Abby Payne Sells 26,031 Shares of SailPoint (NASDAQ:SAIL) Stock

SailPoint, Inc. (NASDAQ:SAIL) insider Abby Payne sold 26,031 shares of the business’s stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $22.55, for a total value of $586,999.05. Following the completion of the sale, the insider owned 760,724 shares of the company’s stock, valued at $17,154,326.20. The trade was a 3.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, October 9th, Abby Payne sold 31,481 shares of SailPoint stock. The shares were sold at an average price of $22.42, for a total value of $705,804.02.
• On Wednesday, October 8th, Abby Payne sold 26,560 shares of SailPoint stock. The shares were sold at an average price of $22.45, for a total value of $596,272.00.

SailPoint Trading Down 6.7%

Shares of SAIL stock opened at $21.73 on Friday. SailPoint, Inc. has a fifty-two week low of $15.05 and a fifty-two week high of $26.35. The stock has a 50 day moving average price of $21.16 and a two-hundred day moving average price of $20.09.

SailPoint (NASDAQ:SAIL) last announced its quarterly earnings data on Tuesday, September 9th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.03. The company had revenue of $264.36 million during the quarter, compared to the consensus estimate of $243.41 million. The company’s quarterly revenue was up 32.9% compared to the same quarter last year. SailPoint has set its FY 2026 guidance at 0.200-0.220 EPS. Q3 2026 guidance at 0.050-0.06 EPS.

Analyst Upgrades and Downgrades

SAIL has been the subject of a number of recent analyst reports. Mizuho upped their target price on SailPoint from $24.00 to $25.00 and gave the company a “neutral” rating in a report on Tuesday, September 30th. Weiss Ratings restated a “sell (d+)” rating on shares of SailPoint in a report on Wednesday. Wells Fargo & Company upped their target price on SailPoint from $20.00 to $23.00 and gave the company an “equal weight” rating in a report on Tuesday, September 30th. BTIG Research restated a “buy” rating and set a $29.00 target price on shares of SailPoint in a report on Tuesday, September 30th. Finally, Scotiabank assumed coverage on SailPoint in a research note on Wednesday, September 3rd. They issued a “sector outperform” rating and a $25.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $25.58.

Hedge Funds Weigh In On SailPoint

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. purchased a new position in shares of SailPoint in the 1st quarter worth about $94,194,000. Norges Bank purchased a new position in shares of SailPoint in the 2nd quarter worth about $112,297,000. Voya Investment Management LLC raised its position in shares of SailPoint by 10.1% in the 3rd quarter. Voya Investment Management LLC now owns 4,309,070 shares of the company’s stock worth $95,144,000 after purchasing an additional 395,287 shares during the last quarter. Alliancebernstein L.P. purchased a new position in shares of SailPoint in the 1st quarter worth about $55,644,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of SailPoint in the 2nd quarter worth about $64,453,000.

About SailPoint

SailPoint, Inc delivers solutions to enable comprehensive identity security for the enterprise. Its solutions enable organizations to establish, control, and automate policies that help them define and maintain a robust security posture and achieve regulatory compliance. The company was founded by Mark David McClain in 2005 and is headquartered in Austin, TX.