Moody Aldrich Partners LLC Purchases 177,154 Shares of SailPoint, Inc. $SAIL

Moody Aldrich Partners LLC acquired a new stake in shares of SailPoint, Inc. (NASDAQ:SAIL) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 177,154 shares of the company’s stock, valued at approximately $3,607,000.

Other large investors also recently bought and sold shares of the company. Gables Capital Management Inc. purchased a new position in SailPoint in the 2nd quarter worth about $29,000. Northwestern Mutual Wealth Management Co. bought a new position in SailPoint during the 2nd quarter valued at about $50,000. State of Wyoming bought a new position in SailPoint during the 2nd quarter valued at about $56,000. Legal & General Group Plc purchased a new stake in shares of SailPoint during the 2nd quarter valued at about $94,000. Finally, FNY Investment Advisers LLC boosted its holdings in shares of SailPoint by 12.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 8,400 shares of the company’s stock valued at $122,000 after acquiring an additional 900 shares during the last quarter.

Analyst Upgrades and Downgrades

SAIL has been the subject of a number of research analyst reports. Stephens reiterated an “overweight” rating on shares of SailPoint in a research note on Monday, October 12th. Royal Bank Of Canada increased their price objective on shares of SailPoint from $19.00 to $22.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Oppenheimer initiated coverage on shares of SailPoint in a report on Wednesday, October 7th. They issued an “outperform” rating and a $30.00 target price on the stock. TD Cowen restated a “buy” rating on shares of SailPoint in a report on Wednesday, September 9th. Finally, Weiss Ratings raised shares of SailPoint from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, August 13th. Twenty-one investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $22.20.

Insider Transactions at SailPoint

In related news, President Matt Mills sold 42,442 shares of the firm’s stock in a transaction that occurred on Wednesday, October 7th. The shares were sold at an average price of $19.71, for a total value of $836,531.82. Following the transaction, the president owned 2,292,872 shares of the company’s stock, valued at approximately $45,192,507.12. This trade represents a 1.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 McClain sold 115,356 shares of the business’s stock in a transaction that occurred on Wednesday, October 7th. The shares were sold at an average price of $19.71, for a total transaction of $2,273,666.76. Following the sale, the chief executive officer owned 7,874,621 shares of the company’s stock, valued at $155,208,779.91. This trade represents a 1.44% 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. Over the last ninety days, insiders have sold 515,009 shares of company stock worth $10,310,350. 1.70% of the stock is currently owned by corporate insiders.

SailPoint Stock Performance

SAIL stock opened at $22.28 on Thursday. The company has a market cap of $12.72 billion, a price-to-earnings ratio of -65.53, a P/E/G ratio of 2.31 and a beta of 2.15. The business’s 50-day moving average is $19.79 and its two-hundred day moving average is $16.12. SailPoint, Inc. has a fifty-two week low of $10.30 and a fifty-two week high of $22.72.

SailPoint (NASDAQ:SAIL) last released its quarterly earnings results on Wednesday, September 9th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $308.81 million during the quarter. SailPoint had a positive return on equity of 2.44% and a negative net margin of 16.92%. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.02) earnings per share. SailPoint has set its FY 2027 guidance at 0.300-0.340 EPS and its Q3 2027 guidance at 0.070-0.080 EPS. Equities analysts predict that SailPoint, Inc. will post 0.33 earnings per share for the current year.

About SailPoint

SailPoint Technologies, Inc (NASDAQ:SAIL) provides identity security software that helps organizations manage and protect digital identities and access to applications, data, and other technology resources. Its platform is designed to support identity governance, access management, compliance, and security operations across complex information-technology environments.

The company’s offerings include SailPoint Identity Security Cloud, a cloud-based platform for managing workforce and machine identities, as well as identity governance and administration capabilities delivered through its broader SailPoint platform.