UBS Group AG Sells 214,299 Shares of SailPoint, Inc. $SAIL

Key Points

• UBS Group AG trimmed its SailPoint position by 5.2%, selling 214,299 shares in Q4 and now holds 3,913,739 shares (~0.70% of the company) valued at about $79.2 million.
• SailPoint reported quarterly EPS of $0.08 (in line with estimates) and revenue of $294.65 million, up 22.9% year‑over‑year, but still showed a negative net margin of 25.2%.
• Insiders have sold a total of 526,962 shares in the last 90 days (including the president and general counsel under 10b5‑1 plans), and several analysts cut targets though the consensus price target is about $21.35 while the stock trades near $12.

UBS Group AG decreased its position in shares of SailPoint, Inc. (NASDAQ:SAIL - Free Report) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,913,739 shares of the company's stock after selling 214,299 shares during the period. UBS Group AG owned about 0.70% of SailPoint worth $79,175,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in SailPoint during the 4th quarter worth approximately $910,000. CWM LLC raised its position in SailPoint by 315.6% in the 4th quarter. CWM LLC now owns 2,656 shares of the company's stock valued at $54,000 after purchasing an additional 2,017 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in SailPoint by 208.2% in the fourth quarter. Farther Finance Advisors LLC now owns 3,070 shares of the company's stock worth $62,000 after purchasing an additional 2,074 shares in the last quarter. AMI Asset Management Corp boosted its stake in SailPoint by 70.9% in the fourth quarter. AMI Asset Management Corp now owns 36,743 shares of the company's stock worth $743,000 after purchasing an additional 15,240 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of SailPoint during the fourth quarter worth $216,000.

SailPoint Price Performance

Shares of SAIL opened at $12.07 on Monday. The stock's fifty day simple moving average is $12.99 and its 200-day simple moving average is $17.02. The firm has a market capitalization of $6.85 billion, a PE ratio of -21.55 and a beta of 1.10. SailPoint, Inc. has a 12-month low of $10.30 and a 12-month high of $24.95.

SailPoint (NASDAQ:SAIL - Get Free Report) last announced its quarterly earnings data on Wednesday, March 18th. The company reported $0.08 earnings per share for the quarter, hitting the consensus estimate of $0.08. SailPoint had a positive return on equity of 1.95% and a negative net margin of 25.20%.The firm had revenue of $294.65 million during the quarter. During the same period in the prior year, the firm posted ($4.29) earnings per share. The business's revenue for the quarter was up 22.9% compared to the same quarter last year. Analysts anticipate that SailPoint, Inc. will post 0.32 EPS for the current year.

Insider Buying and Selling at SailPoint

In related news, President Matt Mills sold 34,171 shares of the stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $11.46, for a total value of $391,599.66. Following the transaction, the president directly owned 2,451,334 shares in the company, valued at $28,092,287.64. This represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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, General Counsel Christopher Schmitt sold 18,813 shares of the firm's stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $11.46, for a total transaction of $215,596.98. Following the completion of the transaction, the general counsel directly owned 1,355,551 shares in the company, valued at approximately $15,534,614.46. The trade was a 1.37% decrease in their ownership of the stock. 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 526,962 shares of company stock valued at $6,420,108 over the last 90 days. Company insiders own 2.00% of the company's stock.

Analyst Ratings Changes

SAIL has been the subject of a number of research analyst reports. Royal Bank Of Canada cut their price target on SailPoint from $23.00 to $19.00 and set an "outperform" rating for the company in a report on Thursday, March 19th. Truist Financial decreased their price objective on shares of SailPoint from $23.00 to $18.00 and set a "buy" rating on the stock in a report on Thursday, March 19th. Scotiabank lowered their price objective on shares of SailPoint from $24.00 to $16.00 and set a "sector outperform" rating for the company in a research report on Thursday, March 19th. Wells Fargo & Company dropped their target price on shares of SailPoint from $17.00 to $16.00 and set an "overweight" rating for the company in a research note on Thursday, March 19th. Finally, FBN Securities began coverage on shares of SailPoint in a research report on Tuesday, February 24th. They set an "outperform" rating and a $18.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $21.35.

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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