SailPoint (NASDAQ:SAIL) President Matt Mills Sells 61,279 Shares

SailPoint, Inc. (NASDAQ:SAIL) President Matt Mills sold 61,279 shares of the stock in a transaction that occurred on Thursday, October 9th. The shares were sold at an average price of $22.42, for a total value of $1,373,875.18. Following the completion of the sale, the president directly owned 1,904,258 shares of the company’s stock, valued at $42,693,464.36. This represents a 3.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Matt Mills also recently made the following trade(s):

• On Wednesday, October 8th, Matt Mills sold 51,700 shares of SailPoint stock. The shares were sold at an average price of $22.45, for a total value of $1,160,665.00.
• On Tuesday, October 7th, Matt Mills sold 50,671 shares of SailPoint stock. The shares were sold at an average price of $22.55, for a total value of $1,142,631.05.

SailPoint Price Performance

SAIL opened at $23.30 on Friday. SailPoint, Inc. has a 1-year low of $15.05 and a 1-year high of $26.35. The business has a 50 day moving average of $21.14 and a 200-day moving average of $20.08.

SailPoint (NASDAQ:SAIL) last issued its earnings results on Tuesday, September 9th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.04 by $0.03. The firm had revenue of $264.36 million during the quarter, compared to the consensus estimate of $243.41 million. The firm’s quarterly revenue was up 32.9% compared to the same quarter last year. SailPoint has set its FY 2026 guidance at 0.200-0.220 EPS. Q3 2026 guidance at 0.050-0.06 EPS.

Institutional Trading of SailPoint

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. acquired a new stake in shares of SailPoint in the first quarter valued at $94,194,000. Norges Bank acquired a new stake in shares of SailPoint in the second quarter valued at $112,297,000. Voya Investment Management LLC increased its stake in shares of 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 buying an additional 395,287 shares in the last quarter. Alliancebernstein L.P. acquired a new stake in shares of SailPoint in the first quarter valued at $55,644,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of SailPoint in the second quarter valued at $64,453,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $29.00 price objective (up from $27.00) on shares of SailPoint in a report on Thursday, June 12th. Arete Research raised shares of SailPoint to a “strong sell” rating and set a $16.00 price objective for the company in a report on Monday, July 7th. Barclays raised their price objective on shares of SailPoint from $23.00 to $25.00 and gave the stock an “overweight” rating in a report on Thursday, June 12th. Morgan Stanley raised shares of SailPoint from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a report on Tuesday, September 2nd. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of SailPoint in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $25.58.

SailPoint Company Profile

SailPoint, Inc delivers solutions to enable comprehensive identity security for the enterprise. Its solutions enable organizations to establish, control, and automate policies that help them define and maintain a robust security posture and achieve regulatory compliance. The company was founded by Mark David McClain in 2005 and is headquartered in Austin, TX.