Insider Selling: SailPoint (NASDAQ:SAIL) Insider Sells 9,329 Shares of Stock

SailPoint, Inc. (NASDAQ:SAIL) insider Abby Payne sold 9,329 shares of the company’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $19.90, for a total value of $185,647.10. Following the completion of the transaction, the insider directly owned 682,389 shares of the company’s stock, valued at approximately $13,579,541.10. The trade was a 1.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, January 8th, Abby Payne sold 3,582 shares of SailPoint stock. The stock was sold at an average price of $19.57, for a total value of $70,099.74.
• On Tuesday, January 6th, Abby Payne sold 10,965 shares of SailPoint stock. The shares were sold at an average price of $19.23, for a total value of $210,856.95.

SailPoint Price Performance

NASDAQ SAIL traded down $0.59 during trading hours on Thursday, reaching $19.54. The company’s stock had a trading volume of 2,272,045 shares, compared to its average volume of 1,654,826. The firm has a fifty day simple moving average of $19.95 and a 200-day simple moving average of $20.93. SailPoint, Inc. has a 52 week low of $15.05 and a 52 week high of $26.35. The stock has a market cap of $10.97 billion and a P/E ratio of -4.08.

SailPoint (NASDAQ:SAIL) last posted its earnings results on Tuesday, December 9th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. SailPoint had a negative net margin of 30.87% and a positive return on equity of 0.16%. The firm had revenue of $281.94 million for the quarter, compared to analyst estimates of $270.35 million. The firm’s revenue was up 19.8% compared to the same quarter last year. SailPoint has set its FY 2026 guidance at 0.220-0.230 EPS and its Q4 2026 guidance at 0.080-0.09 EPS.

Institutional Trading of SailPoint

Large investors have recently modified their holdings of the stock. Aster Capital Management DIFC Ltd acquired a new position in shares of SailPoint during the 3rd quarter valued at $31,000. Loomis Sayles & Co. L P bought a new position in shares of SailPoint during the 2nd quarter worth about $42,000. State of Wyoming acquired a new stake in shares of SailPoint in the 2nd quarter valued at about $45,000. Amalgamated Bank acquired a new position in SailPoint during the 2nd quarter worth approximately $71,000. Finally, BNP Paribas Financial Markets acquired a new stake in SailPoint in the second quarter valued at approximately $79,000.

Analyst Ratings Changes

Several brokerages recently issued reports on SAIL. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of SailPoint in a research report on Wednesday, December 3rd. Royal Bank Of Canada raised their price objective on SailPoint from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday. Wolfe Research started coverage on SailPoint in a research note on Monday, October 20th. They issued an “outperform” rating and a $27.00 price objective on the stock. BTIG Research reiterated a “buy” rating and issued a $29.00 target price on shares of SailPoint in a report on Thursday. Finally, Berenberg Bank assumed coverage on shares of SailPoint in a report on Tuesday, November 18th. They set a “buy” rating and a $31.70 price target for the company. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, SailPoint currently has an average rating of “Moderate Buy” and a consensus price target of $26.01.

About SailPoint

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.