SailPoint (NASDAQ:SAIL) General Counsel Sells $647,480.45 in Stock

SailPoint, Inc. (NASDAQ:SAIL) General Counsel Christopher Schmitt sold 28,841 shares of SailPoint stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $22.45, for a total value of $647,480.45. Following the sale, the general counsel directly owned 1,104,050 shares in the company, valued at $24,785,922.50. This trade represents a 2.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Christopher Schmitt also recently made the following trade(s):

• On Thursday, October 9th, Christopher Schmitt sold 34,186 shares of SailPoint stock. The shares were sold at an average price of $22.42, for a total value of $766,450.12.
• On Tuesday, October 7th, Christopher Schmitt sold 28,267 shares of SailPoint stock. The shares were sold at an average price of $22.55, for a total value of $637,420.85.

SailPoint Price Performance

Shares of SAIL opened at $21.73 on Friday. The business’s 50 day moving average is $21.16 and its 200 day moving average is $20.09. SailPoint, Inc. has a 12-month low of $15.05 and a 12-month high of $26.35.

SailPoint (NASDAQ:SAIL) last issued its earnings results on Tuesday, September 9th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.03. The business had revenue of $264.36 million for the quarter, compared to the consensus estimate of $243.41 million. SailPoint’s revenue 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.

Hedge Funds Weigh In On SailPoint

A number of institutional investors and hedge funds have recently modified their holdings of SAIL. Stephens Investment Management Group LLC purchased a new position in shares of SailPoint in the 1st quarter worth approximately $23,213,000. Allianz Asset Management GmbH purchased a new position in shares of SailPoint in the 1st quarter worth approximately $3,496,000. GW&K Investment Management LLC purchased a new position in SailPoint during the 1st quarter valued at $2,173,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in SailPoint in the 1st quarter valued at $1,683,000. Finally, Assetmark Inc. purchased a new stake in SailPoint in the first quarter worth $32,000.

Analysts Set New Price Targets

SAIL has been the topic of a number of research reports. Scotiabank initiated coverage on SailPoint in a research note on Wednesday, September 3rd. They issued a “sector outperform” rating and a $25.00 price objective on the stock. Arete initiated coverage on SailPoint in a research note on Monday, July 7th. They issued a “sell” rating and a $16.00 price objective on the stock. Morgan Stanley raised SailPoint from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective on the stock in a research note on Tuesday, September 2nd. Arete Research raised SailPoint to a “strong sell” rating and set a $16.00 price objective on the stock in a research note on Monday, July 7th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of SailPoint in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $25.58.

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.