Insider Selling: SailPoint (NASDAQ:SAIL) CEO Sells $3,271,057.90 in Stock

SailPoint, Inc. (NASDAQ:SAIL) CEO Mark Mcclain sold 145,058 shares of the stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $22.55, for a total transaction of $3,271,057.90. Following the completion of the sale, the chief executive officer owned 7,523,736 shares of the company’s stock, valued at approximately $169,660,246.80. The trade was a 1.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

SailPoint Trading Down 6.7%

NASDAQ SAIL opened at $21.73 on Friday. The firm has a 50-day simple moving average of $21.16 and a 200 day simple moving average of $20.09. SailPoint, Inc. has a twelve month low of $15.05 and a twelve month high of $26.35.

SailPoint (NASDAQ:SAIL) last released its earnings results on Tuesday, September 9th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.03. The company had revenue of $264.36 million during the quarter, compared to the consensus estimate of $243.41 million. The company’s 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 Ratings Changes

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

Institutional Trading of SailPoint

Several hedge funds have recently modified their holdings of SAIL. Vanguard Group Inc. acquired a new stake in shares of SailPoint during the first quarter worth approximately $94,194,000. Norges Bank acquired a new stake in shares of SailPoint during the second quarter worth approximately $112,297,000. Alliancebernstein L.P. acquired a new stake in shares of SailPoint during the first quarter worth approximately $55,644,000. Voya Investment Management LLC acquired a new stake in shares of SailPoint during the first quarter worth approximately $53,616,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of SailPoint during the second quarter worth approximately $64,453,000.

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.