SailPoint (NASDAQ:SAIL) Insider Sells $262,124.58 in Stock

SailPoint, Inc. (NASDAQ:SAIL) insider Abby Payne sold 16,999 shares of SailPoint stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $15.42, for a total value of $262,124.58. Following the sale, the insider directly owned 891,965 shares of the company’s stock, valued at $13,754,100.30. This trade represents a 1.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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.

Abby Payne also recently made the following trade(s):

• On Tuesday, July 7th, Abby Payne sold 21,542 shares of SailPoint stock. The stock was sold at an average price of $16.29, for a total value of $350,919.18.

SailPoint Price Performance

Shares of SAIL traded down $1.14 during mid-day trading on Friday, reaching $13.71. The company’s stock had a trading volume of 3,361,605 shares, compared to its average volume of 4,720,288. SailPoint, Inc. has a 12-month low of $10.30 and a 12-month high of $24.00. The stock has a market cap of $7.78 billion, a PE ratio of -50.78, a price-to-earnings-growth ratio of 1.53 and a beta of 2.20. The company’s 50 day moving average is $14.65 and its 200 day moving average is $15.09.

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SAIL shares. Barclays decreased their target price on SailPoint from $22.00 to $19.00 and set an “overweight” rating for the company in a research report on Wednesday, June 10th. The Goldman Sachs Group restated a “neutral” rating and issued a $19.00 price objective on shares of SailPoint in a research note on Wednesday, June 10th. TD Cowen restated a “buy” rating on shares of SailPoint in a research report on Wednesday, June 17th. Rosenblatt Securities started coverage on SailPoint in a report on Wednesday. They issued a “neutral” rating and a $16.00 target price on the stock. Finally, Scotiabank restated a “sector outperform” rating and set a $19.00 price objective (up from $16.00) on shares of SailPoint in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, SailPoint has a consensus rating of “Moderate Buy” and an average price target of $20.08.

Hedge Funds Weigh In On SailPoint

Hedge funds have recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of SailPoint in the 4th quarter worth about $234,681,000. OFI Invest Asset Management grew its holdings in SailPoint by 79.6% during the 4th quarter. OFI Invest Asset Management now owns 905,653 shares of the company’s stock valued at $18,321,000 after buying an additional 401,431 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of SailPoint by 22.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,412,578 shares of the company’s stock worth $26,768,000 after acquiring an additional 255,720 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of SailPoint by 215.7% during the third quarter. JPMorgan Chase & Co. now owns 95,616 shares of the company’s stock valued at $2,111,000 after acquiring an additional 65,329 shares during the last quarter. Finally, Maridea Wealth Management LLC acquired a new position in SailPoint in the 4th quarter valued at about $1,816,000.

SailPoint News Roundup

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?

About SailPoint

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.