SailPoint (NASDAQ:SAIL) President Sells 34,312 Shares of Stock

SailPoint, Inc. (NASDAQ:SAIL) President Matt Mills sold 34,312 shares of the business’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $15.42, for a total value of $529,091.04. Following the transaction, the president owned 2,373,537 shares in the company, valued at approximately $36,599,940.54. This represents a 1.43% decrease in their position. The sale was disclosed in a document filed 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.

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

• On Tuesday, July 7th, Matt Mills sold 43,485 shares of SailPoint stock. The stock was sold at an average price of $16.29, for a total value of $708,370.65.

SailPoint Stock Down 1.7%

Shares of SAIL traded down $0.26 during mid-day trading on Thursday, hitting $14.85. 5,858,299 shares of the company’s stock traded hands, compared to its average volume of 3,668,685. SailPoint, Inc. has a 1 year low of $10.30 and a 1 year high of $24.00. The firm has a market capitalization of $8.42 billion, a P/E ratio of -55.00, a PEG ratio of 1.80 and a beta of 2.20. The business’s 50-day moving average price is $14.54 and its 200-day moving average price is $15.15.

SailPoint (NASDAQ:SAIL) last announced its earnings results on Tuesday, June 9th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter. During the same quarter in the prior year, the company earned $0.01 EPS. SailPoint’s 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. Sell-side analysts anticipate that SailPoint, Inc. will post 0.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SailPoint

Several institutional investors and hedge funds have recently added to or reduced their stakes in SAIL. Norges Bank bought a new stake in shares of SailPoint during the 4th quarter valued at $234,681,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of SailPoint in the 2nd quarter worth about $64,453,000. UBS Group AG increased its stake in shares of SailPoint by 116.3% in the 3rd quarter. UBS Group AG now owns 4,128,038 shares of the company’s stock worth $91,147,000 after acquiring an additional 2,219,593 shares in the last quarter. Artisan Partners Limited Partnership bought a new position in shares of SailPoint in the 4th quarter worth about $35,203,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in SailPoint during the 4th quarter valued at about $20,778,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Robert W. Baird dropped their target price on shares of SailPoint from $26.00 to $22.00 and set an “outperform” rating for the company in a research report on Thursday, March 19th. BTIG Research reiterated a “buy” rating and set a $18.00 price target on shares of SailPoint in a research report on Tuesday, June 9th. Royal Bank Of Canada reissued an “outperform” rating and issued a $19.00 price target on shares of SailPoint in a research note on Wednesday, June 17th. Rosenblatt Securities began coverage on shares of SailPoint in a report on Wednesday. They issued a “neutral” rating and a $16.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SailPoint in a research report on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.