GSA Capital Partners LLP Buys Shares of 53,153 SailPoint, Inc. $SAIL

Key Points

• GSA Capital Partners initiated a SailPoint position by purchasing 53,153 shares valued at approximately $778,000. Other major institutional investors, including Norges Bank and UBS Group, have also increased or established holdings.
• SailPoint reported quarterly EPS of $0.05, beating estimates by $0.01, while revenue rose 21.5% year over year to $280.14 million. The company issued quarterly and full-year EPS guidance, with analysts expecting $0.32 EPS for the current year.
• Analysts give SailPoint a consensus “Moderate Buy” rating with a $20.40 price target, though insiders sold roughly $7.96 million of stock over the past three months, primarily through tax-related transactions under pre-arranged plans.

GSA Capital Partners LLP purchased a new position in shares of SailPoint, Inc. (NASDAQ:SAIL - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 53,153 shares of the company's stock, valued at approximately $778,000.

Other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in shares of SailPoint in the fourth quarter valued at approximately $234,681,000. Wasatch Advisors LP acquired a new stake in SailPoint during the 2nd quarter worth approximately $66,173,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in SailPoint during the 2nd quarter worth approximately $64,453,000. UBS Group AG lifted its holdings in SailPoint by 116.3% during the 3rd quarter. UBS Group AG now owns 4,128,038 shares of the company's stock worth $91,147,000 after buying an additional 2,219,593 shares in the last quarter. Finally, Artisan Partners Limited Partnership purchased a new position in SailPoint in the 4th quarter valued at approximately $35,203,000.

SailPoint Trading Down 0.1%

Shares of NASDAQ:SAIL opened at $19.19 on Thursday. SailPoint, Inc. has a 52 week low of $10.30 and a 52 week high of $24.00. The company's 50 day moving average is $15.67 and its two-hundred day moving average is $14.60. The company has a market cap of $10.88 billion, a PE ratio of -71.07, a P/E/G ratio of 2.13 and a beta of 2.08.

SailPoint (NASDAQ:SAIL - Get Free Report) last issued its earnings results on Tuesday, June 9th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.01. The firm 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%. The business's revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter 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, equities research analysts expect that SailPoint, Inc. will post 0.32 EPS for the current year.

Insider Activity at SailPoint

In other news, CFO Brian Carolan sold 46,002 shares of the company's stock in a transaction dated Wednesday, July 8th. The stock was 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 directly owned 1,707,742 shares of the company's stock, valued at approximately $26,333,381.64. This represents a 2.62% decrease in their position. The transaction was disclosed in a legal 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, CAO Mitra Rezvan sold 3,881 shares of the stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $15.42, for a total value of $59,845.02. Following the completion of the transaction, the chief accounting officer owned 182,641 shares in the company, valued at approximately $2,816,324.22. The trade was a 2.08% 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. Insiders sold 499,046 shares of company stock worth $7,959,131 over the last three months. Company insiders own 1.70% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on SAIL shares. Bank of America restated a "neutral" rating and issued a $16.00 price target on shares of SailPoint in a research note on Friday, June 12th. Wells Fargo & Company lifted their target price on SailPoint from $19.00 to $22.00 and gave the company an "overweight" rating in a report on Monday. The Goldman Sachs Group reissued a "neutral" rating and set a $19.00 target price on shares of SailPoint in a research note on Wednesday, June 10th. Mizuho upped their price target on SailPoint from $16.00 to $18.00 and gave the stock a "neutral" rating in a report on Wednesday. Finally, BTIG Research reaffirmed a "buy" rating and issued a $18.00 price target on shares of SailPoint in a research report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $20.40.

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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