SailPoint (NASDAQ:SAIL) General Counsel Christopher Schmitt Sells 13,624 Shares

10 Apr 2026, 01:08 by Kim Johansen · The Markets Daily

SailPoint, Inc. (NASDAQ:SAIL – Get Free Report) General Counsel Christopher Schmitt sold 13,624 shares of the stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $12.80, for a total transaction of $174,387.20. Following the sale, the general counsel directly owned 1,374,364 shares of the company’s stock, valued at $17,591,859.20. This represents a 0.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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.

Christopher Schmitt also recently made the following trade(s):

On Thursday, April 9th, Christopher Schmitt sold 18,813 shares of SailPoint stock. The stock was sold at an average price of $11.46, for a total transaction of $215,596.98.
On Tuesday, April 7th, Christopher Schmitt sold 13,637 shares of SailPoint stock. The stock was sold at an average price of $12.72, for a total transaction of $173,462.64.

SailPoint Trading Down 10.9%

Shares of SAIL stock traded down $1.35 during trading hours on Thursday, hitting $11.06. 7,451,709 shares of the company were exchanged, compared to its average volume of 3,433,979. The business has a 50 day moving average of $14.10 and a two-hundred day moving average of $18.23. SailPoint, Inc. has a 52 week low of $10.99 and a 52 week high of $24.95. The company has a market capitalization of $6.24 billion, a PE ratio of -19.75 and a beta of 2.38.

SailPoint (NASDAQ:SAIL – Get Free Report) last issued its quarterly earnings data on Wednesday, March 18th. The company reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08. The company had revenue of $294.65 million during the quarter. SailPoint had a negative net margin of 25.20% and a positive return on equity of 1.95%. The firm’s revenue was up 22.9% on a year-over-year basis. During the same period in the prior year, the company earned ($4.29) EPS.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SAIL. Barclays decreased their target price on shares of SailPoint from $23.00 to $20.00 and set an “overweight” rating for the company in a research report on Monday, March 16th. Truist Financial decreased their target price on shares of SailPoint from $23.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, March 19th. BMO Capital Markets reaffirmed an “outperform” rating on shares of SailPoint in a research report on Thursday, December 11th. JPMorgan Chase & Co. decreased their target price on shares of SailPoint from $26.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, March 19th. Finally, BTIG Research decreased their target price on shares of SailPoint from $22.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, March 19th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, SailPoint presently has an average rating of “Moderate Buy” and an average target price of $21.35.

Read Our Latest Analysis on SailPoint

Key Stories Impacting SailPoint

Here are the key news stories impacting SailPoint this week:

Positive Sentiment: New product leadership — SailPoint named Levent Besik as Chief Product Officer, strengthening the product organization and execution capability, a constructive sign for long‑term product roadmap and innovation. SailPoint appoints Levent Besik as Chief Product Officer
Neutral Sentiment: Insider selling under 10b5‑1 plans — Multiple senior executives (CEO, CFO, President, General Counsel, EVP and other insiders) sold shares April 7–9 to cover tax withholding on vested awards. The filings total roughly $6.3M of shares sold and were executed under pre‑arranged plans, which reduces the signal of opportunistic selling but can still weigh on near‑term sentiment. SEC filings (example)
Negative Sentiment: Weaker near‑term guidance — SailPoint cut its Q1 FY2027 revenue guidance to $273.0M–$277.0M (consensus ~ $285.3M) and gave EPS 0.040–0.050 (versus consensus ~0.050). FY2027 EPS was guided to $0.300–0.340 (roughly in line at the midpoint) with revenue around $1.3B. The Q1 revenue shortfall is the most immediate earnings‑risk and explains downward pressure on the stock.

Institutional Trading of SailPoint

A number of large investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in SailPoint in the fourth quarter valued at $234,681,000. Vanguard Group Inc. lifted its stake in SailPoint by 4.3% in the third quarter. Vanguard Group Inc. now owns 5,317,789 shares of the company’s stock valued at $117,417,000 after acquiring an additional 219,375 shares during the last quarter. Voya Investment Management LLC lifted its stake in SailPoint by 10.1% in the third quarter. Voya Investment Management LLC now owns 4,309,070 shares of the company’s stock valued at $95,144,000 after acquiring an additional 395,287 shares during the last quarter. UBS Group AG lifted its stake in SailPoint by 116.3% in the third quarter. UBS Group AG now owns 4,128,038 shares of the company’s stock valued at $91,147,000 after acquiring an additional 2,219,593 shares during the last quarter. Finally, GW&K Investment Management LLC lifted its stake in SailPoint by 34.3% in the third quarter. GW&K Investment Management LLC now owns 3,395,602 shares of the company’s stock valued at $74,975,000 after acquiring an additional 866,889 shares during the last quarter.

SailPoint Company Profile

(Get Free Report)

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.