SailPoint (NASDAQ:SAIL) Insider Abby Payne Sells 16,999 Shares of Stock

SailPoint, Inc. (NASDAQ:SAIL) insider Abby Payne sold 16,999 shares of the business’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $15.42, for a total value of $262,124.58. Following the sale, the insider owned 891,965 shares of the company’s stock, valued at approximately $13,754,100.30. This represents a 1.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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.

Abby Payne also recently made the following trade(s):

• On Tuesday, July 7th, Abby Payne sold 21,542 shares of SailPoint stock. The stock was sold at an average price of $16.29, for a total value of $350,919.18.

SailPoint Trading Down 1.7%

NASDAQ SAIL opened at $14.85 on Friday. The company has a fifty day simple moving average of $14.60 and a 200 day simple moving average of $15.10. SailPoint, Inc. has a 12-month low of $10.30 and a 12-month high of $24.00. The company has a market cap of $8.42 billion, a P/E ratio of -55.00, a PEG ratio of 1.68 and a beta of 2.20.

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

Hedge Funds Weigh In On SailPoint

Institutional investors have recently added to or reduced their stakes in the stock. Polianta Ltd purchased a new stake in SailPoint during the second quarter worth about $1,948,000. FNY Investment Advisers LLC boosted its stake in SailPoint by 12.0% in the second quarter. FNY Investment Advisers LLC now owns 8,400 shares of the company’s stock valued at $122,000 after acquiring an additional 900 shares during the last quarter. Bank of America Corp DE boosted its stake in SailPoint by 40.1% in the first quarter. Bank of America Corp DE now owns 1,764,870 shares of the company’s stock valued at $23,367,000 after acquiring an additional 504,726 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of SailPoint by 178.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 105,497 shares of the company’s stock valued at $1,397,000 after acquiring an additional 67,601 shares during the period. Finally, Quantinno Capital Management LP grew its position in shares of SailPoint by 531.8% during the 1st quarter. Quantinno Capital Management LP now owns 251,770 shares of the company’s stock valued at $3,333,000 after acquiring an additional 211,922 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $19.00 price target on shares of SailPoint in a research report on Wednesday, June 17th. Jefferies Financial Group lowered SailPoint from a “buy” rating to a “buy” rating in a report on Wednesday, June 17th. Rosenblatt Securities initiated coverage on SailPoint in a report on Wednesday. They set a “neutral” rating and a $16.00 price target for the company. Barclays dropped their price objective on SailPoint from $22.00 to $19.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 10th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $19.00 target price on shares of SailPoint in a report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, SailPoint currently has an average rating of “Moderate Buy” and an average target price of $20.08.

Key Headlines Impacting SailPoint

Here are the key news stories impacting SailPoint this week:

• Positive Sentiment: Rosenblatt Securities initiated coverage with a neutral/hold stance and a $16 price target, implying modest upside from recent trading levels. Rosenblatt Securities Initiates a Hold Rating on SailPoint, Inc. (SAIL)
• Positive Sentiment: A separate note highlighted that SailPoint has been up since its last earnings report, suggesting the company’s recent financial results still support the stock. SailPoint, Inc. (SAIL) Up 2.7% Since Last Earnings Report: Can It Continue?
• Neutral Sentiment: The company remains in the spotlight after reporting quarterly earnings that beat estimates and raised guidance, which continues to shape investor expectations.
• Negative Sentiment: Pomerantz LLP said it is investigating claims on behalf of SailPoint investors, which can add legal overhang and uncertainty. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of SailPoint, Inc. – SAIL
• Negative Sentiment: Multiple executives and insiders disclosed stock sales, including the CEO, CFO, president, general counsel, CAO, EVP, and another insider. While the sales were tied to Rule 10b5-1 plans and tax withholding, the volume of selling may still worry investors about near-term sentiment. SailPoint (SAIL) Faces Insider Resales, Is The Stock Still Cheap?

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.