Voya Investment Management LLC Purchases 395,287 Shares of SailPoint, Inc. $SAIL

Voya Investment Management LLC increased its holdings in SailPoint, Inc. (NASDAQ:SAIL) by 10.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,309,070 shares of the company’s stock after purchasing an additional 395,287 shares during the period. Voya Investment Management LLC owned approximately 0.77% of SailPoint worth $95,144,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of SAIL. Vanguard Group Inc. purchased a new position in shares of SailPoint in the 1st quarter worth $94,194,000. Charles Schwab Investment Management Inc. bought a new position in shares of SailPoint in the 1st quarter valued at about $7,011,000. Nuveen LLC purchased a new position in SailPoint in the first quarter worth about $1,420,000. Russell Investments Group Ltd. bought a new stake in SailPoint during the first quarter worth approximately $1,112,000. Finally, Raymond James Financial Inc. purchased a new stake in SailPoint during the first quarter valued at approximately $3,441,000.

Insider Transactions at SailPoint

In other SailPoint news, General Counsel Christopher Schmitt sold 34,186 shares of SailPoint stock in a transaction on Thursday, October 9th. The stock was sold at an average price of $22.42, for a total transaction of $766,450.12. Following the completion of the sale, the general counsel directly owned 1,069,864 shares of the company’s stock, valued at $23,986,350.88. The trade was a 3.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Matt Mills sold 61,279 shares of the company’s stock in a transaction on Thursday, October 9th. The stock was sold at an average price of $22.42, for a total value of $1,373,875.18. Following the completion of the sale, the president owned 1,904,258 shares of the company’s stock, valued at $42,693,464.36. This represents a 3.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 1,026,454 shares of company stock valued at $23,056,195. Company insiders own 2.00% of the company’s stock.

SailPoint Price Performance

Shares of SAIL opened at $21.02 on Friday. The firm has a market capitalization of $11.81 billion and a price-to-earnings ratio of -4.39. SailPoint, Inc. has a 1-year low of $15.05 and a 1-year high of $26.35. The company has a 50-day moving average of $20.46 and a 200 day moving average of $21.00.

SailPoint (NASDAQ:SAIL) last issued its earnings results on Tuesday, December 9th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. SailPoint had a negative net margin of 30.87% and a positive return on equity of 0.16%. The business had revenue of $281.94 million for the quarter, compared to the consensus estimate of $270.35 million. SailPoint’s quarterly revenue was up 19.8% compared to the same quarter last year. SailPoint has set its FY 2026 guidance at 0.220-0.230 EPS and its Q4 2026 guidance at 0.080-0.09 EPS.

Analyst Ratings Changes

A number of brokerages have recently commented on SAIL. Cantor Fitzgerald reiterated an “overweight” rating on shares of SailPoint in a report on Wednesday, December 3rd. Wolfe Research assumed coverage on shares of SailPoint in a research report on Monday, October 20th. They set an “outperform” rating and a $27.00 price objective on the stock. Morgan Stanley upgraded shares of SailPoint from an “equal weight” rating to an “overweight” rating and set a $25.00 target price for the company in a report on Tuesday, September 2nd. Mizuho cut their price target on shares of SailPoint from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, December 9th. Finally, Barclays reduced their price objective on shares of SailPoint from $25.00 to $23.00 and set an “overweight” rating on the stock in a research report on Thursday, December 4th. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, SailPoint has a consensus rating of “Moderate Buy” and an average price target of $26.15.

SailPoint Company 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.