SailPoint, Inc. $SAIL Shares Purchased by OFI Invest Asset Management

Key Points

• OFI Invest Asset Management boosted its SailPoint stake by 79.6%, buying 401,431 shares to hold 905,653 shares valued at about $18.32 million (≈0.16% ownership).
• In the latest quarter SailPoint reported EPS of $0.08 (meeting estimates) and revenue of $294.65 million, up 22.9% year‑over‑year, but the company still posted a negative net margin of 25.2%.
• Analysts are mixed but the consensus is a Moderate Buy with a $21.35 target amid several price‑target cuts; the stock trades around $12.41 (down 3.2%), with a $7.0 billion market cap and a 12‑month range of $11.52–$24.95.

OFI Invest Asset Management boosted its position in SailPoint, Inc. (NASDAQ:SAIL - Free Report) by 79.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 905,653 shares of the company's stock after purchasing an additional 401,431 shares during the period. OFI Invest Asset Management owned approximately 0.16% of SailPoint worth $18,321,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in SailPoint by 4.3% in the third quarter. Vanguard Group Inc. now owns 5,317,789 shares of the company's stock worth $117,417,000 after purchasing an additional 219,375 shares during the period. Stephens Investment Management Group LLC lifted its position in SailPoint by 10.9% in the third quarter. Stephens Investment Management Group LLC now owns 1,679,495 shares of the company's stock worth $37,083,000 after purchasing an additional 165,741 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in SailPoint by 86.0% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 167,021 shares of the company's stock worth $3,688,000 after purchasing an additional 77,237 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in SailPoint in the third quarter worth approximately $26,365,000. Finally, NZS Capital LLC lifted its position in SailPoint by 186.6% in the third quarter. NZS Capital LLC now owns 1,747,161 shares of the company's stock worth $38,577,000 after purchasing an additional 1,137,643 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SAIL. JPMorgan Chase & Co. cut their price objective on SailPoint from $26.00 to $22.00 and set an "overweight" rating for the company in a research report on Thursday, March 19th. Cantor Fitzgerald reiterated an "overweight" rating and set a $23.00 price objective on shares of SailPoint in a research report on Monday, March 23rd. Mizuho cut their price objective on SailPoint from $23.00 to $20.00 and set a "neutral" rating for the company in a research report on Tuesday, February 17th. Weiss Ratings reiterated a "sell (d-)" rating on shares of SailPoint in a research report on Monday, December 29th. Finally, Scotiabank cut their price objective on SailPoint from $24.00 to $16.00 and set a "sector outperform" rating for the company in a research report on Thursday, March 19th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.35.

SailPoint Stock Down 3.2%

SAIL opened at $12.41 on Thursday. The stock has a fifty day moving average of $14.20 and a 200-day moving average of $18.28. The firm has a market capitalization of $7.00 billion, a P/E ratio of -22.16 and a beta of 2.38. SailPoint, Inc. has a 12-month low of $11.52 and a 12-month high of $24.95.

SailPoint (NASDAQ:SAIL - Get Free Report) last released its earnings results on Wednesday, March 18th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.08. The company had revenue of $294.65 million during the quarter. SailPoint had a positive return on equity of 1.95% and a negative net margin of 25.20%.SailPoint's revenue for the quarter was up 22.9% on a year-over-year basis. During the same quarter in the previous year, the company earned ($4.29) EPS.

SailPoint 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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