Insider Selling: SailPoint (NASDAQ:SAIL) General Counsel Sells $766,450.12 in Stock

SailPoint, Inc. (NASDAQ:SAIL) General Counsel Christopher Schmitt sold 34,186 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 $766,450.12. Following the transaction, the general counsel owned 1,069,864 shares in the company, valued at approximately $23,986,350.88. This trade represents a 3.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, October 8th, Christopher Schmitt sold 28,841 shares of SailPoint stock. The shares were sold at an average price of $22.45, for a total value of $647,480.45.
• On Tuesday, October 7th, Christopher Schmitt sold 28,267 shares of SailPoint stock. The shares were sold at an average price of $22.55, for a total value of $637,420.85.

SailPoint Trading Down 6.7%

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

SailPoint (NASDAQ:SAIL) last announced its quarterly earnings data on Tuesday, September 9th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.03. The company had revenue of $264.36 million during the quarter, compared to analyst estimates of $243.41 million. The business’s revenue for the quarter 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 SAIL. Stephens Investment Management Group LLC acquired a new stake in SailPoint during the first quarter worth $23,213,000. Allianz Asset Management GmbH acquired a new stake in shares of SailPoint in the 1st quarter valued at $3,496,000. GW&K Investment Management LLC acquired a new stake in shares of SailPoint in the 1st quarter valued at $2,173,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of SailPoint in the 1st quarter valued at $1,683,000. Finally, Assetmark Inc. acquired a new stake in shares of SailPoint in the 1st quarter valued at $32,000.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on SAIL shares. 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. Arete Research upgraded shares of SailPoint to a “strong sell” rating and set a $16.00 price objective on the stock in a research note on Monday, July 7th. Arete assumed 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. BMO Capital Markets decreased their price target on shares of SailPoint from $27.00 to $25.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 9th. Finally, Mizuho lifted their price target on shares of SailPoint from $24.00 to $25.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 30th. 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 given a Sell rating to the stock. According to data from MarketBeat.com, SailPoint currently has an average rating of “Moderate Buy” and a consensus target price of $25.58.

About SailPoint

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.