Matt Mills Sells 51,700 Shares of SailPoint (NASDAQ:SAIL) Stock

SailPoint, Inc. (NASDAQ:SAIL) President Matt Mills sold 51,700 shares of the company’s stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $22.45, for a total transaction of $1,160,665.00. Following the completion of the transaction, the president owned 1,965,537 shares in the company, valued at approximately $44,126,305.65. This trade represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Thursday, October 9th, Matt Mills sold 61,279 shares of SailPoint stock. The stock was sold at an average price of $22.42, for a total transaction of $1,373,875.18.
• On Tuesday, October 7th, Matt Mills sold 50,671 shares of SailPoint stock. The shares were sold at an average price of $22.55, for a total value of $1,142,631.05.

SailPoint Trading Down 6.7%

Shares of SailPoint stock opened at $21.73 on Friday. The business’s 50-day moving average price is $21.16 and its 200-day moving average price is $20.09. 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 data on Tuesday, September 9th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.04 by $0.03. The firm had revenue of $264.36 million for the quarter, compared to the consensus estimate of $243.41 million. The company’s 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. Weiss Ratings reiterated a “sell (d+)” rating on shares of SailPoint in a research report on Wednesday. BTIG Research reiterated a “buy” rating and issued a $29.00 price objective on shares of SailPoint in a research report on Tuesday, September 30th. Arete Research upgraded SailPoint to a “strong sell” rating and set a $16.00 price objective on the stock in a research report on Monday, July 7th. Cantor Fitzgerald began coverage on SailPoint in a research note on Monday, June 30th. They issued an “overweight” rating and a $29.00 target price for the company. Finally, Stephens upgraded SailPoint to a “strong-buy” rating in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, SailPoint currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.58.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. increased its holdings in shares of SailPoint by 3.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 46,895 shares of the company’s stock worth $1,072,000 after purchasing an additional 1,510 shares in the last quarter. Assetmark Inc. bought a new stake in shares of SailPoint in the 1st quarter worth $32,000. Loomis Sayles & Co. L P bought a new stake in shares of SailPoint in the 2nd quarter worth $42,000. State of Wyoming bought a new stake in shares of SailPoint in the 2nd quarter worth $45,000. Finally, Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of SailPoint in the 1st quarter worth $49,000.

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.