Matt Mills Sells 18,159 Shares of SailPoint (NASDAQ:SAIL) Stock

SailPoint, Inc. (NASDAQ:SAIL) President Matt Mills sold 18,159 shares of SailPoint stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $19.90, for a total value of $361,364.10. Following the completion of the transaction, the president directly owned 1,864,754 shares of the company’s stock, valued at approximately $37,108,604.60. This represents a 0.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Matt Mills also recently made the following trade(s):

• On Thursday, January 8th, Matt Mills sold 13,771 shares of SailPoint stock. The shares were sold at an average price of $19.57, for a total transaction of $269,498.47.
• On Tuesday, January 6th, Matt Mills sold 21,345 shares of SailPoint stock. The shares were sold at an average price of $19.23, for a total transaction of $410,464.35.

SailPoint Stock Down 2.9%

SailPoint stock traded down $0.59 during trading hours on Thursday, hitting $19.54. The stock had a trading volume of 2,272,045 shares, compared to its average volume of 1,654,826. The stock’s 50-day moving average price is $19.95 and its 200-day moving average price is $20.93. The stock has a market capitalization of $10.97 billion and a P/E ratio of -4.08. SailPoint, Inc. has a 12-month low of $15.05 and a 12-month high of $26.35.

SailPoint (NASDAQ:SAIL) last announced its quarterly earnings results on Tuesday, December 9th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.02. The company had revenue of $281.94 million during the quarter, compared to the consensus estimate of $270.35 million. SailPoint had a negative net margin of 30.87% and a positive return on equity of 0.16%. The business’s revenue for the quarter was up 19.8% compared to the same quarter last year. SailPoint has set its FY 2026 guidance at 0.220-0.230 EPS and its Q4 2026 guidance at 0.080-0.09 EPS.

Analyst Ratings Changes

SAIL has been the subject of a number of recent analyst reports. Berenberg Bank began coverage on SailPoint in a research report on Tuesday, November 18th. They issued a “buy” rating and a $31.70 target price for the company. Robert W. Baird initiated coverage on shares of SailPoint in a report on Monday, October 27th. They set an “outperform” rating and a $26.00 price objective for the company. Weiss Ratings restated a “sell (d-)” rating on shares of SailPoint in a research report on Monday, December 29th. Mizuho dropped their target price on SailPoint from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 9th. Finally, Wells Fargo & Company upped their price objective on SailPoint from $20.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 30th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $26.01.

Institutional Investors Weigh In On SailPoint

A number of hedge funds have recently made changes to their positions in SAIL. Comerica Bank bought a new position in SailPoint during the first quarter valued at approximately $175,000. Royal Bank of Canada bought a new stake in SailPoint in the 1st quarter worth approximately $1,146,000. Goldman Sachs Group Inc. purchased a new stake in shares of SailPoint during the 1st quarter worth approximately $7,546,000. Zimmer Partners LP bought a new position in shares of SailPoint during the 1st quarter valued at approximately $1,969,000. Finally, Woodline Partners LP bought a new position in shares of SailPoint during the 1st quarter valued at approximately $8,032,000.

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.