Insider Selling: SailPoint (NASDAQ:SAIL) General Counsel Sells 23,367 Shares of Company Stock

SailPoint, Inc. (NASDAQ:SAIL) General Counsel Christopher Schmitt sold 23,367 shares of the company’s stock in a transaction on Wednesday, October 7th. The stock was sold at an average price of $19.71, for a total value of $460,563.57. Following the sale, the general counsel directly owned 1,268,311 shares in the company, valued at $24,998,409.81. This represents a 1.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Christopher Schmitt also recently made the following trade(s):

• On Tuesday, October 6th, Christopher Schmitt sold 21,043 shares of SailPoint stock. The stock was sold at an average price of $20.36, for a total transaction of $428,435.48.

SailPoint Stock Up 2.2%

SailPoint stock traded up $0.44 during trading on Thursday, reaching $20.02. The stock had a trading volume of 4,281,068 shares, compared to its average volume of 3,855,227. SailPoint, Inc. has a 52-week low of $10.30 and a 52-week high of $23.89. The stock has a market cap of $11.43 billion, a PE ratio of -58.88, a P/E/G ratio of 2.19 and a beta of 2.15. The business has a 50 day moving average price of $19.22 and a 200 day moving average price of $15.78.

SailPoint (NASDAQ:SAIL) last announced its quarterly earnings data on Wednesday, September 9th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $308.81 million for the quarter. SailPoint had a negative net margin of 16.92% and a positive return on equity of 2.44%. SailPoint’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.02) earnings per share. SailPoint has set its FY 2027 guidance at 0.300-0.340 EPS and its Q3 2027 guidance at 0.070-0.080 EPS. On average, equities analysts predict that SailPoint, Inc. will post 0.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SAIL. Barclays upped their target price on SailPoint from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, September 10th. Rosenblatt Securities restated a “neutral” rating and set a $17.00 target price on shares of SailPoint in a research report on Thursday, September 10th. Truist Financial upped their price target on shares of SailPoint from $23.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, September 24th. DA Davidson reissued a “neutral” rating and set a $17.00 price objective on shares of SailPoint in a research report on Thursday, September 10th. Finally, Jefferies Financial Group restated a “buy” rating on shares of SailPoint in a research note on Wednesday. Twenty analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, SailPoint currently has a consensus rating of “Moderate Buy” and an average price target of $22.11.

More SailPoint News

Here are the key news stories impacting SailPoint this week:

• Positive Sentiment: Robert W. Baird raised its price target from $22 to $25 and reiterated an “outperform” rating. The new target implies approximately 24.7% upside from the referenced share price, providing a fresh catalyst for the stock. Source: Benzinga and The Fly.
• Positive Sentiment: Oppenheimer initiated coverage with an “outperform” rating and a $30 price target, implying roughly 49% upside. The firm believes SailPoint is well positioned to address identity-security needs created by the rapid adoption of AI agents. Oppenheimer initiates coverage of SailPoint with outperform rating
• Positive Sentiment: Additional coverage highlights a large gap between enterprise AI-agent adoption and identity-security protections. That gap could expand SailPoint’s addressable market as businesses seek controls for agent permissions, access and “kill switch” capabilities. SailPoint’s 40x Gap — Enterprise AI Agent Adoption Has Outrun Identity Security by a Factor of 40
• Positive Sentiment: Scotiabank commentary also points to further upside potential, while broader Wall Street sentiment currently rates SAIL as a “moderate buy.” SailPoint Stock Price Expected to Rise, Scotiabank Analyst Says
• Neutral Sentiment: SailPoint’s Navigate keynote emphasized eliminating standing privileges and applying tighter controls to AI-agent identities, reinforcing the company’s strategic positioning but not representing a reported financial result or contract win. SailPoint Navigate keynote coverage

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. WINTON GROUP Ltd lifted its stake in shares of SailPoint by 171.8% in the second quarter. WINTON GROUP Ltd now owns 64,954 shares of the company’s stock valued at $951,000 after purchasing an additional 41,054 shares during the period. Engineers Gate Manager LP acquired a new position in SailPoint during the second quarter worth about $464,000. Integrated Wealth Concepts LLC purchased a new position in SailPoint in the second quarter valued at about $125,000. Corient Private Wealth LP acquired a new stake in shares of SailPoint during the 2nd quarter valued at approximately $412,000. Finally, Outfitters Financial LLC lifted its position in shares of SailPoint by 4.8% during the 2nd quarter. Outfitters Financial LLC now owns 41,175 shares of the company’s stock valued at $603,000 after acquiring an additional 1,900 shares during the period.

SailPoint Company Profile

SailPoint, Inc (NASDAQ:SAIL) is an identity security company that helps organizations manage and protect digital identities and access to applications, data, and other technology resources. Its software is designed to help enterprises determine who should have access to specific resources, enforce access policies, and identify and address inappropriate or excessive access.

The company’s offerings include its cloud-based identity security platform, which supports identity governance, access management, lifecycle automation, compliance, and analytics.