SailPoint (NASDAQ:SAIL) Insider Abby Payne Sells 21,542 Shares

SailPoint, Inc. (NASDAQ:SAIL) insider Abby Payne sold 21,542 shares of the stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $16.29, for a total value of $350,919.18. Following the sale, the insider owned 908,964 shares in the company, valued at approximately $14,807,023.56. This represents a 2.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Wednesday, July 8th, Abby Payne sold 16,999 shares of SailPoint stock. The stock was sold at an average price of $15.42, for a total value of $262,124.58.

SailPoint Price Performance

Shares of NASDAQ:SAIL opened at $14.85 on Friday. The company has a market cap of $8.42 billion, a P/E ratio of -55.00, a PEG ratio of 1.68 and a beta of 2.20. SailPoint, Inc. has a 1 year low of $10.30 and a 1 year high of $24.00. The stock’s fifty day moving average price is $14.60 and its 200-day moving average price is $15.10.

SailPoint (NASDAQ:SAIL) last released its quarterly earnings data on Tuesday, June 9th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. SailPoint had a positive return on equity of 2.31% and a negative net margin of 14.04%.The company had revenue of $280.14 million during the quarter. During the same quarter in the previous year, the business posted $0.01 earnings per share. SailPoint’s quarterly revenue was up 21.5% compared to the same quarter last year. SailPoint has set its Q2 2027 guidance at 0.070-0.080 EPS and its FY 2027 guidance at 0.300-0.340 EPS. On average, sell-side analysts anticipate that SailPoint, Inc. will post 0.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Bank of America reissued a “neutral” rating and set a $16.00 price objective on shares of SailPoint in a report on Friday, June 12th. Mizuho set a $16.00 target price on shares of SailPoint in a research report on Wednesday, June 10th. BTIG Research reiterated a “buy” rating and set a $18.00 target price on shares of SailPoint in a research note on Tuesday, June 9th. BMO Capital Markets reissued an “outperform” rating on shares of SailPoint in a report on Wednesday, June 10th. Finally, Jefferies Financial Group downgraded SailPoint from a “buy” rating to a “buy” rating in a research note on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $20.08.

Key SailPoint News

Here are the key news stories impacting SailPoint this week:

• Positive Sentiment: Rosenblatt Securities initiated coverage with a neutral/hold stance and a $16 price target, implying modest upside from recent trading levels. Rosenblatt Securities Initiates a Hold Rating on SailPoint, Inc. (SAIL)
• Positive Sentiment: A separate note highlighted that SailPoint has been up since its last earnings report, suggesting the company’s recent financial results still support the stock. SailPoint, Inc. (SAIL) Up 2.7% Since Last Earnings Report: Can It Continue?
• Neutral Sentiment: The company remains in the spotlight after reporting quarterly earnings that beat estimates and raised guidance, which continues to shape investor expectations.
• Negative Sentiment: Pomerantz LLP said it is investigating claims on behalf of SailPoint investors, which can add legal overhang and uncertainty. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of SailPoint, Inc. – SAIL
• Negative Sentiment: Multiple executives and insiders disclosed stock sales, including the CEO, CFO, president, general counsel, CAO, EVP, and another insider. While the sales were tied to Rule 10b5-1 plans and tax withholding, the volume of selling may still worry investors about near-term sentiment. SailPoint (SAIL) Faces Insider Resales, Is The Stock Still Cheap?

Hedge Funds Weigh In On SailPoint

Several institutional investors and hedge funds have recently bought and sold shares of the stock. State of Wyoming bought a new stake in SailPoint during the second quarter valued at about $45,000. Palladiem LLC purchased a new stake in SailPoint in the fourth quarter worth about $42,000. Kestra Advisory Services LLC bought a new position in shares of SailPoint in the fourth quarter worth about $42,000. CWM LLC raised its stake in shares of SailPoint by 315.6% in the fourth quarter. CWM LLC now owns 2,656 shares of the company’s stock worth $54,000 after buying an additional 2,017 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in shares of SailPoint by 208.2% during the 4th quarter. Farther Finance Advisors LLC now owns 3,070 shares of the company’s stock valued at $62,000 after buying an additional 2,074 shares in the last quarter.

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.