Susquehanna Fundamental Investments LLC Purchases Shares of 482,954 SailPoint, Inc. $SAIL

Key Points

• Susquehanna Fundamental Investments acquired 482,954 SailPoint shares worth approximately $7.07 million during the second quarter, joining several other institutional investors that initiated positions.
• SailPoint reported quarterly revenue of $280.14 million, up 21.5% year over year, and adjusted EPS of $0.05, exceeding estimates of $0.04. The company provided fiscal 2027 EPS guidance of $0.30–$0.34.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $20.26, although insiders sold $7.81 million of stock over the past 90 days, primarily through pre-arranged plans to cover tax obligations.

Susquehanna Fundamental Investments LLC acquired a new position in shares of SailPoint, Inc. (NASDAQ:SAIL - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 482,954 shares of the company's stock, valued at approximately $7,070,000. Susquehanna Fundamental Investments LLC owned about 0.09% of SailPoint at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of SailPoint in the 2nd quarter worth about $50,000. Wellington Management Group LLP acquired a new position in SailPoint during the 2nd quarter valued at about $4,781,000. Public Employees Retirement System of Ohio bought a new stake in SailPoint during the 2nd quarter worth approximately $273,000. Corient Private Wealth LP purchased a new stake in shares of SailPoint in the second quarter worth approximately $379,000. Finally, Bamco Inc. NY bought a new position in shares of SailPoint in the second quarter valued at approximately $15,914,000.

Insiders Place Their Bets

In related news, EVP Chandrasekar Gnanasambandam sold 19,540 shares of the company's stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $15.42, for a total transaction of $301,306.80. Following the sale, the executive vice president directly owned 934,508 shares in the company, valued at approximately $14,410,113.36. This represents a 2.05% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 93,260 shares of the firm's stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $15.42, for a total value of $1,438,069.20. Following the completion of the transaction, the chief executive officer owned 8,093,870 shares of the company's stock, valued at approximately $124,807,475.40. This represents a 1.14% 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. Insiders sold a total of 491,559 shares of company stock worth $7,809,391 in the last ninety days. 1.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SAIL. The Goldman Sachs Group reiterated a "neutral" rating and set a $19.00 price target on shares of SailPoint in a report on Wednesday, June 10th. Mizuho lifted their price objective on shares of SailPoint from $16.00 to $18.00 and gave the stock a "neutral" rating in a report on Wednesday, August 19th. Barclays reduced their target price on shares of SailPoint from $22.00 to $19.00 and set an "overweight" rating for the company in a research note on Wednesday, June 10th. Morgan Stanley increased their target price on shares of SailPoint from $18.00 to $22.00 and gave the company an "overweight" rating in a report on Thursday, August 20th. Finally, TD Cowen boosted their price target on shares of SailPoint from $19.00 to $22.00 and gave the stock a "buy" rating in a report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, SailPoint currently has a consensus rating of "Moderate Buy" and an average target price of $20.26.

SailPoint Stock Performance

Shares of SAIL stock opened at $20.56 on Tuesday. SailPoint, Inc. has a 52 week low of $10.30 and a 52 week high of $24.00. The firm's 50-day simple moving average is $16.52 and its two-hundred day simple moving average is $14.82. The firm has a market cap of $11.66 billion, a price-to-earnings ratio of -76.15, a P/E/G ratio of 2.08 and a beta of 2.07.

SailPoint (NASDAQ:SAIL - Get Free Report) last posted its quarterly 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. SailPoint had a negative net margin of 14.04% and a positive return on equity of 2.31%. The company had revenue of $280.14 million for the quarter. During the same period last year, the firm posted $0.01 EPS. The company's revenue for the quarter was up 21.5% compared to the same quarter last year. SailPoint has set its Q2 2027 guidance at 0.070-0.080 EPS and its FY 2027 guidance at 0.300-0.340 EPS. Analysts forecast that SailPoint, Inc. will post 0.32 earnings per share for the current year.

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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