SailPoint (NASDAQ:SAIL) Insider Sells $586,999.05 in Stock

SailPoint, Inc. (NASDAQ:SAIL) insider Abby Payne sold 26,031 shares of SailPoint stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $22.55, for a total transaction of $586,999.05. Following the transaction, the insider directly owned 760,724 shares in the company, valued at $17,154,326.20. This represents a 3.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, October 9th, Abby Payne sold 31,481 shares of SailPoint stock. The shares were sold at an average price of $22.42, for a total transaction of $705,804.02.
• On Wednesday, October 8th, Abby Payne sold 26,560 shares of SailPoint stock. The shares were sold at an average price of $22.45, for a total transaction of $596,272.00.

SailPoint Stock Down 6.7%

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

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

Analysts Set New Price Targets

Several research firms have recently commented on SAIL. Mizuho boosted their target price on shares of SailPoint from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Tuesday, September 30th. Scotiabank began coverage on shares of SailPoint in a report on Wednesday, September 3rd. They issued a “sector outperform” rating and a $25.00 target price on the stock. Cantor Fitzgerald began coverage on shares of SailPoint in a report on Monday, June 30th. They issued an “overweight” rating and a $29.00 target price on the stock. Stephens raised shares of SailPoint to a “strong-buy” rating in a report on Tuesday, August 12th. Finally, 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 report on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $25.58.

Institutional Investors Weigh In On SailPoint

Hedge funds have recently bought and sold shares of the business. Assetmark Inc. purchased a new stake in SailPoint during the first quarter valued at $32,000. Loomis Sayles & Co. L P purchased a new stake in SailPoint during the second quarter valued at $42,000. State of Wyoming purchased a new stake in SailPoint during the second quarter valued at $45,000. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in SailPoint during the first quarter valued at $49,000. Finally, Quarry LP purchased a new stake in SailPoint during the first quarter valued at $70,000.

About SailPoint

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.