Insider Selling: SailPoint (NASDAQ:SAIL) Insider Sells $705,804.02 in Stock

SailPoint, Inc. (NASDAQ:SAIL) insider Abby Payne sold 31,481 shares of the company’s stock in a transaction dated Thursday, October 9th. The stock was sold at an average price of $22.42, for a total value of $705,804.02. Following the completion of the transaction, the insider owned 702,683 shares of the company’s stock, valued at $15,754,152.86. The trade was a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Wednesday, October 8th, Abby Payne sold 26,560 shares of SailPoint stock. The stock was sold at an average price of $22.45, for a total value of $596,272.00.
• On Tuesday, October 7th, Abby Payne sold 26,031 shares of SailPoint stock. The stock was sold at an average price of $22.55, for a total value of $586,999.05.

SailPoint Trading Down 6.7%

SAIL opened at $21.73 on Friday. The stock has a 50-day moving average price of $21.16 and a 200-day moving average price of $20.09. SailPoint, Inc. has a 12-month low of $15.05 and a 12-month high of $26.35.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SAIL shares. JPMorgan Chase & Co. raised SailPoint from a “neutral” rating to an “overweight” rating and set a $26.00 target price for the company in a research note on Wednesday, August 13th. BMO Capital Markets lowered their target price on SailPoint from $27.00 to $25.00 and set an “outperform” rating for the company in a research note on Tuesday, September 9th. Scotiabank started coverage on SailPoint in a research note on Wednesday, September 3rd. They issued a “sector outperform” rating and a $25.00 target price for the company. Mizuho boosted their target price on SailPoint from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Tuesday, September 30th. Finally, Arete assumed coverage on SailPoint in a research note on Monday, July 7th. They issued a “sell” rating and a $16.00 target price for the company. One 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, SailPoint currently has a consensus rating of “Moderate Buy” and an average price target of $25.58.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Voya Investment Management LLC purchased a new position in shares of SailPoint during the 1st quarter worth approximately $53,616,000. Renaissance Capital LLC grew its stake 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 buying an additional 15,114 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of SailPoint in the 1st quarter worth approximately $7,546,000. Siren L.L.C. purchased a new stake in shares of SailPoint in the 1st quarter worth approximately $1,781,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of SailPoint in the 1st quarter worth approximately $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.