Christopher Schmitt Sells 28,841 Shares of SailPoint (NASDAQ:SAIL) Stock

SailPoint, Inc. (NASDAQ:SAIL) General Counsel Christopher Schmitt sold 28,841 shares of the stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $22.45, for a total value of $647,480.45. Following the completion of the sale, the general counsel owned 1,104,050 shares in the company, valued at approximately $24,785,922.50. The trade was a 2.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Thursday, October 9th, Christopher Schmitt sold 34,186 shares of SailPoint stock. The stock was sold at an average price of $22.42, for a total value of $766,450.12.
• On Tuesday, October 7th, Christopher Schmitt sold 28,267 shares of SailPoint stock. The stock was sold at an average price of $22.55, for a total value of $637,420.85.

SailPoint Price Performance

Shares of NASDAQ:SAIL opened at $21.73 on Friday. SailPoint, Inc. has a 52-week low of $15.05 and a 52-week high of $26.35. The business’s 50 day moving average is $21.16 and its 200 day moving average is $20.09.

SailPoint (NASDAQ:SAIL) last announced its quarterly earnings data on Tuesday, September 9th. The company reported $0.07 earnings per share (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. SailPoint’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.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SAIL. Arete Research raised SailPoint to a “strong sell” rating and set a $16.00 price objective on the stock in a research note on Monday, July 7th. Mizuho increased their price objective on SailPoint from $24.00 to $25.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 30th. Scotiabank started coverage on SailPoint in a research note on Wednesday, September 3rd. They issued a “sector outperform” rating and a $25.00 price objective on the stock. Wells Fargo & Company increased their target price on SailPoint from $20.00 to $23.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 30th. Finally, Cantor Fitzgerald started coverage on SailPoint in a research report on Monday, June 30th. They set an “overweight” rating and a $29.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.58.

Institutional Trading of SailPoint

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Voya Investment Management LLC bought a new stake in SailPoint during the 1st quarter valued at $53,616,000. Renaissance Capital LLC boosted its position in shares of SailPoint by 30.0% in the 2nd quarter. Renaissance Capital LLC now owns 65,569 shares of the company’s stock worth $1,499,000 after purchasing an additional 15,114 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of SailPoint in the 1st quarter worth $7,546,000. Siren L.L.C. acquired a new stake in shares of SailPoint in the 1st quarter worth $1,781,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of SailPoint in the 1st quarter worth $3,441,000.

About SailPoint

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.