SailPoint (NASDAQ:SAIL) Insider Abby Payne Sells 31,481 Shares of Stock

SailPoint, Inc. (NASDAQ:SAIL) insider Abby Payne sold 31,481 shares of the company’s stock in a transaction that occurred on Thursday, October 9th. The shares were sold at an average price of $22.42, for a total value of $705,804.02. Following the completion of the transaction, the insider directly owned 702,683 shares in the company, valued at approximately $15,754,152.86. The trade was a 4.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Abby Payne also recently made the following trade(s):

• On Wednesday, October 8th, Abby Payne sold 26,560 shares of SailPoint stock. The shares were sold at an average price of $22.45, for a total value of $596,272.00.
• On Tuesday, October 7th, Abby Payne sold 26,031 shares of SailPoint stock. The shares were sold at an average price of $22.55, for a total value of $586,999.05.

SailPoint Stock Up 3.9%

Shares of SAIL opened at $23.30 on Friday. The business’s 50 day moving average is $21.14 and its two-hundred day moving average is $20.08. SailPoint, Inc. has a 52-week low of $15.05 and a 52-week high of $26.35.

SailPoint (NASDAQ:SAIL) last posted its quarterly earnings results on Tuesday, September 9th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.03. The firm had revenue of $264.36 million for the quarter, compared to analyst estimates of $243.41 million. SailPoint’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.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SAIL. Assetmark Inc. bought a new position in SailPoint during the 1st quarter worth $32,000. Loomis Sayles & Co. L P bought a new position in SailPoint during the 2nd quarter worth $42,000. State of Wyoming bought a new position in SailPoint during the 2nd quarter worth $45,000. Kayne Anderson Rudnick Investment Management LLC bought a new position in SailPoint during the 1st quarter worth $49,000. Finally, Quarry LP bought a new position in SailPoint during the 1st quarter worth $70,000.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. 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 research report on Wednesday, August 13th. Arete Research raised SailPoint to a “strong sell” rating and set a $16.00 price target on the stock in a research report on Monday, July 7th. Barclays upped their price target on SailPoint from $23.00 to $25.00 and gave the company an “overweight” rating in a research report on Thursday, June 12th. BTIG Research reissued a “buy” rating and set a $29.00 price target on shares of SailPoint in a research report on Tuesday, September 30th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of SailPoint in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, SailPoint has an average rating of “Moderate Buy” and a consensus target price of $25.58.

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.