Franklin Resources Inc. Reduces Stock Holdings in SailPoint, Inc. $SAIL

Franklin Resources Inc. lessened its stake in shares of SailPoint, Inc. (NASDAQ:SAIL) by 37.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,296,319 shares of the company’s stock after selling 764,692 shares during the period. Franklin Resources Inc.’s holdings in SailPoint were worth $29,634,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. purchased a new position in SailPoint during the first quarter worth $94,194,000. Alliancebernstein L.P. purchased a new stake in shares of SailPoint in the first quarter valued at $55,644,000. Voya Investment Management LLC bought a new stake in shares of SailPoint in the 1st quarter worth about $53,616,000. T. Rowe Price Investment Management Inc. bought a new stake in shares of SailPoint in the 1st quarter worth about $46,875,000. Finally, Ameriprise Financial Inc. purchased a new position in shares of SailPoint during the 1st quarter worth about $42,585,000.

SailPoint Price Performance

Shares of SAIL stock opened at $18.36 on Thursday. The company’s 50-day simple moving average is $21.30 and its two-hundred day simple moving average is $20.77. SailPoint, Inc. has a one year low of $15.05 and a one year high of $26.35. The company has a market capitalization of $10.22 billion and a P/E ratio of -4.36.

SailPoint (NASDAQ:SAIL) last announced its quarterly earnings results on Tuesday, September 9th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. The firm had revenue of $264.36 million during the quarter, compared to analysts’ expectations of $243.41 million. The company’s revenue for the quarter was up 32.9% compared to the same quarter last year. SailPoint has set its FY 2026 guidance at 0.200-0.220 EPS. Q3 2026 guidance at 0.050-0.06 EPS.

Insider Transactions at SailPoint

In other news, CEO Mark D. Mcclain sold 175,425 shares of the firm’s stock in a transaction on Thursday, October 9th. The stock was sold at an average price of $22.42, for a total transaction of $3,933,028.50. Following the transaction, the chief executive officer owned 7,200,308 shares in the company, valued at approximately $161,430,905.36. This trade represents a 2.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Christopher Schmitt sold 34,186 shares of SailPoint stock in a transaction dated Thursday, October 9th. The shares were sold at an average price of $22.42, for a total value 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 $23,986,350.88. The trade was a 3.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,026,454 shares of company stock worth $23,056,195 over the last quarter. 2.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on SAIL shares. BTIG Research reissued a “buy” rating and issued a $29.00 price objective on shares of SailPoint in a research report on Tuesday, September 30th. JPMorgan Chase & Co. raised SailPoint from a “neutral” rating to an “overweight” rating and set a $26.00 target price on the stock in a research note on Wednesday, August 13th. Mizuho reduced their price target on SailPoint from $25.00 to $24.00 and set a “neutral” rating on the stock in a report on Monday, November 17th. Baird R W raised SailPoint to a “strong-buy” rating in a research note on Monday, October 27th. Finally, Robert W. Baird assumed coverage on SailPoint in a report on Monday, October 27th. They set an “outperform” rating and a $26.00 price objective for the company. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $25.88.

About SailPoint

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.