Insider Selling: SailPoint (NASDAQ:SAIL) President Sells 13,771 Shares of Stock

SailPoint, Inc. (NASDAQ:SAIL) President Matt Mills sold 13,771 shares of the business’s stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $19.57, for a total value of $269,498.47. Following the sale, the president owned 1,850,983 shares of the company’s stock, valued at approximately $36,223,737.31. This represents a 0.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, January 7th, Matt Mills sold 18,159 shares of SailPoint stock. The stock was sold at an average price of $19.90, for a total value of $361,364.10.
• On Tuesday, January 6th, Matt Mills sold 21,345 shares of SailPoint stock. The shares were sold at an average price of $19.23, for a total transaction of $410,464.35.

SailPoint Price Performance

Shares of NASDAQ:SAIL traded down $0.59 during midday trading on Thursday, hitting $19.54. 2,272,045 shares of the company’s stock were exchanged, compared to its average volume of 1,654,826. The stock has a 50 day moving average price of $19.95 and a 200-day moving average price of $20.93. The company has a market cap of $10.97 billion and a PE ratio of -4.08. SailPoint, Inc. has a 12 month low of $15.05 and a 12 month high of $26.35.

SailPoint (NASDAQ:SAIL) last announced 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 business had revenue of $281.94 million for the quarter, compared to analysts’ expectations of $270.35 million. SailPoint had a negative net margin of 30.87% and a positive return on equity of 0.16%. The company’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.

Analysts Set New Price Targets

SAIL has been the subject of several analyst reports. BMO Capital Markets reiterated an “outperform” rating on shares of SailPoint in a report on Thursday, December 11th. Robert W. Baird started coverage on shares of SailPoint in a research note on Monday, October 27th. They issued an “outperform” rating and a $26.00 price objective for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of SailPoint in a research report on Monday, December 29th. Wolfe Research started coverage on SailPoint in a report on Monday, October 20th. They issued an “outperform” rating and a $27.00 target price for the company. Finally, Wells Fargo & Company lifted their price target on SailPoint from $20.00 to $23.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 30th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.01.

Institutional Trading of SailPoint

A number of large investors have recently bought and sold shares of SAIL. Vanguard Group Inc. raised its stake in shares of SailPoint by 4.3% in the third quarter. Vanguard Group Inc. now owns 5,317,789 shares of the company’s stock valued at $117,417,000 after buying an additional 219,375 shares during the period. Norges Bank purchased a new stake in SailPoint in the 2nd quarter worth about $112,297,000. Voya Investment Management LLC raised its stake in SailPoint by 10.1% in the 3rd quarter. Voya Investment Management LLC now owns 4,309,070 shares of the company’s stock valued at $95,144,000 after acquiring an additional 395,287 shares during the period. UBS Group AG lifted its holdings in SailPoint by 116.3% during the third quarter. UBS Group AG now owns 4,128,038 shares of the company’s stock valued at $91,147,000 after purchasing an additional 2,219,593 shares during the last quarter. Finally, GW&K Investment Management LLC boosted its position in SailPoint by 34.3% during the third quarter. GW&K Investment Management LLC now owns 3,395,602 shares of the company’s stock worth $74,975,000 after purchasing an additional 866,889 shares during the period.

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.