Dimensional Fund Advisors LP Takes $3.78 Million Position in SailPoint, Inc. $SAIL

Key Points

• Dimensional Fund Advisors acquired 285,642 SailPoint shares worth approximately $3.78 million, while other institutions including Norges Bank and Stephens Investment Management also expanded or initiated positions.
• Insiders sold shares under pre-arranged Rule 10b5-1 plans primarily to cover tax obligations. Recent sales totaled 497,832 shares worth about $7.93 million, though insiders still own 1.70% of the company.
• SailPoint reported quarterly revenue of $280.14 million, up 21.5% year over year, and EPS of $0.05, beating estimates. Analysts hold a consensus “Moderate Buy” rating with an average price target of $19.94, versus a reported share price of $18.73.

Dimensional Fund Advisors LP acquired a new stake in shares of SailPoint, Inc. (NASDAQ:SAIL - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 285,642 shares of the company's stock, valued at approximately $3,782,000. Dimensional Fund Advisors LP owned approximately 0.05% of SailPoint as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of SAIL. Norges Bank purchased a new stake in SailPoint during the 4th quarter worth $234,681,000. Stephens Investment Management Group LLC increased its holdings in SailPoint by 14.2% in the 4th quarter. Stephens Investment Management Group LLC now owns 1,917,324 shares of the company's stock valued at $38,787,000 after purchasing an additional 237,829 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in SailPoint in the fourth quarter valued at about $910,000. Oddo BHF Asset Management Sas acquired a new position in shares of SailPoint during the fourth quarter worth about $8,041,000. Finally, Bleakley Financial Group LLC acquired a new position in shares of SailPoint during the first quarter worth about $614,000.

Insiders Place Their Bets

In related news, General Counsel Christopher Schmitt sold 23,940 shares of the business's stock in a transaction dated 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 sale, the general counsel directly owned 1,331,611 shares of the company's stock, valued at $21,691,943.19. The trade was a 1.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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, CEO Mark D. Mcclain sold 118,194 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer owned 8,187,130 shares in the company, valued at $133,368,347.70. The trade was 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 ninety days, insiders sold 497,832 shares of company stock valued at $7,934,851. 1.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Bank of America reaffirmed a "neutral" rating and issued a $16.00 target price on shares of SailPoint in a research report on Friday, June 12th. BTIG Research reissued a "buy" rating and set a $18.00 price target on shares of SailPoint in a research report on Tuesday, June 9th. Royal Bank Of Canada restated an "outperform" rating and issued a $19.00 price target on shares of SailPoint in a report on Wednesday, June 17th. Cantor Fitzgerald reissued an "overweight" rating and issued a $23.00 price objective on shares of SailPoint in a research report on Wednesday, June 17th. Finally, The Goldman Sachs Group restated a "neutral" rating and set a $19.00 target price on shares of SailPoint in a research note on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, SailPoint presently has an average rating of "Moderate Buy" and a consensus target price of $19.94.

SailPoint Price Performance

NASDAQ SAIL opened at $18.73 on Thursday. The company has a market capitalization of $10.62 billion, a price-to-earnings ratio of -69.37, a price-to-earnings-growth ratio of 2.12 and a beta of 2.08. SailPoint, Inc. has a 12 month low of $10.30 and a 12 month high of $24.00. The company's fifty day moving average price is $15.44 and its two-hundred day moving average price is $14.53.

SailPoint (NASDAQ:SAIL - Get Free Report) last released its earnings results 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. The company had revenue of $280.14 million during the quarter. SailPoint had a negative net margin of 14.04% and a positive return on equity of 2.31%. SailPoint's revenue for the quarter was up 21.5% on a year-over-year basis. During the same period in the previous year, the firm 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. As a group, analysts anticipate that SailPoint, Inc. will post 0.32 EPS for the current 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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