Stephens Investment Management Group LLC Purchases 275,740 Shares of SailPoint, Inc. $SAIL

Key Points

• Stephens Investment Management Group LLC increased its stake in SailPoint, Inc. by 22.3%, acquiring an additional 275,740 shares, bringing its total to 1,513,754 shares valued at approximately $34.6 million.
• SailPoint recently reported quarterly earnings of $0.07 EPS, surpassing estimates, and revenue of $264.36 million, which is a 32.9% year-over-year increase.
• Analysts have mixed ratings on SailPoint, with a consensus rating of "Moderate Buy" and an average target price of $25.64, reflecting various upgrade and downgrade reports from several brokerages.

Stephens Investment Management Group LLC boosted its position in shares of SailPoint, Inc. (NASDAQ:SAIL - Free Report) by 22.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,513,754 shares of the company's stock after purchasing an additional 275,740 shares during the period. Stephens Investment Management Group LLC owned about 0.27% of SailPoint worth $34,604,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. bought a new position in SailPoint during the 2nd quarter valued at about $371,000. Mirae Asset Global Investments Co. Ltd. bought a new position in SailPoint during the 2nd quarter valued at about $702,000. Pinnacle Investment Management Ltd bought a new position in SailPoint during the 2nd quarter valued at about $1,600,000. Renaissance Capital LLC lifted its holdings in SailPoint by 30.0% during the 2nd quarter. Renaissance Capital LLC now owns 65,569 shares of the company's stock valued at $1,499,000 after purchasing an additional 15,114 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in SailPoint during the 2nd quarter valued at about $427,000.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SAIL. Arete Research raised shares of SailPoint to a "strong sell" rating and set a $16.00 price target for the company in a report on Monday, July 7th. Wells Fargo & Company boosted their target price on shares of SailPoint from $20.00 to $23.00 and gave the stock an "equal weight" rating in a research note on Tuesday, September 30th. BTIG Research reaffirmed a "buy" rating and issued a $29.00 target price on shares of SailPoint in a research note on Tuesday, September 30th. BMO Capital Markets dropped their target price on shares of SailPoint from $27.00 to $25.00 and set an "outperform" rating for the company in a research note on Tuesday, September 9th. Finally, Scotiabank started coverage on shares of SailPoint in a research note on Wednesday, September 3rd. They issued a "sector outperform" rating and a $25.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $25.64.

SailPoint Trading Up 0.4%

Shares of NASDAQ:SAIL opened at $22.68 on Wednesday. SailPoint, Inc. has a one year low of $15.05 and a one year high of $26.35. The company has a 50 day moving average of $21.55 and a 200-day moving average of $20.20.

SailPoint (NASDAQ:SAIL - Get Free Report) last issued its quarterly earnings results on Tuesday, September 9th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.04 by $0.03. The business had revenue of $264.36 million for the quarter, compared to analyst estimates of $243.41 million. The company's revenue for the quarter was up 32.9% on a year-over-year basis. SailPoint has set its FY 2026 guidance at 0.200-0.220 EPS. Q3 2026 guidance at 0.050-0.06 EPS.

Insider Activity at SailPoint

In other news, Director Ronald J. Green sold 8,450 shares of SailPoint stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $21.84, for a total transaction of $184,548.00. Following the completion of the sale, the director owned 35,211 shares in the company, valued at $769,008.24. The trade was a 19.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Abby Payne sold 31,481 shares of SailPoint stock in a transaction that occurred on Thursday, October 9th. The stock was sold at an average price of $22.42, for a total transaction of $705,804.02. Following the sale, the insider owned 702,683 shares of the company's stock, valued at approximately $15,754,152.86. This represents a 4.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,026,454 shares of company stock worth $23,056,195 over the last 90 days.

SailPoint Company Profile

SailPoint, Inc delivers solutions to enable comprehensive identity security for the enterprise. Its solutions enable organizations to establish, control, and automate policies that help them define and maintain a robust security posture and achieve regulatory compliance. The company was founded by Mark David McClain in 2005 and is headquartered in Austin, TX.

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