Insider Selling: SailPoint (NASDAQ:SAIL) CAO Sells 3,881 Shares of Stock

SailPoint, Inc. (NASDAQ:SAIL) CAO Mitra Rezvan sold 3,881 shares of the stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $15.42, for a total transaction of $59,845.02. Following the sale, the chief accounting officer directly owned 182,641 shares of the company’s stock, valued at approximately $2,816,324.22. This represents a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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.

Mitra Rezvan also recently made the following trade(s):

• On Tuesday, July 7th, Mitra Rezvan sold 2,954 shares of SailPoint stock. The stock was sold at an average price of $16.29, for a total transaction of $48,120.66.
• On Monday, June 1st, Mitra Rezvan sold 7,487 shares of SailPoint stock. The shares were sold at an average price of $20.00, for a total value of $149,740.00.

SailPoint Stock Down 1.7%

Shares of NASDAQ SAIL traded down $0.26 during mid-day trading on Thursday, hitting $14.85. 5,858,314 shares of the company traded hands, compared to its average volume of 3,668,685. The business has a 50 day moving average of $14.54 and a two-hundred day moving average of $15.15. The stock has a market capitalization of $8.42 billion, a price-to-earnings ratio of -55.00, a PEG 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.

SailPoint (NASDAQ:SAIL) last announced its earnings results on Tuesday, June 9th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. The company had revenue of $280.14 million during the quarter. SailPoint had a negative net margin of 14.04% and a positive return on equity of 2.31%. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.01 earnings per share. 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, research analysts anticipate that SailPoint, Inc. will post 0.32 EPS for the current year.

Institutional Trading of SailPoint

Institutional investors have recently bought and sold shares of the company. Royal Bank of Canada purchased a new position in SailPoint in the first quarter valued at about $1,146,000. Goldman Sachs Group Inc. purchased a new stake in shares of SailPoint during the 1st quarter worth about $7,546,000. JPMorgan Chase & Co. acquired a new stake in shares of SailPoint during the 2nd quarter valued at about $692,000. Rhumbline Advisers bought a new stake in shares of SailPoint in the 2nd quarter valued at approximately $1,047,000. Finally, New York State Common Retirement Fund bought a new stake in shares of SailPoint in the 2nd quarter valued at approximately $572,000.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SAIL. Jefferies Financial Group lowered SailPoint from a “buy” rating to a “buy” rating in a research report on Wednesday, June 17th. TD Cowen reiterated a “buy” rating on shares of SailPoint in a report on Wednesday, June 17th. Cantor Fitzgerald reissued an “overweight” rating and issued a $23.00 price target on shares of SailPoint in a research report on Wednesday, June 17th. Mizuho set a $16.00 price target on shares of SailPoint in a report on Wednesday, June 10th. Finally, Bank of America reaffirmed a “neutral” rating and set a $16.00 price objective on shares of SailPoint in a research report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently 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.