Mitsubishi UFJ Asset Management Co. Ltd. Invests $2.96 Million in SailPoint, Inc. $SAIL

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in SailPoint, Inc. (NASDAQ:SAIL) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 202,283 shares of the company’s stock, valued at approximately $2,961,000.

Several other institutional investors have also added to or reduced their stakes in the company. State of Wyoming bought a new stake in shares of SailPoint during the 2nd quarter worth approximately $45,000. Palladiem LLC bought a new position in shares of SailPoint in the fourth quarter worth about $42,000. Kestra Advisory Services LLC purchased a new position in shares of SailPoint during the fourth quarter worth approximately $42,000. CWM LLC raised its position in SailPoint by 315.6% during the 4th quarter. CWM LLC now owns 2,656 shares of the company’s stock valued at $54,000 after purchasing an additional 2,017 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of SailPoint by 208.2% in the fourth 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.

Insider Activity

In related news, CFO Brian Carolan sold 46,002 shares of the business’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 completion of the sale, the chief financial officer owned 1,707,742 shares of the company’s stock, valued at approximately $26,333,381.64. The trade was a 2.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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, CEO Mark D. Mcclain sold 93,260 shares of the business’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $15.42, for a total transaction of $1,438,069.20. Following the sale, the chief executive officer directly owned 8,093,870 shares of the company’s stock, valued at $124,807,475.40. This represents a 1.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 sold 499,046 shares of company stock worth $7,959,131. 1.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SAIL. Wolfe Research reissued an “outperform” rating and issued a $18.00 price objective on shares of SailPoint in a research note on Wednesday, June 10th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $19.00 price objective on shares of SailPoint in a research report on Wednesday, June 10th. Truist Financial upped their price target on SailPoint from $18.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday. Morgan Stanley increased their price objective on shares of SailPoint from $18.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Scotiabank reissued a “sector outperform” rating and set a $19.00 target price (up from $16.00) on shares of SailPoint in a research report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, SailPoint currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.26.

SailPoint Stock Performance

NASDAQ:SAIL opened at $18.64 on Friday. SailPoint, Inc. has a one year low of $10.30 and a one year high of $24.00. The firm has a market cap of $10.57 billion, a price-to-earnings ratio of -69.03, a PEG ratio of 1.94 and a beta of 2.08. The firm’s fifty day moving average is $15.83 and its two-hundred day moving average is $14.65.

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

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.