91,924 Shares of SailPoint, Inc. $SAIL Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of SailPoint, Inc. (NASDAQ:SAIL) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 91,924 shares of the company’s stock, valued at approximately $1,872,000.

Several other hedge funds also recently added to or reduced their stakes in the company. State of Wyoming raised its position in SailPoint by 33.4% in the 3rd quarter. State of Wyoming now owns 5,089 shares of the company’s stock worth $104,000 after purchasing an additional 1,274 shares during the period. Moody Aldrich Partners LLC bought a new position in shares of SailPoint during the third quarter valued at approximately $3,607,000. Park Avenue Securities LLC raised its holdings in shares of SailPoint by 51.2% in the third quarter. Park Avenue Securities LLC now owns 19,071 shares of the company’s stock worth $388,000 after buying an additional 6,455 shares during the period. Verdence Capital Advisors LLC bought a new stake in shares of SailPoint during the 3rd quarter worth approximately $254,000. Finally, WINTON GROUP Ltd boosted its holdings in SailPoint by 171.8% during the 2nd quarter. WINTON GROUP Ltd now owns 64,954 shares of the company’s stock valued at $951,000 after acquiring an additional 41,054 shares during the period.

Insiders Place Their Bets

In related news, Director James Hagan sold 4,205 shares of SailPoint stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $22.50, for a total transaction of $94,612.50. Following the transaction, the director directly owned 94,125 shares of the company’s stock, valued at $2,117,812.50. This trade represents a 4.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mark D. Mcclain sold 115,356 shares of the business’s stock in a transaction that occurred on Wednesday, October 7th. The stock was sold at an average price of $19.71, for a total transaction of $2,273,666.76. Following the completion of the transaction, the chief executive officer directly 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 position. Additional details regarding this sale are available in the official SEC disclosure. 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. In the last 90 days, insiders have sold 515,009 shares of company stock worth $10,310,350. 1.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Mizuho set a $19.00 price objective on SailPoint in a research report on Wednesday, September 9th. Oppenheimer assumed coverage on SailPoint in a research report on Wednesday, October 7th. They set an “outperform” rating and a $30.00 target price for the company. TD Cowen restated a “buy” rating on shares of SailPoint in a report on Wednesday, September 9th. DA Davidson reaffirmed a “neutral” rating and issued a $17.00 price target on shares of SailPoint in a research note on Thursday, September 10th. Finally, Scotiabank reiterated an “outperform” rating on shares of SailPoint in a report on Monday, October 5th. Twenty-one research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.20.

SailPoint Trading Up 4.5%

SAIL opened at $19.21 on Friday. The company has a market capitalization of $10.97 billion, a price-to-earnings ratio of -56.50, a PEG ratio of 2.03 and a beta of 2.08. SailPoint, Inc. has a 12-month low of $10.30 and a 12-month high of $22.62. The business’s fifty day simple moving average is $19.94 and its 200-day simple moving average is $16.15.

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

About SailPoint

SailPoint Technologies provides identity security software that helps organizations manage and protect access to applications, data and other digital resources. Its platform supports identity governance, access reviews, automated provisioning and policy enforcement for employees, contractors and other users, as well as non-human identities such as software bots.

The company offers cloud-based and customer-managed products, including SailPoint Identity Security Cloud and IdentityIQ. These tools help organizations apply access controls, streamline identity-related processes and meet security and compliance requirements.

Founded in 2005 and headquartered in Austin, Texas, SailPoint serves organizations around the world.