Insider Selling: SailPoint (NASDAQ:SAIL) General Counsel Sells 18,813 Shares of Stock

09 Apr 2026, 21:08 by Doug Wharley · The Cerbat Gem

SailPoint, Inc. (NASDAQ:SAIL – Get Free Report) General Counsel Christopher Schmitt sold 18,813 shares of the stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $11.46, for a total value of $215,596.98. Following the transaction, the general counsel directly owned 1,355,551 shares of the company’s stock, valued at approximately $15,534,614.46. The trade was a 1.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 Wednesday, April 8th, Christopher Schmitt sold 13,624 shares of SailPoint stock. The shares were sold at an average price of $12.80, for a total value of $174,387.20.
On Tuesday, April 7th, Christopher Schmitt sold 13,637 shares of SailPoint stock. The shares were sold at an average price of $12.72, for a total value of $173,462.64.

SailPoint Stock Down 10.9%

SailPoint stock traded down $1.35 during midday trading on Thursday, reaching $11.06. 7,451,709 shares of the stock traded hands, compared to its average volume of 3,433,979. The stock’s fifty day moving average is $14.10 and its 200-day moving average is $18.23. SailPoint, Inc. has a 12 month low of $10.99 and a 12 month high of $24.95. The stock has a market cap of $6.24 billion, a P/E ratio of -19.75 and a beta of 2.38.

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

Institutional Investors Weigh In On SailPoint

A number of institutional investors and hedge funds have recently modified their holdings of SAIL. Royal Bank of Canada bought a new stake in shares of SailPoint during the 1st quarter worth approximately $1,146,000. Goldman Sachs Group Inc. bought a new stake in shares of SailPoint during the 1st quarter worth approximately $7,546,000. JPMorgan Chase & Co. bought a new stake in shares of SailPoint during the 2nd quarter worth approximately $692,000. Rhumbline Advisers bought a new stake in shares of SailPoint during the 2nd quarter worth approximately $1,047,000. Finally, New York State Common Retirement Fund bought a new stake in shares of SailPoint during the 2nd quarter worth approximately $572,000.

Trending Headlines about 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.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. TD Cowen dropped their target price on SailPoint from $30.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. BMO Capital Markets reiterated an “outperform” rating on shares of SailPoint in a report on Thursday, December 11th. The Goldman Sachs Group dropped their target price on SailPoint from $21.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, March 19th. Scotiabank dropped their target price on SailPoint from $24.00 to $16.00 and set a “sector outperform” rating for the company in a report on Thursday, March 19th. Finally, Mizuho dropped their target price on SailPoint from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Tuesday, February 17th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $21.35.

Check Out Our Latest Report on SAIL

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.