Insider Selling: SailPoint (NASDAQ:SAIL) CAO Sells $24,280.00 in Stock

SailPoint, Inc. (NASDAQ:SAIL) CAO Mitra Rezvan sold 1,214 shares of SailPoint stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $20.00, for a total transaction of $24,280.00. Following the sale, the chief accounting officer owned 181,427 shares of the company’s stock, valued at $3,628,540. The trade was a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, July 8th, Mitra Rezvan sold 3,881 shares of SailPoint stock. The shares were sold at an average price of $15.42, for a total transaction of $59,845.02.
• On Tuesday, July 7th, Mitra Rezvan sold 2,954 shares of SailPoint stock. The shares were sold at an average price of $16.29, for a total value of $48,120.66.
• On Monday, June 1st, Mitra Rezvan sold 7,487 shares of SailPoint stock. The stock was sold at an average price of $20.00, for a total value of $149,740.00.

SailPoint Stock Performance

SailPoint stock opened at $19.53 on Monday. The business’s 50-day simple moving average is $15.49 and its two-hundred day simple moving average is $14.56. The company has a market cap of $11.08 billion, a PE ratio of -72.33, a PEG ratio of 2.17 and a beta of 2.07. SailPoint, Inc. has a fifty-two week low of $10.30 and a fifty-two week high of $24.00.

SailPoint (NASDAQ:SAIL) last announced its quarterly earnings data on Tuesday, June 9th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter. During the same quarter in the previous year, the business earned $0.01 earnings per share. 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 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Jefferies Financial Group cut shares of SailPoint from a “buy” rating to a “buy” rating in a research note on Wednesday, June 17th. Roth Capital began coverage on shares of SailPoint in a report on Wednesday, May 20th. They set a “buy” rating and a $19.00 target price for the company. Cantor Fitzgerald reissued an “overweight” rating and set a $23.00 target price on shares of SailPoint in a report on Wednesday, June 17th. The Goldman Sachs Group restated a “neutral” rating and set a $19.00 target price on shares of SailPoint in a research report on Wednesday, June 10th. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $18.00 price target on shares of SailPoint in a report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $20.08.

Hedge Funds Weigh In On SailPoint

Large investors have recently made changes to their positions in the company. Gables Capital Management Inc. purchased a new stake in SailPoint during the second quarter worth $29,000. Palladiem LLC purchased a new position in SailPoint in the fourth quarter valued at $42,000. Kestra Advisory Services LLC purchased a new position in SailPoint in the fourth quarter valued at $42,000. State of Wyoming purchased a new position in SailPoint in the second quarter valued at $45,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of SailPoint in the second quarter worth about $50,000.

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.