Insider Selling: SailPoint (NASDAQ:SAIL) General Counsel Sells 11,908 Shares of Stock

SailPoint, Inc. (NASDAQ:SAIL) General Counsel Christopher Schmitt sold 11,908 shares of the firm’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $19.23, for a total value of $228,990.84. Following the completion of the transaction, the general counsel owned 1,057,956 shares in the company, valued at $20,344,493.88. This represents a 1.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, January 8th, Christopher Schmitt sold 4,507 shares of SailPoint stock. The shares were sold at an average price of $19.57, for a total value of $88,201.99.
• On Wednesday, January 7th, Christopher Schmitt sold 10,130 shares of SailPoint stock. The shares were sold at an average price of $19.90, for a total transaction of $201,587.00.

SailPoint Price Performance

Shares of SAIL traded down $0.59 during midday trading on Thursday, hitting $19.54. The stock had a trading volume of 2,272,045 shares, compared to its average volume of 1,654,826. The firm has a market cap of $10.97 billion and a price-to-earnings ratio of -4.08. SailPoint, Inc. has a twelve month low of $15.05 and a twelve month high of $26.35. The company has a 50 day simple moving average of $19.95 and a two-hundred day simple moving average of $20.93.

SailPoint (NASDAQ:SAIL) last released 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 business had revenue of $281.94 million for the quarter, compared to the consensus estimate of $270.35 million. SailPoint had a positive return on equity of 0.16% and a negative net margin of 30.87%.The company’s quarterly 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.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Baird R W upgraded shares of SailPoint to a “strong-buy” rating in a report on Monday, October 27th. Wells Fargo & Company raised their price target on shares of SailPoint from $20.00 to $23.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 30th. Berenberg Bank assumed coverage on SailPoint in a research note on Tuesday, November 18th. They set a “buy” rating and a $31.70 target price on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SailPoint in a report on Monday, December 29th. Finally, Robert W. Baird began coverage on SailPoint in a research note on Monday, October 27th. They set an “outperform” rating and a $26.00 price target for the company. Three analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $26.01.

Institutional Trading of SailPoint

Hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its stake in shares of SailPoint by 4.2% in the 3rd quarter. Blue Trust Inc. now owns 16,886 shares of the company’s stock valued at $373,000 after acquiring an additional 673 shares during the last quarter. Essex Financial Services Inc. increased its stake in SailPoint by 7.8% in the 3rd quarter. Essex Financial Services Inc. now owns 13,157 shares of the company’s stock worth $291,000 after purchasing an additional 947 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in SailPoint in the third quarter valued at approximately $31,000. Oppenheimer Asset Management Inc. boosted its stake in shares of SailPoint by 3.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 46,895 shares of the company’s stock valued at $1,072,000 after purchasing an additional 1,510 shares during the period. Finally, Loomis Sayles & Co. L P purchased a new position in shares of SailPoint in the second quarter worth $42,000.

About SailPoint

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.