Moody Aldrich Partners LLC Acquires 177,154 Shares of SailPoint, Inc. $SAIL

Key Points

• Moody Aldrich Partners acquired 177,154 SailPoint shares in the third quarter, valued at approximately $3.6 million. Other major institutions, including Wasatch Advisors and BlackRock, also established or increased positions.
• Analyst sentiment remains positive, with 21 Buy ratings, six Holds and one Sell rating. SailPoint has a “Moderate Buy” consensus rating and an average price target of $22.20.
• SailPoint reported quarterly EPS of $0.09, beating estimates by $0.01, while revenue rose 17% year over year to $308.81 million. Insiders sold shares under pre-arranged plans primarily to cover tax withholding obligations.

Moody Aldrich Partners LLC bought a new position in SailPoint, Inc. (NASDAQ:SAIL - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 177,154 shares of the company's stock, valued at approximately $3,607,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SAIL. Wasatch Advisors LP purchased a new position in shares of SailPoint during the second quarter valued at about $66,173,000. BlackRock Inc. bought a new position in SailPoint in the second quarter worth about $65,050,000. Stephens Investment Management Group LLC lifted its holdings in SailPoint by 51.0% in the first quarter. Stephens Investment Management Group LLC now owns 2,895,700 shares of the company's stock worth $38,339,000 after buying an additional 978,376 shares during the period. Bank of America Corp DE lifted its holdings in SailPoint by 40.1% in the first quarter. Bank of America Corp DE now owns 1,764,870 shares of the company's stock worth $23,367,000 after buying an additional 504,726 shares during the period. Finally, Freestone Grove Partners LP purchased a new stake in SailPoint in the second quarter worth about $21,266,000.

Insiders Place Their Bets

In other news, EVP Chandrasekar Gnanasambandam sold 22,609 shares of the stock in a transaction that occurred on Wednesday, October 7th. The shares were sold at an average price of $19.71, for a total transaction of $445,623.39. Following the sale, the executive vice president owned 898,821 shares in the company, valued at $17,715,761.91. This represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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 52,822 shares of the stock in a transaction that occurred on Wednesday, October 7th. The shares were sold at an average price of $19.71, for a total transaction of $1,041,121.62. Following the sale, the chief financial officer owned 1,626,381 shares in the company, valued at approximately $32,055,969.51. The trade was a 3.15% decrease in their position. 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 three months, insiders sold 515,009 shares of company stock valued at $10,310,350. 1.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on SAIL shares. Scotiabank reaffirmed an "outperform" rating on shares of SailPoint in a research report on Monday, October 5th. Wells Fargo & Company increased their target price on SailPoint from $19.00 to $22.00 and gave the stock an "overweight" rating in a research report on Monday, August 17th. Cantor Fitzgerald increased their target price on SailPoint from $25.00 to $27.00 and gave the stock an "overweight" rating in a research report on Friday, October 9th. Roth Capital restated a "buy" rating and issued a $21.00 target price (up from $19.00) on shares of SailPoint in a research note on Thursday, September 10th. Finally, Rosenblatt Securities restated a "neutral" rating and set a $17.00 price target on shares of SailPoint in a research report on Thursday, September 10th. Twenty-one analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $22.20.

SailPoint Price Performance

Shares of NASDAQ:SAIL opened at $22.28 on Thursday. SailPoint, Inc. has a 1-year low of $10.30 and a 1-year high of $22.72. The business has a fifty day moving average price of $19.79 and a 200-day moving average price of $16.12. The company has a market capitalization of $12.72 billion, a PE ratio of -65.53, a PEG ratio of 2.31 and a beta of 2.15.

SailPoint (NASDAQ:SAIL - Get Free Report) last posted its quarterly earnings results on Wednesday, September 9th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. The firm had revenue of $308.81 million during the quarter. SailPoint had a positive return on equity of 2.44% and a negative net margin of 16.92%. SailPoint's revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.02) EPS. SailPoint has set its FY 2027 guidance at 0.300-0.340 EPS and its Q3 2027 guidance at 0.070-0.080 EPS. On average, sell-side analysts anticipate that SailPoint, Inc. will post 0.33 earnings per share for the current fiscal year.

About SailPoint

SailPoint Technologies, Inc NASDAQ: SAIL provides identity security software that helps organizations manage and protect digital identities and access to applications, data, and other technology resources. Its platform is designed to support identity governance, access management, compliance, and security operations across complex information-technology environments.

The company's offerings include SailPoint Identity Security Cloud, a cloud-based platform for managing workforce and machine identities, as well as identity governance and administration capabilities delivered through its broader SailPoint platform.

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