SailPoint (NASDAQ:SAIL) Insider Abby Payne Sells 3,582 Shares

SailPoint, Inc. (NASDAQ:SAIL) insider Abby Payne sold 3,582 shares of the business’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $19.57, for a total value of $70,099.74. Following the sale, the insider owned 678,807 shares of the company’s stock, valued at $13,284,252.99. The trade was a 0.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Wednesday, January 7th, Abby Payne sold 9,329 shares of SailPoint stock. The shares were sold at an average price of $19.90, for a total transaction of $185,647.10.
• On Tuesday, January 6th, Abby Payne sold 10,965 shares of SailPoint stock. The stock was sold at an average price of $19.23, for a total transaction of $210,856.95.

SailPoint Stock Performance

Shares of NASDAQ:SAIL traded down $0.59 during midday trading on Thursday, hitting $19.54. 2,272,045 shares of the company’s stock traded hands, compared to its average volume of 1,654,826. The firm’s fifty day moving average price is $19.95 and its two-hundred day moving average price is $20.93. SailPoint, Inc. has a twelve month low of $15.05 and a twelve month high of $26.35. The company has a market cap of $10.97 billion and a PE ratio of -4.08.

SailPoint (NASDAQ:SAIL) last issued its earnings results on Tuesday, December 9th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. The business had revenue of $281.94 million for the quarter, compared to analyst estimates of $270.35 million. SailPoint had a negative net margin of 30.87% and a positive return on equity of 0.16%. 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 Trading of SailPoint

A number of large investors have recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd bought a new stake in SailPoint in the 3rd quarter valued at $31,000. Loomis Sayles & Co. L P bought a new position in shares of SailPoint in the second quarter valued at about $42,000. State of Wyoming acquired a new stake in shares of SailPoint during the 2nd quarter worth about $45,000. Amalgamated Bank bought a new position in SailPoint in the 2nd quarter valued at about $71,000. Finally, BNP Paribas Financial Markets acquired a new stake in SailPoint during the second quarter worth approximately $79,000.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Scotiabank decreased their target price on shares of SailPoint from $25.00 to $24.00 and set a “sector outperform” rating for the company in a research report on Wednesday, December 10th. Wells Fargo & Company raised their price objective on SailPoint from $20.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 30th. Cantor Fitzgerald reissued an “overweight” rating on shares of SailPoint in a research note on Wednesday, December 3rd. Mizuho cut their price objective on SailPoint from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, December 9th. Finally, Wolfe Research initiated coverage on SailPoint in a report on Monday, October 20th. They issued an “outperform” rating and a $27.00 target price on the stock. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.