Insider Selling: SailPoint (NASDAQ:SAIL) President Sells $778,220.28 in Stock

Posted by Francis Steltz on Oct 8th, 2026

SailPoint, Inc. (NASDAQ:SAIL – Get Free Report) President Matt Mills sold 38,223 shares of the company’s stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $20.36, for a total transaction of $778,220.28. Following the sale, the president directly owned 2,335,314 shares of the company’s stock, valued at $47,546,993.04. The trade was a 1.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

On Wednesday, October 7th, Matt Mills sold 42,442 shares of SailPoint stock. The stock was sold at an average price of $19.71, for a total transaction of $836,531.82.

SailPoint Trading Up 2.2%

NASDAQ SAIL traded up $0.44 during trading hours on Thursday, hitting $20.02. 4,281,696 shares of the company’s stock traded hands, compared to its average volume of 3,855,229. SailPoint, Inc. has a 52 week low of $10.30 and a 52 week high of $23.89. The firm has a market capitalization of $11.43 billion, a P/E ratio of -58.88, a P/E/G ratio of 2.19 and a beta of 2.15. The business’s fifty day moving average price is $19.22 and its two-hundred day moving average price is $15.78.

SailPoint (NASDAQ:SAIL – Get Free Report) last released its quarterly earnings results on Wednesday, September 9th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. The business had revenue of $308.81 million for the quarter. SailPoint had a negative net margin of 16.92% and a positive return on equity of 2.44%. The firm’s revenue was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.02) earnings per share. SailPoint has set its FY 2027 guidance at 0.300-0.340 EPS and its Q3 2027 guidance at 0.070-0.080 EPS. On average, sell-side analysts expect that SailPoint, Inc. will post 0.33 EPS for the current fiscal year.

Key SailPoint News

Here are the key news stories impacting SailPoint this week:

Positive Sentiment: Analyst price targets moved higher. Robert W. Baird raised its target from $22 to $25 and maintained an “outperform” rating. Oppenheimer also initiated coverage with an “outperform” rating and a $30 target, implying substantial upside from recent trading levels.
Positive Sentiment: AI identity-security opportunity is attracting attention. Recent coverage highlighted the widening gap between enterprise AI-agent adoption and identity-security controls. SailPoint executives and analysts argue that AI agents require stronger permissions management, monitoring and the ability to quickly revoke access, potentially creating a new growth market for the company. SailPoint Well-Positioned for Critical Role in AI Agent Identity Security
Positive Sentiment: Wall Street sentiment is favorable. SailPoint is now covered by Oppenheimer with an “outperform” rating, while broader analyst opinion is characterized as a “moderate buy.” SailPoint Stock Rated Moderate Buy by Wall Street Analysts
Neutral Sentiment: Multiple insider sales were reported. General Counsel Christopher Schmitt, EVP Chandrasekar Gnanasambandam and insider Abby Payne collectively sold shares in transactions dated October 6–7. The filings state that all sales were conducted under pre-arranged Rule 10b5-1 plans to cover tax withholding tied to vested equity awards, reducing their significance as a bearish signal. The executives continue to hold substantial positions.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Gables Capital Management Inc. purchased a new stake in SailPoint in the 2nd quarter worth $29,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of SailPoint in the second quarter valued at about $50,000. State of Wyoming bought a new position in shares of SailPoint in the second quarter worth about $56,000. Legal & General Group Plc bought a new position in shares of SailPoint in the second quarter worth about $94,000. Finally, FNY Investment Advisers LLC grew its position in shares of SailPoint by 12.0% during the second quarter. FNY Investment Advisers LLC now owns 8,400 shares of the company’s stock worth $122,000 after purchasing an additional 900 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SAIL shares. DA Davidson reiterated a “neutral” rating and set a $17.00 target price on shares of SailPoint in a research report on Thursday, September 10th. The Goldman Sachs Group restated a “neutral” rating and issued a $19.00 price target on shares of SailPoint in a research report on Wednesday, June 10th. Roth Capital reaffirmed a “buy” rating and issued a $21.00 price objective (up from $19.00) on shares of SailPoint in a research note on Thursday, September 10th. Barclays lifted their price objective on SailPoint from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, September 10th. Finally, Evercore reiterated an “outperform” rating on shares of SailPoint in a research note on Thursday, September 10th. Twenty analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $22.11.

Get Our Latest Stock Analysis on SailPoint

SailPoint Company Profile

(Get Free Report)

SailPoint, Inc (NASDAQ:SAIL) is an identity security company that helps organizations manage and protect digital identities and access to applications, data, and other technology resources. Its software is designed to help enterprises determine who should have access to specific resources, enforce access policies, and identify and address inappropriate or excessive access.

The company’s offerings include its cloud-based identity security platform, which supports identity governance, access management, lifecycle automation, compliance, and analytics.