SailPoint (NASDAQ:SAIL) CAO Mitra Rezvan Sells 1,214 Shares

SailPoint, Inc. (NASDAQ:SAIL) CAO Mitra Rezvan sold 1,214 shares of SailPoint stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $20.00, for a total value of $24,280.00. Following the transaction, the chief accounting officer owned 181,427 shares of the company’s stock, valued at approximately $3,628,540. This represents a 0.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mitra Rezvan also recently made the following trade(s):

• On Wednesday, July 8th, Mitra Rezvan sold 3,881 shares of SailPoint stock. The shares were sold at an average price of $15.42, for a total transaction of $59,845.02.
• On Tuesday, July 7th, Mitra Rezvan sold 2,954 shares of SailPoint stock. The stock was sold at an average price of $16.29, for a total transaction of $48,120.66.
• On Monday, June 1st, Mitra Rezvan sold 7,487 shares of SailPoint stock. The shares were sold at an average price of $20.00, for a total value of $149,740.00.

SailPoint Stock Down 2.3%

Shares of SailPoint stock opened at $19.53 on Friday. The firm has a market cap of $11.08 billion, a PE ratio of -72.33, a P/E/G ratio of 2.22 and a beta of 2.08. SailPoint, Inc. has a twelve month low of $10.30 and a twelve month high of $24.00. The business has a 50-day moving average price of $15.49 and a 200 day moving average price of $14.58.

SailPoint (NASDAQ:SAIL) last issued its quarterly earnings data on Tuesday, June 9th. The company reported $0.05 EPS for the quarter, beating 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 for the quarter. During the same period in the previous year, the business posted $0.01 earnings per share. The firm’s revenue for the quarter was up 21.5% on a year-over-year basis. 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 expect that SailPoint, Inc. will post 0.32 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SAIL. Freestone Grove Partners LP purchased a new stake in shares of SailPoint in the second quarter valued at about $21,266,000. Legal & General Group Plc purchased a new position in SailPoint during the second quarter worth about $94,000. The Manufacturers Life Insurance Company purchased a new position in SailPoint during the second quarter worth about $3,286,000. Bank of Nova Scotia acquired a new position in SailPoint in the 2nd quarter valued at about $373,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in SailPoint in the 2nd quarter valued at about $50,000.

Wall Street Analyst Weigh In

SAIL has been the subject of a number of research reports. Mizuho set a $16.00 target price on shares of SailPoint in a report on Wednesday, June 10th. Wolfe Research reissued an “outperform” rating and issued a $18.00 price target on shares of SailPoint in a research note on Wednesday, June 10th. The Goldman Sachs Group restated a “neutral” rating and set a $19.00 price target on shares of SailPoint in a research report on Wednesday, June 10th. Wells Fargo & Company upped their price objective on shares of SailPoint from $17.00 to $19.00 and gave the company an “overweight” rating in a research note on Wednesday, June 10th. Finally, Jefferies Financial Group lowered shares of 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 given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, SailPoint has an average rating of “Moderate Buy” and a consensus target price of $20.08.

SailPoint Company Profile

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.