SailPoint (NASDAQ:SAIL) CAO Mitra Rezvan Sells 4,491 Shares of Stock

SailPoint, Inc. (NASDAQ:SAIL) CAO Mitra Rezvan sold 4,491 shares of the firm’s stock in a transaction on Wednesday, October 7th. The stock was sold at an average price of $19.71, for a total value of $88,517.61. Following the transaction, the chief accounting officer owned 174,340 shares of the company’s stock, valued at approximately $3,436,241.40. This represents a 2.51% decrease in their ownership of the stock. The transaction 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.

Mitra Rezvan also recently made the following trade(s):

• On Tuesday, October 6th, Mitra Rezvan sold 2,596 shares of SailPoint stock. The shares were sold at an average price of $20.36, for a total value of $52,854.56.
• On Thursday, August 13th, Mitra Rezvan sold 1,214 shares of SailPoint stock. The shares were sold at an average price of $20.00, for a total value of $24,280.00.

SailPoint Trading Up 2.2%

SAIL opened at $20.02 on Friday. The stock’s 50-day moving average price is $19.30 and its 200 day moving average price is $15.84. SailPoint, Inc. has a 12-month low of $10.30 and a 12-month high of $23.89. The firm has a market cap of $11.43 billion, a price-to-earnings ratio of -58.88, a PEG ratio of 2.15 and a beta of 2.15.

SailPoint (NASDAQ:SAIL) last announced its earnings results on Wednesday, September 9th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The company had revenue of $308.81 million during the quarter. SailPoint had a positive return on equity of 2.44% and a negative net margin of 16.92%.The business’s revenue was up 17.0% compared to the same quarter last year. During the same quarter last year, the business earned ($0.02) earnings per share. SailPoint has set its FY 2027 guidance at 0.300-0.340 EPS and its Q3 2027 guidance at 0.070-0.080 EPS. On average, research analysts forecast that SailPoint, Inc. will post 0.33 earnings per share for the current year.

Institutional Trading of SailPoint

Hedge funds have recently added to or reduced their stakes in the company. Wasatch Advisors LP purchased a new position in SailPoint in the second quarter worth approximately $66,173,000. BlackRock Inc. acquired a new position in SailPoint during the 2nd quarter worth approximately $65,050,000. Stephens Investment Management Group LLC increased its position in shares of SailPoint by 51.0% in the 1st quarter. Stephens Investment Management Group LLC now owns 2,895,700 shares of the company’s stock valued at $38,339,000 after purchasing an additional 978,376 shares during the last quarter. Bank of America Corp DE increased its position in shares of SailPoint by 40.1% in the 1st quarter. Bank of America Corp DE now owns 1,764,870 shares of the company’s stock valued at $23,367,000 after purchasing an additional 504,726 shares during the last quarter. Finally, Freestone Grove Partners LP acquired a new stake in shares of SailPoint in the 2nd quarter valued at $21,266,000.

Analyst Upgrades and Downgrades

SAIL has been the subject of a number of research reports. Stephens restated an “overweight” rating and issued a $20.00 price objective on shares of SailPoint in a report on Wednesday, June 17th. Bank of America raised their price target on shares of SailPoint from $19.00 to $22.00 and gave the company a “neutral” rating in a research report on Friday, September 18th. Jefferies Financial Group restated a “buy” rating on shares of SailPoint in a research note on Wednesday. Wells Fargo & Company upped their price objective on SailPoint from $19.00 to $22.00 and gave the stock an “overweight” rating in a research report on Monday, August 17th. Finally, Truist Financial lifted their target price on SailPoint from $23.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, September 24th. Twenty research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, SailPoint has an average rating of “Moderate Buy” and an average price target of $22.11.

Key Stories Impacting SailPoint

Here are the key news stories impacting SailPoint this week:

• Positive Sentiment: Robert W. Baird raised its price target to $25 from $22 and reiterated an “outperform” rating, implying substantial upside from recent trading levels. Benzinga report
• Positive Sentiment: Oppenheimer initiated coverage with an “outperform” rating and a $30 price target, citing SailPoint’s potential role in securing AI agents as enterprise adoption expands. Oppenheimer coverage report
• Positive Sentiment: Recent coverage emphasized a significant gap between enterprise AI-agent adoption and identity-security capabilities, potentially creating new demand for SailPoint’s products. AI identity-security opportunity report
• Positive Sentiment: The broader analyst view remains favorable: SailPoint was described as having a “moderate buy” consensus, while Scotiabank also issued positive commentary. Analyst consensus report
• Neutral Sentiment: CEO Mark McClain said AI agents require safeguards, including a “kill switch,” and SailPoint’s Navigate event focused on reducing standing privileges. The comments reinforce the industry opportunity but do not represent new financial guidance. SailPoint CEO AI-agent commentary
• Negative Sentiment: Multiple executives—including the CEO, CFO, president, general counsel, chief accounting officer and an EVP—sold a combined roughly $10 million of shares. However, all transactions were executed under pre-arranged Rule 10b5-1 plans to cover tax withholding on vested equity awards, and each executive retained a substantial stake. SEC insider-trading filing

About SailPoint

SailPoint, Inc (NASDAQ:SAIL) is an identity security company that helps organizations manage and protect digital identities and access to applications, data, and other technology resources. Its software is designed to help enterprises determine who should have access to specific resources, enforce access policies, and identify and address inappropriate or excessive access.

The company’s offerings include its cloud-based identity security platform, which supports identity governance, access management, lifecycle automation, compliance, and analytics.