Matt Mills Sells 13,771 Shares of SailPoint (NASDAQ:SAIL) Stock

SailPoint, Inc. (NASDAQ:SAIL) President Matt Mills sold 13,771 shares of the company’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $19.57, for a total value of $269,498.47. Following the completion of the transaction, the president directly owned 1,850,983 shares in the company, valued at approximately $36,223,737.31. This trade represents a 0.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Matt Mills also recently made the following trade(s):

• On Wednesday, January 7th, Matt Mills sold 18,159 shares of SailPoint stock. The stock was sold at an average price of $19.90, for a total value of $361,364.10.
• On Tuesday, January 6th, Matt Mills sold 21,345 shares of SailPoint stock. The shares were sold at an average price of $19.23, for a total transaction of $410,464.35.

SailPoint Price Performance

Shares of SAIL stock opened at $19.67 on Friday. SailPoint, Inc. has a 1-year low of $15.05 and a 1-year high of $26.35. The firm has a market cap of $11.05 billion and a PE ratio of -4.11. The company has a 50-day moving average of $19.91 and a two-hundred day moving average of $20.91.

SailPoint (NASDAQ:SAIL) last issued its quarterly earnings data on Tuesday, December 9th. The company reported $0.08 EPS for the quarter, topping 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 firm had revenue of $281.94 million for the quarter, compared to analyst estimates of $270.35 million. SailPoint’s quarterly revenue 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.

Key SailPoint News

Here are the key news stories impacting SailPoint this week:

• Positive Sentiment: BTIG reaffirmed a “buy” and raised its emphasis on near-term catalysts, issuing a $29 price target that implies meaningful upside versus current levels — a direct bullish signal for momentum and investor confidence. BTIG Reaffirmation
• Positive Sentiment: MarketBeat and other commentary framed the recent pullback as market-driven (not due to an earnings miss or guidance cut), positioning the decline as a potential buying window given SailPoint’s strong revenue growth and >$1B ARR profile. That narrative supports short-term buying interest. MarketBeat Buying-Window
• Neutral Sentiment: Coverage remains mixed but constructive overall — several firms maintain Buy/Outperform ratings and analysts’ targets still imply upside (consensus target ~ $26), while a few houses remain cautious. This keeps analyst-driven volatility possible but not uniformly negative. Wall Street Coverage
• Neutral Sentiment: Benzinga summarized seven analyst projections for SailPoint, providing varied near-term views — useful context for relative targets but not an immediate catalyst on its own. Benzinga Analyst Projections
• Negative Sentiment: Clustered insider selling from Jan. 6–8 — including the CEO, CFO, President and other senior execs selling sizeable blocks over multiple days — is the biggest near-term headwind. Large, concurrent Form 4 filings weigh on sentiment even though filings show insiders retain large positions; investors often interpret concentrated sales as caution or liquidity events. Representative SEC filing (CEO sales): CEO Form 4
• Negative Sentiment: Smaller insider sell notices (e.g., Abby Payne) were also reported and aggregated in media/filings, reinforcing the perception of executive selling pressure. These individual disclosures amplify the broader selling narrative. Abby Payne Sale

Analyst Ratings Changes

Several equities analysts recently issued reports on SAIL shares. Scotiabank decreased their target price on SailPoint from $25.00 to $24.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, December 10th. Wolfe Research initiated coverage on SailPoint in a research report on Monday, October 20th. They issued an “outperform” rating and a $27.00 target price for the company. Barclays reduced their price target on shares of SailPoint from $25.00 to $23.00 and set an “overweight” rating on the stock in a research report on Thursday, December 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of SailPoint in a research note on Monday, December 29th. Finally, Wells Fargo & Company lifted their price objective on shares of SailPoint from $20.00 to $23.00 and gave the company an “equal weight” rating in a report on Tuesday, September 30th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $26.01.

Hedge Funds Weigh In On SailPoint

A number of institutional investors and hedge funds have recently made changes to their positions in SAIL. Aster Capital Management DIFC Ltd purchased a new stake in shares of SailPoint during the third quarter worth approximately $31,000. Loomis Sayles & Co. L P purchased a new stake in shares of SailPoint in the 2nd quarter valued at approximately $42,000. State of Wyoming purchased a new stake in shares of SailPoint in the 2nd quarter valued at approximately $45,000. Amalgamated Bank acquired a new stake in shares of SailPoint in the 2nd quarter valued at $71,000. Finally, BNP Paribas Financial Markets purchased a new stake in shares of SailPoint during the 2nd quarter worth $79,000.

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.