Abby Payne Sells 31,481 Shares of SailPoint (NASDAQ:SAIL) Stock

SailPoint, Inc. (NASDAQ:SAIL) insider Abby Payne sold 31,481 shares of the 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 $705,804.02. Following the transaction, the insider owned 702,683 shares in the company, valued at approximately $15,754,152.86. This trade represents a 4.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, October 8th, Abby Payne sold 26,560 shares of SailPoint stock. The shares were sold at an average price of $22.45, for a total value of $596,272.00.
• On Tuesday, October 7th, Abby Payne sold 26,031 shares of SailPoint stock. The shares were sold at an average price of $22.55, for a total value of $586,999.05.

SailPoint Trading Down 6.7%

Shares of SAIL stock opened at $21.73 on Friday. SailPoint, Inc. has a 12 month low of $15.05 and a 12 month high of $26.35. The business’s 50 day moving average is $21.16 and its two-hundred day moving average is $20.09.

SailPoint (NASDAQ:SAIL) last announced its quarterly earnings results on Tuesday, September 9th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.04 by $0.03. The company had revenue of $264.36 million for the quarter, compared to analyst estimates of $243.41 million. The company’s revenue was up 32.9% compared to the same quarter last year. 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 institutional investors have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. boosted its stake in SailPoint by 3.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 46,895 shares of the company’s stock worth $1,072,000 after buying an additional 1,510 shares in the last quarter. Assetmark Inc. acquired a new stake in SailPoint during the first quarter worth $32,000. Loomis Sayles & Co. L P acquired a new stake in SailPoint during the second quarter worth $42,000. State of Wyoming acquired a new stake in SailPoint during the second quarter worth $45,000. Finally, Kayne Anderson Rudnick Investment Management LLC acquired a new stake in SailPoint during the first quarter worth $49,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SAIL. Scotiabank began coverage on shares of SailPoint in a research note on Wednesday, September 3rd. They issued a “sector outperform” rating and a $25.00 price objective on the stock. Arete began coverage on shares of SailPoint in a research note on Monday, July 7th. They issued a “sell” rating and a $16.00 price objective on the stock. JPMorgan Chase & Co. upgraded shares of SailPoint from a “neutral” rating to an “overweight” rating and set a $26.00 price objective on the stock in a research note on Wednesday, August 13th. Weiss Ratings restated a “sell (d+)” rating on shares of SailPoint in a research note on Wednesday. Finally, Morgan Stanley upgraded shares of SailPoint from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective on the stock in a research note on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock 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.