SailPoint (NASDAQ:SAIL) President Sells $708,370.65 in Stock

SailPoint, Inc. (NASDAQ:SAIL) President Matt Mills sold 43,485 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $16.29, for a total transaction of $708,370.65. Following the sale, the president owned 2,407,849 shares of the company’s stock, valued at approximately $39,223,860.21. This represents a 1.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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, July 8th, Matt Mills sold 34,312 shares of SailPoint stock. The shares were sold at an average price of $15.42, for a total transaction of $529,091.04.

SailPoint Stock Performance

SailPoint stock traded down $1.14 during trading on Friday, reaching $13.71. 3,361,605 shares of the company’s stock were exchanged, compared to its average volume of 4,720,288. The company’s 50-day moving average is $14.65 and its two-hundred day moving average is $15.09. SailPoint, Inc. has a 52-week low of $10.30 and a 52-week high of $24.00. The firm has a market cap of $7.78 billion, a price-to-earnings ratio of -50.78, a PEG ratio of 1.53 and a beta of 2.20.

SailPoint (NASDAQ:SAIL) last released its quarterly earnings data on Tuesday, June 9th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. The company had revenue of $280.14 million for the quarter. SailPoint had a positive return on equity of 2.31% and a negative net margin of 14.04%.The company’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period last year, the business earned $0.01 earnings per share. SailPoint has set its Q2 2027 guidance at 0.070-0.080 EPS and its FY 2027 guidance at 0.300-0.340 EPS. Analysts anticipate that SailPoint, Inc. will post 0.32 EPS for the current year.

SailPoint News Summary

Here are the key news stories impacting SailPoint this week:

• Positive Sentiment: Rosenblatt Securities initiated coverage on SailPoint with a neutral/hold rating and a $16 price target, suggesting the stock still has some upside from recent levels. Rosenblatt Securities Initiates a Hold Rating on SailPoint, Inc. (SAIL)
• Positive Sentiment: A recent earnings recap noted SailPoint has remained up since its last report, reflecting continued support from its better-than-expected quarter and raised guidance. SailPoint, Inc. (SAIL) Up 2.7% Since Last Earnings Report: Can It Continue?
• Neutral Sentiment: SailPoint’s last quarterly report beat earnings estimates and showed 21.5% revenue growth, but the market may now be focusing more on near-term sentiment and positioning than on fundamentals alone.
• Negative Sentiment: Pomerantz LLP announced an investigation on behalf of SailPoint investors, creating a legal overhang that could weigh on sentiment. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of SailPoint, Inc. – SAIL
• Negative Sentiment: Multiple insiders, including the CEO, CFO, president, general counsel, CAO, and EVP, disclosed stock sales over the past two days. The transactions were tied to 10b5-1 plans and tax withholding, but the volume of selling can still spook investors. SailPoint (SAIL) Faces Insider Resales, Is The Stock Still Cheap?

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Truist Financial set a $18.00 price target on SailPoint in a report on Wednesday, June 17th. BMO Capital Markets reiterated an “outperform” rating on shares of SailPoint in a research note on Wednesday, June 10th. Bank of America reissued a “neutral” rating and set a $16.00 target price on shares of SailPoint in a research report on Friday, June 12th. Robert W. Baird decreased their target price on shares of SailPoint from $26.00 to $22.00 and set an “outperform” rating for the company in a research note on Thursday, March 19th. Finally, Barclays lowered their price target on shares of SailPoint from $22.00 to $19.00 and set an “overweight” rating for the company in a report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $20.08.

Institutional Investors Weigh In On SailPoint

A number of hedge funds have recently bought and sold shares of SAIL. Wasatch Advisors LP purchased a new stake in SailPoint during the 2nd quarter worth approximately $66,173,000. Handelsbanken Fonder AB boosted its stake in shares of SailPoint by 13.9% during the 2nd quarter. Handelsbanken Fonder AB now owns 18,000 shares of the company’s stock valued at $264,000 after buying an additional 2,200 shares during the last quarter. Polianta Ltd purchased a new position in shares of SailPoint during the 2nd quarter valued at approximately $1,948,000. 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 buying an additional 900 shares in the last quarter. Finally, Bank of America Corp DE grew its position in shares of SailPoint by 40.1% during the first quarter. Bank of America Corp DE now owns 1,764,870 shares of the company’s stock worth $23,367,000 after buying an additional 504,726 shares in the last quarter.

SailPoint Company Profile

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.