Insider Selling: SailPoint (NASDAQ:SAIL) CEO Sells $1,033,276.43 in Stock

SailPoint, Inc. (NASDAQ:SAIL) CEO Mark Mcclain sold 52,799 shares of the business’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $19.57, for a total value of $1,033,276.43. Following the transaction, the chief executive officer directly owned 7,034,417 shares in the company, valued at approximately $137,663,540.69. This trade represents a 0.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

SailPoint Stock Performance

SAIL traded down $0.59 on Thursday, reaching $19.54. The company had a trading volume of 2,272,045 shares, compared to its average volume of 1,654,826. The stock has a market cap of $10.97 billion and a P/E ratio of -4.08. SailPoint, Inc. has a fifty-two week low of $15.05 and a fifty-two week high of $26.35. The company’s fifty day moving average is $19.95 and its 200 day moving average is $20.93.

SailPoint (NASDAQ:SAIL) last announced its earnings results on Tuesday, December 9th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. The company had revenue of $281.94 million during the quarter, compared to analysts’ expectations of $270.35 million. SailPoint had a negative net margin of 30.87% and a positive return on equity of 0.16%. The business’s revenue was up 19.8% on a year-over-year basis. SailPoint has set its FY 2026 guidance at 0.220-0.230 EPS and its Q4 2026 guidance at 0.080-0.09 EPS.

Institutional Trading of SailPoint

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp grew its position in shares of SailPoint by 3,022.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 481,908 shares of the company’s stock valued at $11,016,000 after acquiring an additional 466,474 shares during the period. Voya Investment Management LLC purchased a new position in SailPoint in the first quarter valued at approximately $53,616,000. Allspring Global Investments Holdings LLC purchased a new position in SailPoint in the third quarter valued at approximately $26,365,000. Renaissance Capital LLC grew its holdings in SailPoint by 30.0% during the second quarter. Renaissance Capital LLC now owns 65,569 shares of the company’s stock valued at $1,499,000 after purchasing an additional 15,114 shares during the period. Finally, Outfitter Financial LLC bought a new stake in shares of SailPoint in the second quarter valued at $320,000.

Analyst Ratings Changes

Several brokerages recently issued reports on SAIL. BMO Capital Markets reaffirmed an “outperform” rating on shares of SailPoint in a report on Thursday, December 11th. BTIG Research reissued a “buy” rating and set a $29.00 target price on shares of SailPoint in a report on Thursday. Robert W. Baird started coverage on SailPoint in a research note on Monday, October 27th. They issued an “outperform” rating and a $26.00 price objective on the stock. Cantor Fitzgerald reissued an “overweight” rating on shares of SailPoint in a research report on Wednesday, December 3rd. Finally, Berenberg Bank assumed coverage on shares of SailPoint in a report on Tuesday, November 18th. They issued a “buy” rating and a $31.70 target price on the stock. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $26.01.

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.