and a consensus target price of $20.55.

SailPoint Stock Performance

SAIL opened at $18.82 on Friday. The stock has a market capitalization of $10.67 billion, a PE ratio of -69.70, a price-to-earnings-growth ratio of 1.97 and a beta of 2.17. The stock's 50 day moving average price is $17.00 and its 200-day moving average price is $14.92. SailPoint, Inc. has a 52-week low of $10.30 and a 52-week high of $24.00.

SailPoint (NASDAQ:SAIL - Get Free Report) last released its quarterly 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 business had revenue of $280.14 million for the quarter. SailPoint had a negative net margin of 14.04% and a positive return on equity of 2.31%. The business's revenue was up 21.5% on a year-over-year basis. During the same quarter 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. Research analysts forecast that SailPoint, Inc. will post 0.32 EPS for the current fiscal year.

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.

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