SailPoint (NASDAQ:SAIL) CEO Mark Mcclain Sells 118,194 Shares of Stock

SailPoint, Inc. (NASDAQ:SAIL) CEO Mark Mcclain sold 118,194 shares of the stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $16.29, for a total transaction of $1,925,380.26. Following the sale, the chief executive officer directly owned 8,187,130 shares of the company’s stock, valued at $133,368,347.70. The trade was a 1.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.

SailPoint Stock Performance

SAIL traded down $0.26 during trading on Thursday, hitting $14.85. The stock had a trading volume of 5,858,299 shares, compared to its average volume of 3,668,685. The stock has a 50 day simple moving average of $14.54 and a two-hundred day simple moving average of $15.15. SailPoint, Inc. has a twelve month low of $10.30 and a twelve month high of $24.00. The company has a market capitalization of $8.42 billion, a PE ratio of -55.00, a PEG ratio of 1.80 and a beta of 2.20.

SailPoint (NASDAQ:SAIL) last issued its quarterly earnings data on Tuesday, June 9th. The company reported $0.05 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 positive return on equity of 2.31% and a negative net margin of 14.04%.The business’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter in the prior year, the company 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. On average, equities research analysts anticipate that SailPoint, Inc. will post 0.32 EPS for the current year.

Institutional Investors Weigh In On SailPoint

Large investors have recently bought and sold shares of the company. Norges Bank acquired a new stake in SailPoint during the 4th quarter valued at approximately $234,681,000. OFI Invest Asset Management increased its stake in shares of SailPoint by 79.6% in 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 period. Allspring Global Investments Holdings LLC raised its holdings in shares of SailPoint by 22.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,412,578 shares of the company’s stock worth $26,768,000 after purchasing an additional 255,720 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of SailPoint by 215.7% during the third quarter. JPMorgan Chase & Co. now owns 95,616 shares of the company’s stock worth $2,111,000 after purchasing an additional 65,329 shares during the last quarter. Finally, Maridea Wealth Management LLC acquired a new position in SailPoint during the fourth quarter valued at $1,816,000.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SAIL. Royal Bank Of Canada restated an “outperform” rating and set a $19.00 price target on shares of SailPoint in a research note on Wednesday, June 17th. Weiss Ratings reiterated a “sell (e+)” rating on shares of SailPoint in a research note on Wednesday, June 17th. Bank of America reissued a “neutral” rating and set a $16.00 target price on shares of SailPoint in a research report on Friday, June 12th. Wells Fargo & Company upped their price target on shares of SailPoint from $17.00 to $19.00 and gave the company an “overweight” rating in a research note on Wednesday, June 10th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $19.00 price target on shares of SailPoint in a report on Wednesday, June 10th. One equities research 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.