SailPoint (NASDAQ:SAIL) Insider Sells $596,272.00 in Stock

SailPoint, Inc. (NASDAQ:SAIL) insider Abby Payne sold 26,560 shares of the stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $22.45, for a total transaction of $596,272.00. Following the completion of the sale, the insider owned 734,164 shares in the company, valued at $16,481,981.80. This represents a 3.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, October 9th, Abby Payne sold 31,481 shares of SailPoint stock. The stock was sold at an average price of $22.42, for a total transaction of $705,804.02.
• On Tuesday, October 7th, Abby Payne sold 26,031 shares of SailPoint stock. The stock was sold at an average price of $22.55, for a total transaction of $586,999.05.

SailPoint Trading Down 6.7%

NASDAQ SAIL opened at $21.73 on Friday. The company’s 50 day simple moving average is $21.16 and its two-hundred day simple moving average is $20.09. SailPoint, Inc. has a 1 year low of $15.05 and a 1 year high of $26.35.

SailPoint (NASDAQ:SAIL) last posted its quarterly earnings data on Tuesday, September 9th. The company reported $0.07 earnings per share 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 analysts’ expectations of $243.41 million. The business’s quarterly revenue was up 32.9% on a year-over-year basis. SailPoint has set its FY 2026 guidance at 0.200-0.220 EPS. Q3 2026 guidance at 0.050-0.06 EPS.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Mizuho raised their price objective on shares of SailPoint from $24.00 to $25.00 and gave the company a “neutral” rating in a research report on Tuesday, September 30th. BTIG Research restated a “buy” rating and set a $29.00 price objective on shares of SailPoint in a research report on Tuesday, September 30th. Stephens upgraded shares of SailPoint to a “strong-buy” rating in a research report on Tuesday, August 12th. BMO Capital Markets reduced their target price on shares of SailPoint from $27.00 to $25.00 and set an “outperform” rating on the stock in a report on Tuesday, September 9th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of SailPoint in a report on Wednesday. One equities research 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 issued a Sell rating to the stock. According to data from MarketBeat, SailPoint currently has a consensus rating of “Moderate Buy” and an average target price of $25.58.

Institutional Investors Weigh In On SailPoint

A number of large investors have recently added to or reduced their stakes in SAIL. Assetmark Inc. bought a new stake in SailPoint in the 1st quarter worth $32,000. Loomis Sayles & Co. L P bought a new stake in SailPoint in the 2nd quarter worth $42,000. State of Wyoming bought a new stake in SailPoint in the 2nd quarter worth $45,000. Kayne Anderson Rudnick Investment Management LLC bought a new stake in SailPoint in the 1st quarter worth $49,000. Finally, Quarry LP bought a new stake in SailPoint in the 1st quarter worth $70,000.

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.