SailPoint (NASDAQ:SAIL) General Counsel Christopher Schmitt Sells 21,043 Shares of Stock

Posted by Francis Steltz on Oct 9th, 2026

SailPoint, Inc. (NASDAQ:SAIL – Get Free Report) General Counsel Christopher Schmitt sold 21,043 shares of the stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $20.36, for a total transaction of $428,435.48. Following the transaction, the general counsel owned 1,291,678 shares in the company, valued at approximately $26,298,564.08. The trade was a 1.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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.

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

On Wednesday, October 7th, Christopher Schmitt sold 23,367 shares of SailPoint stock. The shares were sold at an average price of $19.71, for a total value of $460,563.57.

SailPoint Stock Performance

NASDAQ:SAIL opened at $20.02 on Friday. SailPoint, Inc. has a fifty-two week low of $10.30 and a fifty-two week high of $23.89. The company’s 50-day simple moving average is $19.30 and its 200-day simple moving average is $15.84. The stock has a market capitalization of $11.43 billion, a P/E ratio of -58.88, a P/E/G ratio of 2.15 and a beta of 2.15.

SailPoint (NASDAQ:SAIL – Get Free Report) last announced its 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 firm had revenue of $308.81 million for the quarter. SailPoint had a positive return on equity of 2.44% and a negative net margin of 16.92%.The firm’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($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, research analysts forecast that SailPoint, Inc. will post 0.33 EPS for the current year.

SailPoint News Summary

Here are the key news stories impacting SailPoint this week:

Positive Sentiment: Robert W. Baird raised its price target to $25 from $22 and reiterated an “outperform” rating, implying substantial upside from recent trading levels. Benzinga report
Positive Sentiment: Oppenheimer initiated coverage with an “outperform” rating and a $30 price target, citing SailPoint’s potential role in securing AI agents as enterprise adoption expands. Oppenheimer coverage report
Positive Sentiment: Recent coverage emphasized a significant gap between enterprise AI-agent adoption and identity-security capabilities, potentially creating new demand for SailPoint’s products. AI identity-security opportunity report
Positive Sentiment: The broader analyst view remains favorable: SailPoint was described as having a “moderate buy” consensus, while Scotiabank also issued positive commentary. Analyst consensus report
Neutral Sentiment: CEO Mark McClain said AI agents require safeguards, including a “kill switch,” and SailPoint’s Navigate event focused on reducing standing privileges. The comments reinforce the industry opportunity but do not represent new financial guidance. SailPoint CEO AI-agent commentary
Negative Sentiment: Multiple executives—including the CEO, CFO, president, general counsel, chief accounting officer and an EVP—sold a combined roughly $10 million of shares. However, all transactions were executed under pre-arranged Rule 10b5-1 plans to cover tax withholding on vested equity awards, and each executive retained a substantial stake. SEC insider-trading filing

Institutional Trading of SailPoint

A number of institutional investors and hedge funds have recently bought and sold shares of SAIL. WINTON GROUP Ltd increased its stake in SailPoint by 171.8% during the 2nd quarter. WINTON GROUP Ltd now owns 64,954 shares of the company’s stock worth $951,000 after buying an additional 41,054 shares during the period. Engineers Gate Manager LP acquired a new stake in shares of SailPoint in the second quarter valued at approximately $464,000. Integrated Wealth Concepts LLC acquired a new stake in shares of SailPoint during the second quarter worth about $125,000. Corient Private Wealth LP purchased a new position in SailPoint in the 2nd quarter valued at $412,000. Finally, Outfitters Financial LLC lifted its position in SailPoint by 4.8% in the second quarter. Outfitters Financial LLC now owns 41,175 shares of the company’s stock valued at $603,000 after purchasing an additional 1,900 shares during the period.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Cantor Fitzgerald upped their price objective on shares of SailPoint from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Tuesday, September 1st. Stephens reiterated an “overweight” rating and set a $20.00 target price on shares of SailPoint in a research report on Wednesday, June 17th. Royal Bank Of Canada raised their price target on shares of SailPoint from $19.00 to $22.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Wells Fargo & Company lifted their target price on shares of SailPoint from $19.00 to $22.00 and gave the stock an “overweight” rating in a research note on Monday, August 17th. Finally, Barclays increased their price target on SailPoint from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, September 10th. Twenty equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $22.11.

View Our Latest Stock Report on SAIL

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.