Insider Selling: SailPoint (NASDAQ:SAIL) CAO Sells 1,214 Shares of Stock

SailPoint, Inc. (NASDAQ:SAIL) CAO Mitra Rezvan sold 1,214 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $20.00, for a total value of $24,280.00. Following the completion of the transaction, the chief accounting officer owned 181,427 shares in the company, valued at approximately $3,628,540. This trade represents a 0.66% decrease in their position. The transaction was disclosed in a 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.

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

• On Wednesday, July 8th, Mitra Rezvan sold 3,881 shares of SailPoint stock. The stock was sold at an average price of $15.42, for a total value of $59,845.02.
• On Tuesday, July 7th, Mitra Rezvan sold 2,954 shares of SailPoint stock. The shares were sold at an average price of $16.29, for a total value 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 Trading Down 2.3%

SAIL traded down $0.46 on Friday, hitting $19.53. 2,902,263 shares of the company’s stock were exchanged, compared to its average volume of 3,638,295. SailPoint, Inc. has a fifty-two week low of $10.30 and a fifty-two week high of $24.00. The firm has a 50-day moving average price of $15.46 and a 200-day moving average price of $14.55. The stock has a market cap of $11.08 billion, a price-to-earnings ratio of -72.33, a P/E/G ratio of 2.08 and a beta of 2.08.

SailPoint (NASDAQ:SAIL) last released its earnings results on Tuesday, June 9th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The business 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%. SailPoint’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.01 EPS. SailPoint has set its Q2 2027 guidance at 0.070-0.080 EPS and its FY 2027 guidance at 0.300-0.340 EPS. On average, equities analysts predict that SailPoint, Inc. will post 0.32 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Royal Bank Of Canada increased their price objective on shares of SailPoint from $19.00 to $22.00 and gave the company an “outperform” rating in a report on Friday. Cantor Fitzgerald restated an “overweight” rating and set a $23.00 target price on shares of SailPoint in a report on Wednesday, June 17th. BMO Capital Markets restated an “outperform” rating on shares of SailPoint in a research report on Wednesday, June 10th. BTIG Research reaffirmed a “buy” rating and issued a $18.00 price target on shares of SailPoint in a report on Tuesday, June 9th. Finally, Stephens reaffirmed an “overweight” rating and issued a $20.00 price target on shares of SailPoint in a report on Wednesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, SailPoint has an average rating of “Moderate Buy” and an average target price of $20.08.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank acquired a new stake in SailPoint during the fourth quarter worth about $234,681,000. Wasatch Advisors LP acquired a new position in SailPoint in the 2nd quarter valued at about $66,173,000. BlackRock Inc. acquired a new position in SailPoint in the 2nd quarter valued at about $65,050,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of SailPoint in the 2nd quarter valued at approximately $64,453,000. Finally, UBS Group AG grew 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 valued at $91,147,000 after buying an additional 2,219,593 shares during the period.

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.