SailPoint (NASDAQ:SAIL) President Matt Mills Sells 34,312 Shares of Stock

SailPoint, Inc. (NASDAQ:SAIL) President Matt Mills sold 34,312 shares of the stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $15.42, for a total value of $529,091.04. Following the completion of the transaction, the president owned 2,373,537 shares of the company’s stock, valued at $36,599,940.54. The trade was a 1.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through 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.

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

• On Tuesday, July 7th, Matt Mills sold 43,485 shares of SailPoint stock. The shares were sold at an average price of $16.29, for a total value of $708,370.65.

SailPoint Stock Performance

Shares of NASDAQ SAIL opened at $14.85 on Friday. The firm has a market capitalization of $8.42 billion, a P/E ratio of -55.00, a PEG ratio of 1.68 and a beta of 2.20. SailPoint, Inc. has a one year low of $10.30 and a one year high of $24.00. The company’s fifty day moving average is $14.60 and its two-hundred day moving average is $15.10.

SailPoint (NASDAQ:SAIL) last announced its quarterly earnings results on Tuesday, June 9th. The company reported $0.05 earnings per share (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 in the prior year, the business earned $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. On average, sell-side analysts forecast that SailPoint, Inc. will post 0.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on SAIL. Royal Bank Of Canada reissued an “outperform” rating and set a $19.00 price target on shares of SailPoint in a research note on Wednesday, June 17th. Barclays reduced their price objective on SailPoint from $22.00 to $19.00 and set an “overweight” rating for the company in a report on Wednesday, June 10th. TD Cowen reiterated a “buy” rating on shares of SailPoint in a research report on Wednesday, June 17th. Wells Fargo & Company upped their target price on SailPoint from $17.00 to $19.00 and gave the company an “overweight” rating in a report on Wednesday, June 10th. Finally, Truist Financial set a $18.00 price target on SailPoint in a research report on Wednesday, June 17th. 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 assigned a Sell rating to the company. According to data from MarketBeat.com, SailPoint has an average rating of “Moderate Buy” and a consensus target price of $20.08.

Institutional Investors Weigh In On SailPoint

A number of large investors have recently bought and sold shares of SAIL. Norges Bank purchased a new position in SailPoint during the fourth quarter worth $234,681,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of SailPoint in the second quarter valued at $64,453,000. UBS Group AG boosted its stake in shares of 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 acquiring an additional 2,219,593 shares during the last quarter. Artisan Partners Limited Partnership acquired a new stake in shares of SailPoint during the fourth quarter valued at $35,203,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of SailPoint during the fourth quarter valued at $20,778,000.

SailPoint News Roundup

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?

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.