Marshall Wace LLP Takes Position in SailPoint, Inc. $SAIL

Marshall Wace LLP bought a new position in shares of SailPoint, Inc. (NASDAQ:SAIL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 530,957 shares of the company’s stock, valued at approximately $12,138,000.

Several other hedge funds and other institutional investors have also bought and sold shares of SAIL. Loomis Sayles & Co. L P bought a new stake in SailPoint during the second quarter valued at $42,000. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of SailPoint during the 1st quarter valued at about $49,000. Quarry LP acquired a new stake in SailPoint during the first quarter worth approximately $70,000. Amalgamated Bank bought a new stake in SailPoint in the second quarter worth approximately $71,000. Finally, PNC Financial Services Group Inc. bought a new stake in SailPoint in the first quarter worth approximately $150,000.

SailPoint Stock Performance

SAIL stock opened at $21.02 on Thursday. The business has a 50-day simple moving average of $20.72 and a two-hundred day simple moving average of $20.85. The company has a market capitalization of $11.70 billion and a P/E ratio of -4.39. SailPoint, Inc. has a 52-week low of $15.05 and a 52-week high of $26.35.

SailPoint (NASDAQ:SAIL) last posted its earnings results on Tuesday, December 9th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. SailPoint had a positive return on equity of 0.22% and a negative net margin of 30.87%.The company had revenue of $281.94 million for the quarter, compared to analyst estimates of $270.35 million. The business’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.

Insider Activity

In related news, CFO Brian Carolan sold 84,699 shares of the business’s stock in a transaction dated Thursday, October 9th. The shares were sold at an average price of $22.42, for a total transaction of $1,898,951.58. Following the transaction, the chief financial officer directly owned 1,336,628 shares in the company, valued at approximately $29,967,199.76. The trade was a 5.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Christopher Schmitt sold 34,186 shares of the stock in a transaction dated Thursday, October 9th. The shares were 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 owned 1,069,864 shares of the company’s stock, valued at approximately $23,986,350.88. This trade represents a 3.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,026,454 shares of company stock valued at $23,056,195 over the last ninety days. Company insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SAIL. Scotiabank cut their price target on SailPoint from $25.00 to $24.00 and set a “sector outperform” rating on the stock in a report on Wednesday. Barclays decreased their price target on shares of SailPoint from $25.00 to $23.00 and set an “overweight” rating for the company in a research note on Thursday, December 4th. BMO Capital Markets dropped their price objective on shares of SailPoint from $27.00 to $25.00 and set an “outperform” rating on the stock in a report on Tuesday, September 9th. JPMorgan Chase & Co. raised shares of SailPoint from a “neutral” rating to an “overweight” rating and set a $26.00 price objective on the stock in a research report on Wednesday, August 13th. Finally, Berenberg Bank began coverage on SailPoint in a research report on Tuesday, November 18th. They issued a “buy” rating and a $31.70 target price for the company. Three equities research 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 issued a Sell rating to the stock. According to MarketBeat, SailPoint has a consensus rating of “Moderate Buy” and a consensus target price of $26.15.

SailPoint Company Profile

SailPoint, Inc delivers solutions to enable comprehensive identity security for the enterprise. Its solutions enable organizations to establish, control, and automate policies that help them define and maintain a robust security posture and achieve regulatory compliance. The company was founded by Mark David McClain in 2005 and is headquartered in Austin, TX.