Outfitter Financial LLC Invests $320,000 in SailPoint, Inc. $SAIL

Outfitter Financial LLC bought a new position in SailPoint, Inc. (NASDAQ:SAIL) in the 2nd quarter, HoldingsChannel reports. The fund bought 14,000 shares of the company’s stock, valued at approximately $320,000.

Several other hedge funds also recently made changes to their positions in SAIL. Assetmark Inc. acquired a new position in shares of SailPoint in the 1st quarter worth approximately $32,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of SailPoint in the 1st quarter worth approximately $49,000. Quarry LP acquired a new position in shares of SailPoint in the 1st quarter worth approximately $70,000. Amalgamated Bank bought a new stake in shares of SailPoint in the 2nd quarter worth approximately $71,000. Finally, Picton Mahoney Asset Management bought a new stake in shares of SailPoint in the 1st quarter worth approximately $87,000.

Insider Buying and Selling

In other news, CFO Brian Carolan sold 84,699 shares of the business’s stock in a transaction on Thursday, October 9th. The stock was sold at an average price of $22.42, for a total value of $1,898,951.58. Following the sale, the chief financial officer owned 1,336,628 shares of the company’s stock, valued at approximately $29,967,199.76. The trade was a 5.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Christopher Schmitt sold 34,186 shares of the business’s stock in a transaction on Thursday, October 9th. The stock was 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 directly owned 1,069,864 shares in the company, valued at $23,986,350.88. This represents a 3.10% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 1,026,454 shares of company stock worth $23,056,195. 2.00% of the stock is owned by corporate insiders.

SailPoint Price Performance

Shares of SailPoint stock opened at $19.76 on Thursday. The business’s fifty day moving average price is $21.89 and its two-hundred day moving average price is $20.60. The company has a market capitalization of $11.00 billion and a P/E ratio of -4.69. SailPoint, Inc. has a 1-year low of $15.05 and a 1-year high of $26.35.

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SAIL. Stephens raised SailPoint to a “strong-buy” rating in a report on Tuesday, August 12th. Robert W. Baird began coverage on SailPoint in a report on Monday, October 27th. They issued an “outperform” rating and a $26.00 price target on the stock. Wolfe Research began coverage on SailPoint in a report on Monday, October 20th. They issued an “outperform” rating and a $27.00 price target on the stock. Baird R W raised SailPoint to a “strong-buy” rating in a report on Monday, October 27th. Finally, JPMorgan Chase & Co. raised SailPoint from a “neutral” rating to an “overweight” rating and set a $26.00 price target on the stock in a report on Wednesday, August 13th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $25.66.

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.