The Manufacturers Life Insurance Company Makes New $3.29 Million Investment in SailPoint, Inc. $SAIL

The Manufacturers Life Insurance Company purchased a new stake in shares of SailPoint, Inc. (NASDAQ:SAIL) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 224,448 shares of the company’s stock, valued at approximately $3,286,000.

Other large investors have also recently modified their holdings of the company. Norges Bank bought a new position in SailPoint in the 4th quarter worth about $234,681,000. Wasatch Advisors LP bought a new stake in SailPoint during the 2nd quarter valued at about $66,173,000. BlackRock Inc. bought a new stake in SailPoint during the 2nd quarter valued at about $65,050,000. UBS Group AG raised its holdings in SailPoint by 116.3% in the third quarter. UBS Group AG now owns 4,128,038 shares of the company’s stock worth $91,147,000 after buying an additional 2,219,593 shares during the last quarter. Finally, Stephens Investment Management Group LLC raised its holdings in SailPoint by 51.0% in the first quarter. Stephens Investment Management Group LLC now owns 2,895,700 shares of the company’s stock worth $38,339,000 after buying an additional 978,376 shares during the last quarter.

Insider Activity at SailPoint

In other news, EVP Chandrasekar Gnanasambandam sold 19,540 shares of SailPoint stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $15.42, for a total transaction of $301,306.80. Following the transaction, the executive vice president owned 934,508 shares in the company, valued at $14,410,113.36. This trade represents a 2.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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, CAO Mitra Rezvan sold 3,881 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 transaction of $59,845.02. Following the sale, the chief accounting officer directly owned 182,641 shares of the company’s stock, valued at approximately $2,816,324.22. The trade was a 2.08% 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. Insiders sold a total of 491,559 shares of company stock valued at $7,809,391 in the last three months. Corporate insiders own 1.70% of the company’s stock.

SailPoint Stock Performance

SAIL stock opened at $19.23 on Wednesday. The company has a market cap of $10.91 billion, a price-to-earnings ratio of -71.22, a P/E/G ratio of 2.15 and a beta of 2.16. The business’s 50-day moving average is $16.64 and its two-hundred day moving average is $14.85. SailPoint, Inc. has a fifty-two week low of $10.30 and a fifty-two week high of $24.00.

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on SAIL shares. Stephens reiterated an “overweight” rating and issued a $20.00 target price on shares of SailPoint in a research note on Wednesday, June 17th. BTIG Research restated a “buy” rating and issued a $18.00 price objective on shares of SailPoint in a report on Tuesday, June 9th. DA Davidson began coverage on SailPoint in a research report on Monday, August 3rd. They issued a “neutral” rating and a $17.00 price objective on the stock. Roth Capital started 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. Finally, Cantor Fitzgerald increased their target price on SailPoint from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Tuesday. 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.44.

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.