Maridea Wealth Management LLC Buys New Position in SailPoint, Inc. $SAIL

Maridea Wealth Management LLC bought a new position in shares of SailPoint, Inc. (NASDAQ:SAIL) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 134,333 shares of the company’s stock, valued at approximately $1,967,000.

A number of other hedge funds have also added to or reduced their stakes in SAIL. Palladiem LLC bought a new position in shares of SailPoint during the 4th quarter worth approximately $42,000. Kestra Advisory Services LLC acquired a new stake in shares of SailPoint during the 4th quarter worth approximately $42,000. State of Wyoming bought a new stake in shares of SailPoint in the 2nd quarter valued at $45,000. CWM LLC increased its stake in shares of SailPoint by 315.6% in the 4th quarter. CWM LLC now owns 2,656 shares of the company’s stock valued at $54,000 after acquiring an additional 2,017 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of SailPoint by 208.2% in the 4th quarter. Farther Finance Advisors LLC now owns 3,070 shares of the company’s stock valued at $62,000 after acquiring an additional 2,074 shares in the last quarter.

Analyst Ratings Changes

SAIL has been the topic of several research analyst reports. Wolfe Research reissued an “outperform” rating and set a $18.00 target price on shares of SailPoint in a research note on Wednesday, June 10th. Wells Fargo & Company lifted their price target on shares of SailPoint from $17.00 to $19.00 and gave the company an “overweight” rating in a research note on Wednesday, June 10th. Royal Bank Of Canada upped their price objective on shares of SailPoint from $19.00 to $22.00 and gave the company an “outperform” rating in a report on Friday. Rosenblatt Securities began coverage on shares of SailPoint in a research report on Wednesday, July 8th. They set a “neutral” rating and a $16.00 price objective on the stock. Finally, Bank of America restated a “neutral” rating and issued a $16.00 target price on shares of SailPoint in a research note on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $20.08.

SailPoint Stock Down 2.3%

NASDAQ SAIL opened at $19.53 on Friday. SailPoint, Inc. has a 52 week low of $10.30 and a 52 week high of $24.00. The business has a 50 day moving average price of $15.49 and a 200-day moving average price of $14.58. The company has a market cap of $11.08 billion, a price-to-earnings ratio of -72.33, a P/E/G ratio of 2.17 and a beta of 2.08.

SailPoint (NASDAQ:SAIL) last issued its earnings results on Tuesday, June 9th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. SailPoint had a positive return on equity of 2.31% and a negative net margin of 14.04%.The company had revenue of $280.14 million for the quarter. During the same quarter in the prior year, the business earned $0.01 earnings per share. SailPoint’s revenue for the quarter was up 21.5% on a year-over-year basis. SailPoint has set its Q2 2027 guidance at 0.070-0.080 EPS and its FY 2027 guidance at 0.300-0.340 EPS. On average, equities research analysts anticipate that SailPoint, Inc. will post 0.32 earnings per share for the current year.

Insider Activity

In other SailPoint news, CFO Brian Carolan sold 46,002 shares of the firm’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $15.42, for a total value of $709,350.84. Following the transaction, the chief financial officer directly owned 1,707,742 shares of the company’s stock, valued at approximately $26,333,381.64. This trade represents a 2.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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, General Counsel Christopher Schmitt sold 23,940 shares of the firm’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $16.29, for a total transaction of $389,982.60. Following the completion of the transaction, the general counsel directly owned 1,331,611 shares in the company, valued at $21,691,943.19. This trade represents a 1.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 499,046 shares of company stock valued at $7,959,131. 1.70% of the stock is currently owned by insiders.

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.