Insider Selling: SailPoint (NASDAQ:SAIL) CEO Sells 61,106 Shares of Stock

by · The Cerbat Gem

SailPoint, Inc. (NASDAQ:SAIL – Get Free Report) CEO Mark Mcclain sold 61,106 shares of the firm’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $19.23, for a total value of $1,175,068.38. Following the completion of the transaction, the chief executive officer owned 7,139,202 shares in the company, valued at $137,286,854.46. The trade was a 0.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

SailPoint Trading Down 2.9%

NASDAQ SAIL traded down $0.59 on Thursday, hitting $19.54. 2,272,045 shares of the company’s stock were exchanged, compared to its average volume of 1,654,826. The stock has a 50-day moving average of $19.95 and a 200-day moving average of $20.93. The stock has a market cap of $10.97 billion and a price-to-earnings ratio of -4.08. SailPoint, Inc. has a 52 week low of $15.05 and a 52 week high of $26.35.

SailPoint (NASDAQ:SAIL – Get Free Report) last released its quarterly earnings data on Tuesday, December 9th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.02. The business had revenue of $281.94 million for the quarter, compared to analyst estimates of $270.35 million. SailPoint had a positive return on equity of 0.16% and a negative net margin of 30.87%.The firm’s revenue for the quarter was up 19.8% compared to the same quarter last year. SailPoint has set its FY 2026 guidance at 0.220-0.230 EPS and its Q4 2026 guidance at 0.080-0.09 EPS.

Hedge Funds Weigh In On SailPoint

Several institutional investors have recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd bought a new position in shares of SailPoint during the 3rd quarter worth $31,000. Loomis Sayles & Co. L P purchased a new position in SailPoint in the second quarter worth $42,000. State of Wyoming purchased a new position in shares of SailPoint during the 2nd quarter valued at about $45,000. Amalgamated Bank purchased a new position in shares of SailPoint during the second quarter worth approximately $71,000. Finally, BNP Paribas Financial Markets bought a new stake in SailPoint in the second quarter worth $79,000.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. BMO Capital Markets reissued an “outperform” rating on shares of SailPoint in a research note on Thursday, December 11th. Robert W. Baird initiated coverage on SailPoint in a research report on Monday, October 27th. They issued an “outperform” rating and a $26.00 price objective for the company. BTIG Research restated a “buy” rating and set a $29.00 target price on shares of SailPoint in a research report on Thursday. Berenberg Bank began coverage on SailPoint in a report on Tuesday, November 18th. They issued a “buy” rating and a $31.70 target price for the company. Finally, Barclays dropped their price target on SailPoint from $25.00 to $23.00 and set an “overweight” rating on the stock in a research note on Thursday, December 4th. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, SailPoint has an average rating of “Moderate Buy” and a consensus target price of $26.01.

Check Out Our Latest Research Report on SAIL

About SailPoint

(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.

Founded in 2005 by industry veterans Mark McClain and Kevin Cunningham, SailPoint is headquartered in Austin, Texas.

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