Christopher Schmitt Sells 18,890 Shares of SailPoint (NASDAQ:SAIL) Stock

SailPoint, Inc. (NASDAQ:SAIL) General Counsel Christopher Schmitt sold 18,890 shares of the business’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $15.42, for a total value of $291,283.80. Following the sale, the general counsel owned 1,312,721 shares in the company, valued at approximately $20,242,157.82. This trade represents a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 Tuesday, July 7th, Christopher Schmitt sold 23,940 shares of SailPoint stock. The shares were sold at an average price of $16.29, for a total transaction of $389,982.60.

SailPoint Trading Down 1.7%

SAIL traded down $0.26 during trading on Thursday, reaching $14.85. 5,858,314 shares of the company’s stock were exchanged, compared to its average volume of 3,668,685. SailPoint, Inc. has a one year low of $10.30 and a one year high of $24.00. The stock has a market capitalization of $8.42 billion, a PE ratio of -55.00, a price-to-earnings-growth ratio of 1.80 and a beta of 2.20. The firm has a fifty day moving average price of $14.54 and a two-hundred day moving average price of $15.15.

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

Institutional Trading of SailPoint

Several hedge funds have recently modified their holdings of SAIL. Royal Bank of Canada bought a new position in SailPoint during the first quarter worth $1,146,000. Goldman Sachs Group Inc. acquired a new position in shares of SailPoint during the first quarter valued at about $7,546,000. JPMorgan Chase & Co. bought a new position in shares of SailPoint during the 2nd quarter worth about $692,000. Rhumbline Advisers acquired a new stake in shares of SailPoint in the 2nd quarter valued at about $1,047,000. Finally, New York State Common Retirement Fund bought a new stake in SailPoint in the 2nd quarter valued at about $572,000.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SAIL shares. Truist Financial set a $18.00 price target on SailPoint in a research note on Wednesday, June 17th. Barclays decreased their target price on shares of SailPoint from $22.00 to $19.00 and set an “overweight” rating for the company in a research report on Wednesday, June 10th. Bank of America restated a “neutral” rating and issued a $16.00 price target on shares of SailPoint in a research report on Friday, June 12th. Stephens reiterated an “overweight” rating and set a $20.00 price objective on shares of SailPoint in a research report on Wednesday, June 17th. Finally, Rosenblatt Securities initiated coverage on shares of SailPoint in a research note on Wednesday. They set a “neutral” rating and a $16.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, SailPoint has an average rating of “Moderate Buy” and a consensus price target of $20.08.

About SailPoint

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.