SailPoint (NASDAQ:SAIL) CEO Mark Mcclain Sells 51,986 Shares

SailPoint, Inc. (NASDAQ:SAIL) CEO Mark Mcclain sold 51,986 shares of the firm’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $19.90, for a total value of $1,034,521.40. Following the sale, the chief executive officer directly owned 7,087,216 shares of the company’s stock, valued at approximately $141,035,598.40. This trade represents a 0.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

SailPoint Stock Performance

SailPoint stock traded down $0.59 during trading hours on Thursday, reaching $19.54. 2,272,045 shares of the stock were exchanged, compared to its average volume of 1,654,826. The stock has a market cap of $10.97 billion and a P/E ratio of -4.08. SailPoint, Inc. has a 52-week low of $15.05 and a 52-week high of $26.35. The firm’s 50 day moving average is $19.95 and its 200 day moving average is $20.93.

SailPoint (NASDAQ:SAIL) last issued its quarterly earnings results on Tuesday, December 9th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.02. The company had revenue of $281.94 million during the quarter, compared to the consensus estimate of $270.35 million. SailPoint had a positive return on equity of 0.16% and a negative net margin of 30.87%.SailPoint’s revenue for the quarter 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 Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SAIL. Aster Capital Management DIFC Ltd purchased a new position in shares of SailPoint in the 3rd quarter worth $31,000. Loomis Sayles & Co. L P purchased a new position in SailPoint in the 2nd quarter worth about $42,000. State of Wyoming purchased a new stake in shares of SailPoint in the second quarter valued at approximately $45,000. Amalgamated Bank purchased a new stake in shares of SailPoint in the 2nd quarter worth $71,000. Finally, BNP Paribas Financial Markets bought a new position in SailPoint during the 2nd quarter worth about $79,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on SAIL shares. Robert W. Baird assumed coverage on shares of SailPoint in a research note on Monday, October 27th. They issued an “outperform” rating and a $26.00 target price on the stock. Berenberg Bank assumed coverage on shares of SailPoint in a research report on Tuesday, November 18th. They set a “buy” rating and a $31.70 target price on the stock. Wolfe Research began coverage on shares of SailPoint in a research report on Monday, October 20th. They issued an “outperform” rating and a $27.00 price target on the stock. Baird R W upgraded SailPoint to a “strong-buy” rating in a research note on Monday, October 27th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of SailPoint in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, SailPoint currently has an average rating of “Moderate Buy” and an average price target of $26.01.

SailPoint Company 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.