Matt Mills Sells 50,671 Shares of SailPoint (NASDAQ:SAIL) Stock

SailPoint, Inc. (NASDAQ:SAIL) President Matt Mills sold 50,671 shares of the firm’s stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $22.55, for a total transaction of $1,142,631.05. Following the completion of the sale, the president directly owned 2,017,237 shares in the company, valued at approximately $45,488,694.35. This trade represents a 2.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, October 9th, Matt Mills sold 61,279 shares of SailPoint stock. The stock was sold at an average price of $22.42, for a total transaction of $1,373,875.18.
• On Wednesday, October 8th, Matt Mills sold 51,700 shares of SailPoint stock. The stock was sold at an average price of $22.45, for a total transaction of $1,160,665.00.

SailPoint Stock Down 6.7%

Shares of SAIL opened at $21.73 on Friday. The firm’s 50-day moving average price is $21.16 and its 200-day moving average price is $20.09. SailPoint, Inc. has a 1-year low of $15.05 and a 1-year high of $26.35.

SailPoint (NASDAQ:SAIL) last announced its earnings results on Tuesday, September 9th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. The company had revenue of $264.36 million for the quarter, compared to the consensus estimate of $243.41 million. The firm’s revenue for the quarter was up 32.9% on a year-over-year basis. SailPoint has set its FY 2026 guidance at 0.200-0.220 EPS. Q3 2026 guidance at 0.050-0.06 EPS.

Wall Street Analysts Forecast Growth

SAIL has been the topic of a number of research reports. Morgan Stanley raised shares of SailPoint from an “equal weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a research note on Tuesday, September 2nd. Scotiabank began coverage on shares of SailPoint in a research report on Wednesday, September 3rd. They set a “sector outperform” rating and a $25.00 price target for the company. Arete began coverage on shares of SailPoint in a research report on Monday, July 7th. They set a “sell” rating and a $16.00 price target for the company. Stephens raised shares of SailPoint to a “strong-buy” rating in a research report on Tuesday, August 12th. Finally, Cantor Fitzgerald began coverage on shares of SailPoint in a research report on Monday, June 30th. They set an “overweight” rating and a $29.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $25.58.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. raised its holdings in SailPoint by 3.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 46,895 shares of the company’s stock worth $1,072,000 after buying an additional 1,510 shares during the last quarter. Assetmark Inc. purchased a new position in SailPoint in the first quarter worth about $32,000. Loomis Sayles & Co. L P purchased a new position in SailPoint in the second quarter worth about $42,000. State of Wyoming purchased a new position in SailPoint in the second quarter worth about $45,000. Finally, Kayne Anderson Rudnick Investment Management LLC purchased a new position in SailPoint in the first quarter worth about $49,000.

SailPoint Company Profile

SailPoint, Inc delivers solutions to enable comprehensive identity security for the enterprise. Its solutions enable organizations to establish, control, and automate policies that help them define and maintain a robust security posture and achieve regulatory compliance. The company was founded by Mark David McClain in 2005 and is headquartered in Austin, TX.