393,800 Shares in SailPoint, Inc. $SAIL Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC purchased a new stake in shares of SailPoint, Inc. (NASDAQ:SAIL) in the first quarter, Holdings Channel.com reports. The fund purchased 393,800 shares of the company’s stock, valued at approximately $5,214,000.

Several other institutional investors have also recently bought and sold shares of SAIL. Palladiem LLC acquired a new position in SailPoint in the fourth quarter worth $42,000. Kestra Advisory Services LLC acquired a new stake in shares of SailPoint in the fourth quarter valued at $42,000. State of Wyoming bought a new position in shares of SailPoint in the second quarter valued at about $45,000. CWM LLC raised its holdings in shares of SailPoint by 315.6% in the fourth quarter. CWM LLC now owns 2,656 shares of the company’s stock valued at $54,000 after buying an additional 2,017 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in SailPoint by 208.2% during the 4th quarter. Farther Finance Advisors LLC now owns 3,070 shares of the company’s stock worth $62,000 after buying an additional 2,074 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on SAIL shares. Cantor Fitzgerald reissued an “overweight” rating and set a $23.00 price objective on shares of SailPoint in a report on Wednesday, June 17th. Scotiabank reiterated a “sector outperform” rating and set a $19.00 target price (up from $16.00) on shares of SailPoint in a research report on Tuesday, June 9th. TD Cowen reissued a “buy” rating on shares of SailPoint in a research note on Wednesday, June 17th. BMO Capital Markets reissued an “outperform” rating on shares of SailPoint in a report on Wednesday, June 10th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $19.00 price objective on shares of SailPoint in a research report on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, SailPoint has an average rating of “Moderate Buy” and a consensus price target of $19.94.

SailPoint Trading Up 2.5%

Shares of NASDAQ:SAIL opened at $17.84 on Thursday. SailPoint, Inc. has a 1-year low of $10.30 and a 1-year high of $24.00. The stock has a market capitalization of $10.12 billion, a P/E ratio of -66.07, a P/E/G ratio of 1.93 and a beta of 2.08. The business has a 50-day moving average price of $15.42 and a two-hundred day moving average price of $14.50.

SailPoint (NASDAQ:SAIL) last issued its earnings results on Tuesday, June 9th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. SailPoint had a negative net margin of 14.04% and a positive return on equity of 2.31%. The company had revenue of $280.14 million for the quarter. During the same period last year, the business posted $0.01 EPS. The firm’s revenue for the quarter was up 21.5% compared to the same quarter last year. SailPoint has set its Q2 2027 guidance at 0.070-0.080 EPS and its FY 2027 guidance at 0.300-0.340 EPS. As a group, equities analysts predict that SailPoint, Inc. will post 0.33 EPS for the current year.

Insiders Place Their Bets

In other SailPoint news, insider Abby Payne sold 21,542 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $16.29, for a total value of $350,919.18. Following the transaction, the insider directly owned 908,964 shares of the company’s stock, valued at approximately $14,807,023.56. This trade represents a 2.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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, President Matt Mills sold 43,485 shares of SailPoint stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $16.29, for a total transaction of $708,370.65. Following the sale, the president directly owned 2,407,849 shares of the company’s stock, valued at $39,223,860.21. This represents a 1.77% 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. Insiders sold a total of 497,832 shares of company stock valued at $7,934,851 over the last three months. 1.70% of the stock is owned by insiders.

About SailPoint

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.