one8zero8 LLC Has $2.29 Million Stake in SailPoint, Inc. $SAIL

one8zero8 LLC grew its position in SailPoint, Inc. (NASDAQ:SAIL) by 104.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 103,500 shares of the company’s stock after buying an additional 52,850 shares during the quarter. one8zero8 LLC’s holdings in SailPoint were worth $2,285,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Loomis Sayles & Co. L P bought a new position in SailPoint in the second quarter valued at approximately $42,000. State of Wyoming acquired a new stake in shares of SailPoint in the 2nd quarter valued at $45,000. Amalgamated Bank bought a new position in shares of SailPoint in the 2nd quarter valued at $71,000. BNP Paribas Financial Markets bought a new position in shares of SailPoint in the 2nd quarter valued at $79,000. Finally, California State Teachers Retirement System acquired a new position in shares of SailPoint during the 2nd quarter worth $87,000.

Insider Buying and Selling

In related news, EVP Chandrasekar Gnanasambandam sold 4,245 shares of the stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $19.57, for a total value of $83,074.65. Following the completion of the sale, the executive vice president directly owned 517,351 shares in the company, valued at $10,124,559.07. This represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Mitra Rezvan sold 3,782 shares of the firm’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $19.57, for a total value of $74,013.74. Following the transaction, the chief accounting officer directly owned 119,109 shares of the company’s stock, valued at approximately $2,330,963.13. This represents a 3.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 354,243 shares of company stock valued at $6,924,823 over the last quarter.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SAIL. BTIG Research reaffirmed a “buy” rating and issued a $29.00 price objective on shares of SailPoint in a research note on Thursday, January 8th. Cantor Fitzgerald reissued an “overweight” rating on shares of SailPoint in a report on Wednesday, December 3rd. The Goldman Sachs Group decreased their price target on shares of SailPoint from $25.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday. Robert W. Baird started coverage on shares of SailPoint in a research report on Monday, October 27th. They set an “outperform” rating and a $26.00 price objective for the company. Finally, Barclays cut their target price 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, fifteen have assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $25.92.

SailPoint Price Performance

SailPoint stock opened at $17.29 on Thursday. The business has a 50 day moving average of $19.51 and a 200-day moving average of $20.53. The company has a market capitalization of $9.71 billion and a P/E ratio of -3.61. SailPoint, Inc. has a 1 year low of $15.05 and a 1 year 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, 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 firm had revenue of $281.94 million for the quarter, compared to analyst estimates of $270.35 million. The firm’s 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.

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.