SailPoint (NASDAQ:SAIL) CAO Sells $48,120.66 in Stock

SailPoint, Inc. (NASDAQ:SAIL) CAO Mitra Rezvan sold 2,954 shares of SailPoint stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $16.29, for a total value of $48,120.66. Following the sale, the chief accounting officer owned 186,522 shares of the company’s stock, valued at approximately $3,038,443.38. This represents a 1.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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.

Mitra Rezvan also recently made the following trade(s):

• On Wednesday, July 8th, Mitra Rezvan sold 3,881 shares of SailPoint stock. The shares were sold at an average price of $15.42, for a total transaction of $59,845.02.
• On Monday, June 1st, Mitra Rezvan sold 7,487 shares of SailPoint stock. The stock was sold at an average price of $20.00, for a total transaction of $149,740.00.

SailPoint Trading Down 7.7%

Shares of NASDAQ SAIL traded down $1.14 during midday trading on Friday, reaching $13.71. 3,361,605 shares of the stock were exchanged, compared to its average volume of 4,720,288. The company has a market capitalization of $7.78 billion, a P/E ratio of -50.78, a P/E/G ratio of 1.53 and a beta of 2.20. SailPoint, Inc. has a 52-week low of $10.30 and a 52-week high of $24.00. The stock has a 50 day moving average price of $14.65 and a 200-day moving average price of $15.09.

SailPoint (NASDAQ:SAIL) last issued its quarterly earnings results on Tuesday, June 9th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.01. The company had revenue of $280.14 million during the quarter. SailPoint had a positive return on equity of 2.31% and a negative net margin of 14.04%.The company’s revenue was up 21.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.01 earnings per share. SailPoint has set its Q2 2027 guidance at 0.070-0.080 EPS and its FY 2027 guidance at 0.300-0.340 EPS. On average, analysts forecast that SailPoint, Inc. will post 0.32 earnings per share for the current year.

More SailPoint News

Here are the key news stories impacting SailPoint this week:

• Positive Sentiment: Rosenblatt Securities initiated coverage on SailPoint with a neutral/hold rating and a $16 price target, suggesting the stock still has some upside from recent levels. Rosenblatt Securities Initiates a Hold Rating on SailPoint, Inc. (SAIL)
• Positive Sentiment: A recent earnings recap noted SailPoint has remained up since its last report, reflecting continued support from its better-than-expected quarter and raised guidance. SailPoint, Inc. (SAIL) Up 2.7% Since Last Earnings Report: Can It Continue?
• Neutral Sentiment: SailPoint’s last quarterly report beat earnings estimates and showed 21.5% revenue growth, but the market may now be focusing more on near-term sentiment and positioning than on fundamentals alone.
• Negative Sentiment: Pomerantz LLP announced an investigation on behalf of SailPoint investors, creating a legal overhang that could weigh on sentiment. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of SailPoint, Inc. – SAIL
• Negative Sentiment: Multiple insiders, including the CEO, CFO, president, general counsel, CAO, and EVP, disclosed stock sales over the past two days. The transactions were tied to 10b5-1 plans and tax withholding, but the volume of selling can still spook investors. SailPoint (SAIL) Faces Insider Resales, Is The Stock Still Cheap?

Institutional Trading of SailPoint

Institutional investors have recently added to or reduced their stakes in the business. Palladiem LLC acquired a new stake in SailPoint in the 4th quarter valued at $42,000. Kestra Advisory Services LLC acquired a new position in shares of SailPoint during the fourth quarter worth about $42,000. State of Wyoming acquired a new position in shares of SailPoint during the second quarter worth about $45,000. CWM LLC boosted its position in shares of SailPoint by 315.6% in the fourth quarter. CWM LLC now owns 2,656 shares of the company’s stock worth $54,000 after buying an additional 2,017 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in shares of SailPoint by 208.2% in the fourth quarter. Farther Finance Advisors LLC now owns 3,070 shares of the company’s stock valued at $62,000 after buying an additional 2,074 shares in the last quarter.

Analysts Set New Price Targets

A number of research firms recently issued reports on SAIL. Scotiabank restated a “sector outperform” rating and issued a $19.00 target price (up from $16.00) on shares of SailPoint in a report on Tuesday, June 9th. Barclays cut their price target on shares of SailPoint from $22.00 to $19.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 10th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $19.00 price target on shares of SailPoint in a report on Wednesday, June 10th. Mizuho set a $16.00 price objective on SailPoint in a report on Wednesday, June 10th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $23.00 target price on shares of SailPoint in a research report on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $20.08.

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.