Abby Payne Sells 21,542 Shares of SailPoint (NASDAQ:SAIL) Stock

SailPoint, Inc. (NASDAQ:SAIL) insider Abby Payne sold 21,542 shares of the stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $16.29, for a total transaction of $350,919.18. Following the sale, the insider directly owned 908,964 shares of the company’s stock, valued at approximately $14,807,023.56. This trade represents a 2.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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.

Abby Payne also recently made the following trade(s):

• On Wednesday, July 8th, Abby Payne sold 16,999 shares of SailPoint stock. The shares were sold at an average price of $15.42, for a total transaction of $262,124.58.

SailPoint Price Performance

SAIL stock traded down $0.26 during midday trading on Thursday, reaching $14.85. 5,858,314 shares of the company’s stock traded hands, compared to its average volume of 3,668,685. SailPoint, Inc. has a fifty-two week low of $10.30 and a fifty-two week high of $24.00. The business has a 50-day moving average price of $14.54 and a two-hundred day moving average price of $15.15. The company has a market capitalization of $8.42 billion, a P/E ratio of -55.00, a PEG ratio of 1.80 and a beta of 2.20.

SailPoint (NASDAQ:SAIL) last released its quarterly earnings data on Tuesday, June 9th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. SailPoint had a negative net margin of 14.04% and a positive return on equity of 2.31%. The company had revenue of $280.14 million during the quarter. During the same period in the previous year, the company earned $0.01 EPS. SailPoint’s revenue was up 21.5% on a year-over-year basis. SailPoint has set its Q2 2027 guidance at 0.070-0.080 EPS and its FY 2027 guidance at 0.300-0.340 EPS. As a group, research analysts forecast that SailPoint, Inc. will post 0.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SailPoint

A number of institutional investors have recently added to or reduced their stakes in SAIL. Norges Bank acquired a new stake in shares of SailPoint during the fourth quarter valued at about $234,681,000. OFI Invest Asset Management increased its position in shares of SailPoint by 79.6% during the fourth quarter. OFI Invest Asset Management now owns 905,653 shares of the company’s stock worth $18,321,000 after acquiring an additional 401,431 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of SailPoint by 22.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,412,578 shares of the company’s stock worth $26,768,000 after acquiring an additional 255,720 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of SailPoint by 215.7% in the third quarter. JPMorgan Chase & Co. now owns 95,616 shares of the company’s stock worth $2,111,000 after acquiring an additional 65,329 shares in the last quarter. Finally, Maridea Wealth Management LLC purchased a new position in SailPoint in the fourth quarter valued at about $1,816,000.

Analyst Ratings Changes

A number of brokerages have commented on SAIL. Jefferies Financial Group cut SailPoint from a “buy” rating to a “buy” rating in a research note on Wednesday, June 17th. Scotiabank reiterated a “sector outperform” rating and issued a $19.00 target price (up from $16.00) on shares of SailPoint in a research note on Tuesday, June 9th. Roth Capital began coverage on SailPoint in a report on Wednesday, May 20th. They set a “buy” rating and a $19.00 target price on the stock. Truist Financial set a $18.00 price target on SailPoint in a research report on Wednesday, June 17th. Finally, Mizuho set a $16.00 price target on SailPoint in a report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.08.

SailPoint Company Profile

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.