SailPoint (NASDAQ:SAIL) Insider Sells 16,999 Shares of Stock

SailPoint, Inc. (NASDAQ:SAIL) insider Abby Payne sold 16,999 shares of the stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $15.42, for a total transaction of $262,124.58. Following the sale, the insider directly owned 891,965 shares in the company, valued at $13,754,100.30. This trade represents a 1.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 Tuesday, July 7th, Abby Payne sold 21,542 shares of SailPoint stock. The stock was sold at an average price of $16.29, for a total transaction of $350,919.18.

SailPoint Stock Performance

Shares of SailPoint stock traded down $0.26 on Thursday, hitting $14.85. The company’s stock had a trading volume of 5,858,314 shares, compared to its average volume of 3,668,685. The company has a market capitalization of $8.42 billion, a price-to-earnings ratio of -55.00, a price-to-earnings-growth ratio of 1.80 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 firm has a fifty day moving average price of $14.54 and a 200-day moving average price of $15.15.

SailPoint (NASDAQ:SAIL) last announced its earnings results on Tuesday, June 9th. The company reported $0.05 earnings per share 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 business had revenue of $280.14 million during the quarter. During the same period in the previous year, the company earned $0.01 earnings per share. The company’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. As a group, analysts forecast 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 the company. Royal Bank of Canada acquired a new stake in SailPoint during the first quarter worth about $1,146,000. Goldman Sachs Group Inc. purchased a new stake in shares of SailPoint in the 1st quarter valued at approximately $7,546,000. JPMorgan Chase & Co. purchased a new stake in shares of SailPoint in the 2nd quarter valued at approximately $692,000. Rhumbline Advisers acquired a new stake in shares of SailPoint during the 2nd quarter worth approximately $1,047,000. Finally, New York State Common Retirement Fund purchased a new stake in shares of SailPoint during the 2nd quarter valued at approximately $572,000.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SAIL. TD Cowen reaffirmed a “buy” rating on shares of SailPoint in a research note on Wednesday, June 17th. Roth Capital started coverage on SailPoint in a report on Wednesday, May 20th. They issued a “buy” rating and a $19.00 price objective on the stock. Wolfe Research reaffirmed an “outperform” rating and set a $18.00 target price on shares of SailPoint in a research note on Wednesday, June 10th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $19.00 target price on shares of SailPoint in a report on Wednesday, June 10th. Finally, Wells Fargo & Company raised their price target on shares of SailPoint from $17.00 to $19.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $20.08.

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.