Insider Selling: SailPoint (NASDAQ:SAIL) General Counsel Sells 10,130 Shares of Stock

by · The Cerbat Gem

SailPoint, Inc. (NASDAQ:SAIL – Get Free Report) General Counsel Christopher Schmitt sold 10,130 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $19.90, for a total value of $201,587.00. Following the sale, the general counsel owned 1,047,826 shares of the company’s stock, valued at approximately $20,851,737.40. This trade represents a 0.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Thursday, January 8th, Christopher Schmitt sold 4,507 shares of SailPoint stock. The shares were sold at an average price of $19.57, for a total value of $88,201.99.
  • On Tuesday, January 6th, Christopher Schmitt sold 11,908 shares of SailPoint stock. The stock was sold at an average price of $19.23, for a total transaction of $228,990.84.

SailPoint Trading Down 2.9%

NASDAQ SAIL traded down $0.59 during trading hours on Thursday, reaching $19.54. 2,272,045 shares of the company traded hands, compared to its average volume of 1,654,826. The stock has a market capitalization of $10.97 billion and a PE ratio of -4.08. SailPoint, Inc. has a 12 month low of $15.05 and a 12 month high of $26.35. The company has a 50 day moving average of $19.95 and a two-hundred day moving average of $20.93.

SailPoint (NASDAQ:SAIL – Get Free Report) last issued its quarterly earnings results on Tuesday, December 9th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.06 by $0.02. SailPoint had a negative net margin of 30.87% and a positive return on equity of 0.16%. The business had revenue of $281.94 million for the quarter, compared to analysts’ expectations of $270.35 million. The business’s revenue 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.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SAIL. BMO Capital Markets restated an “outperform” rating on shares of SailPoint in a research report on Thursday, December 11th. Scotiabank cut their target price on shares of SailPoint from $25.00 to $24.00 and set a “sector outperform” rating on the stock in a report on Wednesday, December 10th. Berenberg Bank assumed coverage on SailPoint in a research report on Tuesday, November 18th. They set a “buy” rating and a $31.70 price target on the stock. BTIG Research restated a “buy” rating and set a $29.00 price objective on shares of SailPoint in a research note on Thursday. Finally, Wells Fargo & Company upped their target price on shares of SailPoint from $20.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 30th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.01.

Get Our Latest Stock Analysis on SAIL

Institutional Investors Weigh In On SailPoint

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Maridea Wealth Management LLC bought a new position in SailPoint during the 4th quarter valued at $1,816,000. JPMorgan Chase & Co. raised its stake in shares of SailPoint by 215.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 95,616 shares of the company’s stock worth $2,111,000 after buying an additional 65,329 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of SailPoint in the third quarter valued at $133,000. Sender Co & Partners Inc. bought a new position in SailPoint during the third quarter valued at about $860,000. Finally, XTX Topco Ltd bought a new position in SailPoint during the third quarter valued at about $1,577,000.

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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