Matt Mills Sells 61,279 Shares of SailPoint (NASDAQ:SAIL) Stock

SailPoint, Inc. (NASDAQ:SAIL) President Matt Mills sold 61,279 shares of SailPoint stock in a transaction that occurred on Thursday, October 9th. The shares were sold at an average price of $22.42, for a total value of $1,373,875.18. Following the sale, the president directly owned 1,904,258 shares in the company, valued at approximately $42,693,464.36. The trade was a 3.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, October 8th, Matt Mills sold 51,700 shares of SailPoint stock. The shares were sold at an average price of $22.45, for a total value of $1,160,665.00.
• On Tuesday, October 7th, Matt Mills sold 50,671 shares of SailPoint stock. The shares were sold at an average price of $22.55, for a total value of $1,142,631.05.

SailPoint Stock Down 6.7%

SailPoint stock opened at $21.73 on Friday. The stock’s 50 day simple moving average is $21.16 and its two-hundred day simple moving average is $20.09. SailPoint, Inc. has a fifty-two week low of $15.05 and a fifty-two week high of $26.35.

SailPoint (NASDAQ:SAIL) last posted its quarterly earnings data 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 the consensus estimate of $243.41 million. The firm’s revenue for the quarter 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 hedge funds have recently added to or reduced their stakes in SAIL. Assetmark Inc. purchased a new position in SailPoint in the 1st quarter worth approximately $32,000. Loomis Sayles & Co. L P purchased a new position in SailPoint in the 2nd quarter worth approximately $42,000. State of Wyoming purchased a new position in SailPoint in the 2nd quarter worth approximately $45,000. Kayne Anderson Rudnick Investment Management LLC purchased a new position in SailPoint in the 1st quarter worth approximately $49,000. Finally, Quarry LP purchased a new position in SailPoint in the 1st quarter worth approximately $70,000.

Analyst Ratings Changes

SAIL has been the topic of a number of analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of SailPoint in a research report on Wednesday. Wells Fargo & Company boosted their price target on SailPoint from $20.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 30th. BTIG Research reissued a “buy” rating and issued a $29.00 price target on shares of SailPoint in a research report on Tuesday, September 30th. Mizuho boosted their price target on SailPoint from $24.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 30th. Finally, BMO Capital Markets dropped their price target on SailPoint from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.