Maridea Wealth Management LLC Takes $1.97 Million Position in SailPoint, Inc. $SAIL

Key Points

• Maridea Wealth Management acquired 134,333 SailPoint shares during the second quarter, valued at approximately $1.97 million. Several other institutional investors also initiated or increased positions.
• SailPoint reported quarterly revenue of $280.14 million, up 21.5% year over year, and earnings of $0.05 per share, exceeding the $0.04 analyst consensus. The company issued fiscal 2027 EPS guidance of $0.30 to $0.34.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $20.08. Meanwhile, insiders sold roughly $7.96 million of stock over the past 90 days, primarily through pre-arranged plans to cover tax obligations.

Maridea Wealth Management LLC acquired a new stake in shares of SailPoint, Inc. (NASDAQ:SAIL - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 134,333 shares of the company's stock, valued at approximately $1,967,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Oppenheimer Asset Management Inc. bought a new position in SailPoint in the second quarter valued at about $2,764,000. Wasatch Advisors LP bought a new stake in shares of SailPoint during the second quarter worth about $66,173,000. Handelsbanken Fonder AB increased its stake in shares of SailPoint by 13.9% in the second quarter. Handelsbanken Fonder AB now owns 18,000 shares of the company's stock valued at $264,000 after buying an additional 2,200 shares during the period. Polianta Ltd acquired a new position in shares of SailPoint in the second quarter valued at approximately $1,948,000. Finally, FNY Investment Advisers LLC increased its stake in shares of SailPoint by 12.0% in the second quarter. FNY Investment Advisers LLC now owns 8,400 shares of the company's stock valued at $122,000 after buying an additional 900 shares during the period.

SailPoint Price Performance

Shares of SAIL opened at $19.53 on Friday. SailPoint, Inc. has a 1 year low of $10.30 and a 1 year high of $24.00. The company has a market capitalization of $11.08 billion, a price-to-earnings ratio of -72.33, a price-to-earnings-growth ratio of 2.17 and a beta of 2.08. The business has a 50-day moving average of $15.49 and a 200-day moving average of $14.58.

SailPoint (NASDAQ:SAIL - Get Free Report) last posted its quarterly earnings data on Tuesday, June 9th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.01. The company had revenue of $280.14 million for the quarter. SailPoint had a positive return on equity of 2.31% and a negative net margin of 14.04%.SailPoint's revenue was up 21.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.01 earnings per share. 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, sell-side analysts anticipate that SailPoint, Inc. will post 0.32 EPS for the current year.

Insider Transactions at SailPoint

In other news, General Counsel Christopher Schmitt sold 23,940 shares of the business'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 $389,982.60. Following the transaction, the general counsel owned 1,331,611 shares in the company, valued at approximately $21,691,943.19. The trade was a 1.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 on Tuesday, July 7th. The shares were sold at an average price of $16.29, for a total transaction of $1,925,380.26. Following the completion of the sale, the chief executive officer directly owned 8,187,130 shares in the company, valued at approximately $133,368,347.70. This represents a 1.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 have sold 499,046 shares of company stock worth $7,959,131. Company insiders own 1.70% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on SAIL. Stephens reiterated an "overweight" rating and set a $20.00 target price on shares of SailPoint in a research report on Wednesday, June 17th. Barclays decreased their price target on shares of SailPoint from $22.00 to $19.00 and set an "overweight" rating for the company in a research report on Wednesday, June 10th. Scotiabank reaffirmed a "sector outperform" rating and set a $19.00 price target (up from $16.00) on shares of SailPoint in a research note on Tuesday, June 9th. Mizuho set a $16.00 price target on shares of SailPoint in a research note on Wednesday, June 10th. Finally, Wolfe Research reiterated an "outperform" rating and set a $18.00 price target on shares of SailPoint in a report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, SailPoint currently has a consensus rating of "Moderate Buy" and an average price target of $20.08.

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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