SailPoint (NASDAQ:SAIL) CEO Sells $3,322,667.35 in Stock

SailPoint, Inc. (NASDAQ:SAIL) CEO Mark Mcclain sold 148,003 shares of the stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $22.45, for a total value of $3,322,667.35. Following the transaction, the chief executive officer directly owned 7,375,733 shares of the company’s stock, valued at approximately $165,585,205.85. This trade represents a 1.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

SailPoint Price Performance

Shares of SAIL stock opened at $21.73 on Friday. The stock has a 50 day simple moving average of $21.16 and a 200-day simple moving average of $20.09. SailPoint, Inc. has a 12-month low of $15.05 and a 12-month high of $26.35.

SailPoint (NASDAQ:SAIL) last issued its earnings results on Tuesday, September 9th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. The business had revenue of $264.36 million for the quarter, compared to analysts’ expectations of $243.41 million. SailPoint’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.

Institutional Investors Weigh In On SailPoint

A number of large investors have recently bought and sold shares of SAIL. Vanguard Group Inc. acquired a new stake in SailPoint during the 1st quarter valued at $94,194,000. Norges Bank acquired a new stake in shares of SailPoint during the second quarter worth $112,297,000. Alliancebernstein L.P. acquired a new stake in shares of SailPoint during the first quarter worth $55,644,000. Voya Investment Management LLC acquired a new stake in shares of SailPoint during the first quarter worth $53,616,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of SailPoint during the second quarter worth $64,453,000.

Analysts Set New Price Targets

SAIL has been the subject of several research analyst reports. Scotiabank initiated coverage on SailPoint in a research note on Wednesday, September 3rd. They issued a “sector outperform” rating and a $25.00 price objective for the company. BTIG Research reaffirmed a “buy” rating and issued a $29.00 price objective on shares of SailPoint in a research note on Tuesday, September 30th. Stephens raised SailPoint to a “strong-buy” rating in a research note on Tuesday, August 12th. Wells Fargo & Company raised their price objective on SailPoint from $20.00 to $23.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 30th. Finally, BMO Capital Markets dropped their price objective on SailPoint from $27.00 to $25.00 and set an “outperform” rating for the company in a research note 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 assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.