Bank of New York Mellon Corp Makes New Investment in SailPoint, Inc. $SAIL

Key Points

• Bank of New York Mellon acquired 654,756 SailPoint shares worth approximately $9.6 million, representing a 0.12% stake. Several other institutional investors also initiated positions.
• SailPoint reported quarterly EPS of $0.05, exceeding the $0.04 consensus estimate, while revenue rose 21.5% year over year to $280.14 million. The company issued fiscal 2027 EPS guidance of $0.30–$0.34.
• Analysts maintain a Moderate Buy consensus with an average price target of $20.44, compared with a share price of $18.31. Insiders sold roughly $7.8 million of stock during the last quarter, primarily through pre-arranged plans to cover tax obligations.

Bank of New York Mellon Corp bought a new stake in SailPoint, Inc. (NASDAQ:SAIL - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 654,756 shares of the company's stock, valued at approximately $9,586,000. Bank of New York Mellon Corp owned 0.12% of SailPoint at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Royal Bank of Canada purchased a new stake in shares of SailPoint during the first quarter worth $1,146,000. Goldman Sachs Group Inc. bought a new stake in shares of SailPoint in the 1st quarter valued at approximately $7,546,000. JPMorgan Chase & Co. bought a new position in SailPoint during the second quarter valued at approximately $692,000. Rhumbline Advisers bought a new stake in SailPoint in the second quarter worth approximately $1,047,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of SailPoint in the 2nd quarter valued at $572,000.

Insider Buying and Selling

In related news, CAO Mitra Rezvan sold 3,881 shares of the firm's stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $15.42, for a total transaction of $59,845.02. Following the sale, the chief accounting officer owned 182,641 shares of the company's stock, valued at approximately $2,816,324.22. This trade represents a 2.08% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 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 value of $709,350.84. Following the completion of the transaction, the chief financial officer owned 1,707,742 shares of the company's stock, valued at $26,333,381.64. This represents a 2.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 quarter, insiders sold 491,559 shares of company stock valued at $7,809,391. 1.70% of the stock is owned by company insiders.

SailPoint Price Performance

SAIL opened at $18.31 on Thursday. The stock has a market capitalization of $10.39 billion, a P/E ratio of -67.81, a price-to-earnings-growth ratio of 2.01 and a beta of 2.17. The company's 50 day simple moving average is $16.76 and its 200-day simple moving average is $14.87. SailPoint, Inc. has a one year low of $10.30 and a one year high of $24.00.

SailPoint (NASDAQ:SAIL - Get Free Report) last announced its quarterly earnings data on Tuesday, June 9th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01. SailPoint had a positive return on equity of 2.31% and a negative net margin of 14.04%.The firm had revenue of $280.14 million during the quarter. During the same period in the prior year, the firm posted $0.01 earnings per share. The business's revenue for the quarter was up 21.5% compared to the same quarter last year. SailPoint has set its Q2 2027 guidance at 0.070-0.080 EPS and its FY 2027 guidance at 0.300-0.340 EPS. As a group, analysts anticipate that SailPoint, Inc. will post 0.32 EPS for the current year.

Analyst Ratings Changes

SAIL has been the topic of a number of analyst reports. Mizuho increased their price objective on SailPoint from $16.00 to $18.00 and gave the company a "neutral" rating in a report on Wednesday, August 19th. Royal Bank Of Canada boosted their price objective on SailPoint from $19.00 to $22.00 and gave the stock an "outperform" rating in a research report on Friday, August 14th. BTIG Research reaffirmed a "buy" rating and set a $18.00 target price on shares of SailPoint in a research report on Tuesday, June 9th. Weiss Ratings raised shares of SailPoint from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Thursday, August 13th. Finally, Roth Capital assumed coverage on SailPoint in a research report on Wednesday, May 20th. They issued a "buy" rating and a $19.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $20.44.

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.

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