Oddo BHF Asset Management Sas Invests $8.04 Million in SailPoint, Inc. $SAIL

Oddo BHF Asset Management Sas purchased a new position in shares of SailPoint, Inc. (NASDAQ:SAIL) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 397,486 shares of the company’s stock, valued at approximately $8,041,000.

Other institutional investors also recently modified their holdings of the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of SailPoint during the 3rd quarter worth approximately $31,000. Palladiem LLC acquired a new stake 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 acquired a new stake in shares of SailPoint during the 2nd quarter worth approximately $45,000. Finally, CWM LLC grew its holdings in SailPoint by 315.6% during the fourth quarter. CWM LLC now owns 2,656 shares of the company’s stock valued at $54,000 after purchasing an additional 2,017 shares during the period.

SailPoint Stock Down 2.8%

SailPoint stock opened at $14.21 on Tuesday. The stock has a market capitalization of $8.06 billion, a PE ratio of -52.63 and a beta of 2.00. SailPoint, Inc. has a twelve month low of $10.30 and a twelve month high of $24.95. The company has a 50 day moving average of $13.80 and a 200-day moving average of $15.85.

SailPoint (NASDAQ:SAIL) last released its quarterly earnings results on Tuesday, June 9th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.01. The company had revenue of $280.14 million during the quarter. SailPoint had a negative net margin of 14.04% and a positive return on equity of 2.31%. The firm’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter last year, the company earned $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 anticipate that SailPoint, Inc. will post 0.32 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of SailPoint from $26.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, March 19th. Wolfe Research restated an “outperform” rating and set a $18.00 price objective on shares of SailPoint in a report on Wednesday, June 10th. Royal Bank Of Canada boosted their price objective on shares of SailPoint from $17.00 to $19.00 and gave the company an “outperform” rating in a report on Wednesday, June 10th. Barclays decreased their price objective on shares of SailPoint from $22.00 to $19.00 and set an “overweight” rating for the company in a report on Wednesday, June 10th. Finally, Wells Fargo & Company boosted their price objective on shares of SailPoint from $17.00 to $19.00 and gave the company an “overweight” rating in a report on Wednesday, June 10th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $20.37.

Insider Buying and Selling

In other news, CEO Mark D. Mcclain sold 92,874 shares of the business’s stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $11.46, for a total value of $1,064,336.04. Following the sale, the chief executive officer owned 8,305,324 shares of the company’s stock, valued at $95,179,013.04. The trade was a 1.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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, EVP Chandrasekar Gnanasambandam sold 20,082 shares of the business’s stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $11.46, for a total transaction of $230,139.72. Following the completion of the sale, the executive vice president directly owned 968,926 shares in the company, valued at approximately $11,103,891.96. This represents a 2.03% 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 three months, insiders have sold 534,449 shares of company stock valued at $6,569,848. 1.70% of the stock is owned by corporate 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.