SailPoint (NASDAQ:SAIL) President Matt Mills Sells 34,171 Shares of Stock

SailPoint, Inc. (NASDAQ:SAIL) President Matt Mills sold 34,171 shares of the firm’s stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $11.46, for a total transaction of $391,599.66. Following the sale, the president owned 2,451,334 shares of the company’s stock, valued at approximately $28,092,287.64. The trade was a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through 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.

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

• On Wednesday, April 8th, Matt Mills sold 24,746 shares of SailPoint stock. The stock was sold at an average price of $12.80, for a total transaction of $316,748.80.
• On Tuesday, April 7th, Matt Mills sold 24,771 shares of SailPoint stock. The stock was sold at an average price of $12.72, for a total value of $315,087.12.

SailPoint Stock Down 10.9%

SAIL stock opened at $11.06 on Friday. The business has a fifty day moving average of $14.10 and a two-hundred day moving average of $18.23. The stock has a market cap of $6.24 billion, a price-to-earnings ratio of -19.75 and a beta of 2.38. SailPoint, Inc. has a 52-week low of $10.99 and a 52-week high of $24.95.

SailPoint (NASDAQ:SAIL) last posted its earnings results on Wednesday, March 18th. The company reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08. The company had revenue of $294.65 million during the quarter. SailPoint had a positive return on equity of 1.95% and a negative net margin of 25.20%.SailPoint’s revenue was up 22.9% compared to the same quarter last year. During the same period last year, the business earned ($4.29) EPS.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Aster Capital Management DIFC Ltd acquired a new position in shares of SailPoint in the third quarter valued at approximately $31,000. State of Wyoming acquired a new position in shares of SailPoint in the second quarter valued at approximately $45,000. Palladiem LLC acquired a new position in shares of SailPoint in the fourth quarter valued at approximately $42,000. Kestra Advisory Services LLC acquired a new position in shares of SailPoint in the fourth quarter valued at approximately $42,000. Finally, CWM LLC grew its stake in SailPoint by 315.6% during the 4th quarter. CWM LLC now owns 2,656 shares of the company’s stock worth $54,000 after purchasing an additional 2,017 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Truist Financial dropped their price target on shares of SailPoint from $23.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, March 19th. BMO Capital Markets reiterated an “outperform” rating on shares of SailPoint in a research report on Thursday, December 11th. BTIG Research dropped their price target on shares of SailPoint from $22.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, March 19th. Wells Fargo & Company dropped their price objective on SailPoint from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Thursday, March 19th. Finally, TD Cowen dropped their price objective on SailPoint from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.35.

SailPoint News Summary

Here are the key news stories impacting SailPoint this week:

• Positive Sentiment: New product leadership — SailPoint named Levent Besik as Chief Product Officer, strengthening the product organization and execution capability, a constructive sign for long?term product roadmap and innovation. SailPoint appoints Levent Besik as Chief Product Officer
• Neutral Sentiment: Insider selling under 10b5?1 plans — Multiple senior executives (CEO, CFO, President, General Counsel, EVP and other insiders) sold shares April 7–9 to cover tax withholding on vested awards. The filings total roughly $6.3M of shares sold and were executed under pre?arranged plans, which reduces the signal of opportunistic selling but can still weigh on near?term sentiment. SEC filings (example)
• Negative Sentiment: Weaker near?term guidance — SailPoint cut its Q1 FY2027 revenue guidance to $273.0M–$277.0M (consensus ~ $285.3M) and gave EPS 0.040–0.050 (versus consensus ~0.050). FY2027 EPS was guided to $0.300–0.340 (roughly in line at the midpoint) with revenue around $1.3B. The Q1 revenue shortfall is the most immediate earnings?risk and explains downward pressure on the stock.

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.