Christopher Schmitt Sells 4,507 Shares of SailPoint (NASDAQ:SAIL) Stock

SailPoint, Inc. (NASDAQ:SAIL) General Counsel Christopher Schmitt sold 4,507 shares of the stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $19.57, for a total transaction of $88,201.99. Following the sale, the general counsel owned 1,043,319 shares in the company, valued at $20,417,752.83. The trade was a 0.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Christopher Schmitt also recently made the following trade(s):

• On Wednesday, January 7th, Christopher Schmitt sold 10,130 shares of SailPoint stock. The stock was sold at an average price of $19.90, for a total transaction of $201,587.00.
• On Tuesday, January 6th, Christopher Schmitt sold 11,908 shares of SailPoint stock. The stock was sold at an average price of $19.23, for a total transaction of $228,990.84.

SailPoint Stock Down 2.9%

Shares of SAIL stock traded down $0.59 during trading hours on Thursday, reaching $19.54. The company’s stock had a trading volume of 2,272,045 shares, compared to its average volume of 1,654,826. The firm’s 50 day simple moving average is $19.95 and its 200-day simple moving average is $20.93. The company has a market capitalization of $10.97 billion and a price-to-earnings ratio of -4.08. SailPoint, Inc. has a fifty-two week low of $15.05 and a fifty-two week high of $26.35.

SailPoint (NASDAQ:SAIL) last issued its earnings results on Tuesday, December 9th. The company reported $0.08 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $281.94 million during the quarter, compared to the consensus estimate of $270.35 million. The business’s revenue was up 19.8% on a year-over-year basis. SailPoint has set its FY 2026 guidance at 0.220-0.230 EPS and its Q4 2026 guidance at 0.080-0.09 EPS.

Analyst Upgrades and Downgrades

SAIL has been the subject of several analyst reports. Wolfe Research assumed coverage on shares of SailPoint in a research note on Monday, October 20th. They set an “outperform” rating and a $27.00 price target for the company. Scotiabank cut their target price on SailPoint from $25.00 to $24.00 and set a “sector outperform” rating on the stock in a report on Wednesday, December 10th. Cantor Fitzgerald reissued an “overweight” rating on shares of SailPoint in a research note on Wednesday, December 3rd. Royal Bank Of Canada upped their target price on SailPoint from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Monday. Finally, Robert W. Baird began coverage on shares of SailPoint in a report on Monday, October 27th. They set an “outperform” rating and a $26.00 price target for the company. 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.01.

Institutional Investors Weigh In On SailPoint

Large investors have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd bought a new position in shares of SailPoint during the 3rd quarter worth about $31,000. Loomis Sayles & Co. L P acquired a new position in SailPoint during the 2nd quarter worth approximately $42,000. State of Wyoming bought a new position in shares of SailPoint in the 2nd quarter worth $45,000. Amalgamated Bank acquired a new stake in SailPoint in the 2nd quarter valued at $71,000. Finally, BNP Paribas Financial Markets acquired a new stake in SailPoint in the 2nd quarter valued at $79,000.

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.