SailPoint (NASDAQ:SAIL) Insider Abby Payne Sells 18,936 Shares of Stock

SailPoint, Inc. (NASDAQ:SAIL) insider Abby Payne sold 18,936 shares of the company’s stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $20.36, for a total value of $385,536.96. Following the completion of the sale, the insider directly owned 873,029 shares of the company’s stock, valued at approximately $17,774,870.44. This trade represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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.

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

• On Wednesday, October 7th, Abby Payne sold 21,027 shares of SailPoint stock. The stock was sold at an average price of $19.71, for a total transaction of $414,442.17.

SailPoint Stock Performance

NASDAQ:SAIL traded up $0.44 during trading hours on Thursday, hitting $20.02. The stock had a trading volume of 4,281,696 shares, compared to its average volume of 3,855,229. SailPoint, Inc. has a one year low of $10.30 and a one year high of $23.89. The company has a market cap of $11.43 billion, a price-to-earnings ratio of -58.88, a P/E/G ratio of 2.19 and a beta of 2.15. The business’s 50 day moving average is $19.22 and its 200-day moving average is $15.78.

SailPoint (NASDAQ:SAIL) last announced its quarterly earnings results on Wednesday, September 9th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. SailPoint had a negative net margin of 16.92% and a positive return on equity of 2.44%. The company had revenue of $308.81 million for the quarter. During the same period in the prior year, the business earned ($0.02) earnings per share. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. SailPoint has set its FY 2027 guidance at 0.300-0.340 EPS and its Q3 2027 guidance at 0.070-0.080 EPS. On average, sell-side analysts anticipate that SailPoint, Inc. will post 0.33 EPS for the current fiscal year.

SailPoint News Roundup

Here are the key news stories impacting SailPoint this week:

• Positive Sentiment: Analyst price targets moved higher. Robert W. Baird raised its target from $22 to $25 and maintained an “outperform” rating. Oppenheimer also initiated coverage with an “outperform” rating and a $30 target, implying substantial upside from recent trading levels.
• Positive Sentiment: AI identity-security opportunity is attracting attention. Recent coverage highlighted the widening gap between enterprise AI-agent adoption and identity-security controls. SailPoint executives and analysts argue that AI agents require stronger permissions management, monitoring and the ability to quickly revoke access, potentially creating a new growth market for the company. SailPoint Well-Positioned for Critical Role in AI Agent Identity Security
• Positive Sentiment: Wall Street sentiment is favorable. SailPoint is now covered by Oppenheimer with an “outperform” rating, while broader analyst opinion is characterized as a “moderate buy.” SailPoint Stock Rated Moderate Buy by Wall Street Analysts
• Neutral Sentiment: Multiple insider sales were reported. General Counsel Christopher Schmitt, EVP Chandrasekar Gnanasambandam and insider Abby Payne collectively sold shares in transactions dated October 6–7. The filings state that all sales were conducted under pre-arranged Rule 10b5-1 plans to cover tax withholding tied to vested equity awards, reducing their significance as a bearish signal. The executives continue to hold substantial positions.

Hedge Funds Weigh In On SailPoint

Several hedge funds have recently made changes to their positions in the business. Wasatch Advisors LP acquired a new stake in shares of SailPoint in the second quarter valued at approximately $66,173,000. BlackRock Inc. acquired a new position in SailPoint during the second quarter worth $65,050,000. Stephens Investment Management Group LLC grew its position in SailPoint by 51.0% in the first quarter. Stephens Investment Management Group LLC now owns 2,895,700 shares of the company’s stock valued at $38,339,000 after purchasing an additional 978,376 shares in the last quarter. Bank of America Corp DE grew its position in SailPoint by 40.1% in the first quarter. Bank of America Corp DE now owns 1,764,870 shares of the company’s stock valued at $23,367,000 after purchasing an additional 504,726 shares in the last quarter. Finally, Freestone Grove Partners LP bought a new position in SailPoint in the second quarter valued at $21,266,000.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SAIL. Weiss Ratings upgraded SailPoint from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, August 13th. Morgan Stanley upped their price target on shares of SailPoint from $18.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, August 20th. Scotiabank restated an “outperform” rating on shares of SailPoint in a report on Monday. Wells Fargo & Company boosted their price objective on shares of SailPoint from $19.00 to $22.00 and gave the company an “overweight” rating in a research report on Monday, August 17th. Finally, Wolfe Research reiterated an “outperform” rating and set a $18.00 target price on shares of SailPoint in a report on Wednesday, June 10th. Twenty equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, SailPoint has an average rating of “Moderate Buy” and a consensus price target of $22.11.

SailPoint Company Profile

SailPoint, Inc (NASDAQ:SAIL) is an identity security company that helps organizations manage and protect digital identities and access to applications, data, and other technology resources. Its software is designed to help enterprises determine who should have access to specific resources, enforce access policies, and identify and address inappropriate or excessive access.

The company’s offerings include its cloud-based identity security platform, which supports identity governance, access management, lifecycle automation, compliance, and analytics.