Matt Mills Sells 43,485 Shares of SailPoint (NASDAQ:SAIL) Stock

SailPoint, Inc. (NASDAQ:SAIL) President Matt Mills sold 43,485 shares of SailPoint stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $16.29, for a total transaction of $708,370.65. Following the completion of the transaction, the president directly owned 2,407,849 shares of the company’s stock, valued at approximately $39,223,860.21. This trade represents a 1.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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.

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

• On Wednesday, July 8th, Matt Mills sold 34,312 shares of SailPoint stock. The shares were sold at an average price of $15.42, for a total transaction of $529,091.04.

SailPoint Stock Down 1.7%

Shares of SAIL traded down $0.26 during midday trading on Thursday, reaching $14.85. 5,858,299 shares of the stock were exchanged, compared to its average volume of 3,668,685. The company has a market cap of $8.42 billion, a P/E ratio of -55.00, a PEG ratio of 1.80 and a beta of 2.20. The stock’s 50 day simple moving average is $14.54 and its 200 day simple moving average is $15.15. SailPoint, Inc. has a twelve month low of $10.30 and a twelve month high of $24.00.

SailPoint (NASDAQ:SAIL) last issued its earnings results on Tuesday, June 9th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. SailPoint had a positive return on equity of 2.31% and a negative net margin of 14.04%.The firm had revenue of $280.14 million for the quarter. During the same period in the prior year, the business posted $0.01 EPS. The company’s revenue for the quarter was up 21.5% compared to the same quarter last year. SailPoint has set its Q2 2027 guidance at 0.070-0.080 EPS and its FY 2027 guidance at 0.300-0.340 EPS. As a group, analysts predict that SailPoint, Inc. will post 0.32 earnings per share for the current year.

Institutional Trading of SailPoint

Several large investors have recently made changes to their positions in SAIL. Palladiem LLC acquired a new position in SailPoint in the fourth quarter valued at approximately $42,000. Kestra Advisory Services LLC purchased a new position in shares of SailPoint during the fourth quarter worth about $42,000. State of Wyoming purchased a new stake in SailPoint in the 2nd quarter valued at $45,000. CWM LLC increased its holdings in shares of SailPoint by 315.6% in the fourth quarter. CWM LLC now owns 2,656 shares of the company’s stock valued at $54,000 after purchasing an additional 2,017 shares during the period. Finally, Farther Finance Advisors LLC increased its position in SailPoint by 208.2% during the 4th quarter. Farther Finance Advisors LLC now owns 3,070 shares of the company’s stock worth $62,000 after purchasing an additional 2,074 shares during the period.

Analyst Upgrades and Downgrades

SAIL has been the subject of a number of recent analyst reports. Cantor Fitzgerald restated an “overweight” rating and issued a $23.00 price objective on shares of SailPoint in a research note on Wednesday, June 17th. Stephens reaffirmed an “overweight” rating and issued a $20.00 target price on shares of SailPoint in a research note on Wednesday, June 17th. Scotiabank restated a “sector outperform” rating and set a $19.00 price target (up from $16.00) on shares of SailPoint in a research report on Tuesday, June 9th. Rosenblatt Securities started coverage on shares of SailPoint in a report on Wednesday. They set a “neutral” rating and a $16.00 price target on the stock. Finally, Barclays dropped their price objective on shares of SailPoint from $22.00 to $19.00 and set an “overweight” rating on the stock in a report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, SailPoint has a consensus rating of “Moderate Buy” and a consensus target price of $20.08.

About SailPoint

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.