Oppenheimer Asset Management Inc. Acquires New Holdings in SailPoint, Inc. $SAIL

Oppenheimer Asset Management Inc. bought a new stake in shares of SailPoint, Inc. (NASDAQ:SAIL) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 188,779 shares of the company’s stock, valued at approximately $2,764,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Palladiem LLC purchased a new stake in shares of SailPoint in the fourth quarter valued at about $42,000. Kestra Advisory Services LLC purchased a new position in shares of SailPoint during the 4th quarter worth approximately $42,000. State of Wyoming purchased a new position in shares of SailPoint during the 2nd quarter worth approximately $45,000. CWM LLC increased its stake in shares of SailPoint by 315.6% during the 4th quarter. CWM LLC now owns 2,656 shares of the company’s stock worth $54,000 after purchasing an additional 2,017 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of 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 purchasing an additional 2,074 shares during the last quarter.

SailPoint Stock Performance

Shares of SAIL opened at $19.53 on Friday. The company has a market capitalization of $11.08 billion, a price-to-earnings ratio of -72.33, a PEG ratio of 2.17 and a beta of 2.08. The company’s 50 day simple moving average is $15.49 and its 200 day simple moving average is $14.58. SailPoint, Inc. has a 1 year low of $10.30 and a 1 year high of $24.00.

SailPoint (NASDAQ:SAIL) last announced 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. The firm had revenue of $280.14 million for the quarter. SailPoint had a negative net margin of 14.04% and a positive return on equity of 2.31%. The firm’s revenue was up 21.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.01 EPS. SailPoint has set its Q2 2027 guidance at 0.070-0.080 EPS and its FY 2027 guidance at 0.300-0.340 EPS. Equities analysts expect that SailPoint, Inc. will post 0.32 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on SAIL. Barclays reduced their target price on SailPoint from $22.00 to $19.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 10th. Weiss Ratings raised SailPoint from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday. Roth Capital assumed coverage on SailPoint in a research report on Wednesday, May 20th. They issued a “buy” rating and a $19.00 price objective on the stock. Bank of America reaffirmed a “neutral” rating and set a $16.00 price objective on shares of SailPoint in a research note on Friday, June 12th. Finally, Mizuho set a $16.00 price objective on SailPoint in a research note on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, SailPoint currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.08.

Insider Activity at SailPoint

In other news, CEO Mark D. Mcclain sold 118,194 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $16.29, for a total transaction of $1,925,380.26. Following the sale, the chief executive officer owned 8,187,130 shares in the company, valued at $133,368,347.70. This trade represents a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 shares were sold at an average price of $16.29, for a total value of $708,370.65. Following the completion of the sale, the president directly owned 2,407,849 shares of the company’s stock, valued at approximately $39,223,860.21. This represents a 1.77% decrease in their position. 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. Over the last quarter, insiders have sold 499,046 shares of company stock worth $7,959,131. Company insiders own 1.70% of the company’s stock.

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.