SailPoint (NASDAQ:SAIL) President Matt Mills Sells 13,771 Shares

SailPoint, Inc. (NASDAQ:SAIL) President Matt Mills sold 13,771 shares of the company’s stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $19.57, for a total transaction of $269,498.47. Following the sale, the president owned 1,850,983 shares in the company, valued at $36,223,737.31. The trade was a 0.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, January 7th, Matt Mills sold 18,159 shares of SailPoint stock. The shares were sold at an average price of $19.90, for a total transaction of $361,364.10.
• On Tuesday, January 6th, Matt Mills sold 21,345 shares of SailPoint stock. The stock was sold at an average price of $19.23, for a total value of $410,464.35.

SailPoint Price Performance

Shares of SailPoint stock traded down $0.59 during trading hours on Thursday, reaching $19.54. The company had a trading volume of 2,272,045 shares, compared to its average volume of 1,654,826. The firm has a market cap of $10.97 billion and a PE ratio of -4.08. SailPoint, Inc. has a one year low of $15.05 and a one year high of $26.35. The business has a fifty day simple moving average of $19.95 and a 200 day simple moving average of $20.93.

SailPoint (NASDAQ:SAIL) last issued its quarterly earnings data on Tuesday, December 9th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. SailPoint had a positive return on equity of 0.16% and a negative net margin of 30.87%.The business had revenue of $281.94 million for the quarter, compared to analysts’ expectations of $270.35 million. The company’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.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SAIL shares. Mizuho reduced their price objective on shares of SailPoint from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, December 9th. Baird R W upgraded shares of SailPoint to a “strong-buy” rating in a research report on Monday, October 27th. Wolfe Research assumed coverage on SailPoint in a research report on Monday, October 20th. They issued an “outperform” rating and a $27.00 price objective on the stock. Robert W. Baird began coverage on SailPoint in a research note on Monday, October 27th. They set an “outperform” rating and a $26.00 price objective for the company. Finally, BMO Capital Markets restated an “outperform” rating on shares of SailPoint in a research note on Thursday, December 11th. Three investment 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, SailPoint presently has an average rating of “Moderate Buy” and an average target price of $26.01.

Institutional Trading of SailPoint

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