SailPoint (NASDAQ:SAIL) President Matt Mills Sells 21,345 Shares

SailPoint, Inc. (NASDAQ:SAIL) President Matt Mills sold 21,345 shares of the stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $19.23, for a total value of $410,464.35. Following the sale, the president directly owned 1,882,913 shares in the company, valued at $36,208,416.99. This trade represents a 1.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Matt Mills also recently made the following trade(s):

• On Thursday, January 8th, Matt Mills sold 13,771 shares of SailPoint stock. The stock was sold at an average price of $19.57, for a total value of $269,498.47.
• On Wednesday, January 7th, Matt Mills sold 18,159 shares of SailPoint stock. The shares were sold at an average price of $19.90, for a total value of $361,364.10.

SailPoint Stock Performance

SAIL traded down $0.59 on Thursday, hitting $19.54. The company had a trading volume of 2,272,045 shares, compared to its average volume of 1,654,826. The stock has a market capitalization of $10.97 billion and a price-to-earnings ratio of -4.08. The stock has a fifty day moving average price of $19.95 and a 200-day moving average price of $20.93. SailPoint, Inc. has a 12-month low of $15.05 and a 12-month high of $26.35.

SailPoint (NASDAQ:SAIL) last released its quarterly earnings results on Tuesday, December 9th. The company reported $0.08 EPS for the quarter, beating the consensus estimate 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 business had revenue of $281.94 million during the quarter, compared to analyst estimates of $270.35 million. The firm’s revenue was up 19.8% on a year-over-year basis. 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 large investors have recently bought and sold shares of the stock. Comerica Bank purchased a new stake in SailPoint during the first quarter worth $175,000. Royal Bank of Canada purchased a new position in SailPoint in the first quarter valued at $1,146,000. Goldman Sachs Group Inc. acquired a new position in shares of SailPoint in the first quarter worth about $7,546,000. Zimmer Partners LP purchased a new stake in shares of SailPoint during the 1st quarter worth about $1,969,000. Finally, Woodline Partners LP purchased a new stake in shares of SailPoint during the 1st quarter worth about $8,032,000.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SAIL shares. Robert W. Baird assumed coverage on SailPoint in a research report on Monday, October 27th. They issued an “outperform” rating and a $26.00 price objective for the company. Wolfe Research started coverage on SailPoint in a report on Monday, October 20th. They issued an “outperform” rating and a $27.00 price target for the company. Cantor Fitzgerald restated an “overweight” rating on shares of SailPoint in a report on Wednesday, December 3rd. Wells Fargo & Company lifted their target price on shares of SailPoint from $20.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 30th. Finally, Berenberg Bank began coverage on shares of SailPoint in a research note on Tuesday, November 18th. They set a “buy” rating and a $31.70 price objective for the company. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus 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.