Christopher Schmitt Sells 11,908 Shares of SailPoint (NASDAQ:SAIL) Stock

SailPoint, Inc. (NASDAQ:SAIL) General Counsel Christopher Schmitt sold 11,908 shares of the company’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $19.23, for a total transaction of $228,990.84. Following the completion of the sale, the general counsel directly owned 1,057,956 shares of the company’s stock, valued at approximately $20,344,493.88. This trade represents a 1.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, January 8th, Christopher Schmitt sold 4,507 shares of SailPoint stock. The stock was sold at an average price of $19.57, for a total transaction of $88,201.99.
• On Wednesday, January 7th, Christopher Schmitt sold 10,130 shares of SailPoint stock. The stock was sold at an average price of $19.90, for a total value of $201,587.00.

SailPoint Stock Down 2.9%

Shares of NASDAQ:SAIL traded down $0.59 during trading on Thursday, hitting $19.54. The stock had a trading volume of 2,272,045 shares, compared to its average volume of 1,654,826. SailPoint, Inc. has a 12-month low of $15.05 and a 12-month high of $26.35. The stock has a market capitalization of $10.97 billion and a price-to-earnings ratio of -4.08. The stock has a 50-day simple moving average of $19.95 and a two-hundred day simple moving average of $20.93.

SailPoint (NASDAQ:SAIL) last announced its earnings results on Tuesday, December 9th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.02. SailPoint had a negative net margin of 30.87% and a positive return on equity of 0.16%. The business had revenue of $281.94 million for the quarter, compared to analyst estimates of $270.35 million. The business’s revenue for the quarter was up 19.8% on a year-over-year basis. SailPoint has set its FY 2026 guidance at 0.220-0.230 EPS and its Q4 2026 guidance at 0.080-0.09 EPS.

Institutional Investors Weigh In On SailPoint

Institutional investors and hedge funds have recently modified their holdings of the stock. Aster Capital Management DIFC Ltd acquired a new stake in shares of SailPoint in the third quarter worth $31,000. Loomis Sayles & Co. L P bought a new stake in SailPoint during the second quarter worth approximately $42,000. State of Wyoming bought a new stake in SailPoint during the second quarter valued at about $45,000. Amalgamated Bank acquired a new stake in shares of SailPoint in the second quarter worth $71,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of SailPoint in the second quarter valued at about $79,000.

Analyst Ratings Changes

Several research analysts recently commented on SAIL shares. Mizuho lowered their target price on SailPoint from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, December 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of SailPoint in a research note on Monday, December 29th. Robert W. Baird started coverage on shares of SailPoint in a research note on Monday, October 27th. They set an “outperform” rating and a $26.00 price target on the stock. Berenberg Bank initiated coverage on SailPoint in a research report on Tuesday, November 18th. They set a “buy” rating and a $31.70 target price on the stock. Finally, Royal Bank Of Canada upped their target price on shares of SailPoint from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Monday. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.01.

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.