Cloud Security Stocks Surge... Market Cap Increases by 1.1 Trillion Won in One Day

Shares of SailPoint, Inc. (SAIL) surged 7.65% on the Nasdaq, closing at $16.75. Trading volume topped 2.61 million shares, and its market capitalization swelled to about $9.5 billion (roughly KRW 13 trillion). On that single day, approximately $787 million (around KRW 1.1 trillion) briefly evaporated and was then recovered.

On May 21, the company announced integration with Anthropic’s Claude Compliance API for Claude Enterprise, unveiling a connector that centrally manages both access to and usage of AI platforms. Earlier, on May 11, it launched Agentic Fabric, a new security solution that simultaneously identifies and governs AI agents and other non-human identities—positioning SailPoint as a core name in the AI security theme. ()

Founded in 2005 and headquartered in Austin, Texas, SailPoint is an enterprise identity-security software provider offering an access-management platform that covers both human and non-human accounts to major corporations worldwide. In 2022, private-equity firm Thoma Bravo acquired the company for about $6.9 billion, taking it private, and SailPoint returned to the public markets with a Nasdaq listing in February 2025. ()