SailPoint (NASDAQ:SAIL) Insider Abby Payne Sells 21,027 Shares of Stock

SailPoint, Inc. (NASDAQ:SAIL) insider Abby Payne sold 21,027 shares of the company’s stock in a transaction on Wednesday, October 7th. The shares were sold at an average price of $19.71, for a total transaction of $414,442.17. Following the sale, the insider owned 852,002 shares of the company’s stock, valued at $16,792,959.42. This represents a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.

SailPoint Price Performance

SAIL traded up $0.44 during trading on Thursday, hitting $20.02. 4,281,068 shares of the stock traded hands, compared to its average volume of 3,855,227. The firm has a market capitalization of $11.43 billion, a P/E ratio of -58.88, a price-to-earnings-growth ratio of 2.19 and a beta of 2.15. SailPoint, Inc. has a 12-month low of $10.30 and a 12-month high of $23.89. The firm has a 50-day moving average of $19.22 and a 200 day moving average of $15.78.

SailPoint (NASDAQ:SAIL) last released its quarterly earnings data on Wednesday, September 9th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The firm had revenue of $308.81 million for the quarter. SailPoint had a negative net margin of 16.92% and a positive return on equity of 2.44%. SailPoint’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.02) EPS. SailPoint has set its FY 2027 guidance at 0.300-0.340 EPS and its Q3 2027 guidance at 0.070-0.080 EPS. As a group, equities analysts predict that SailPoint, Inc. will post 0.33 EPS for the current fiscal year.

Hedge Funds Weigh In On SailPoint

A number of institutional investors have recently added to or reduced their stakes in SAIL. Wasatch Advisors LP bought a new position in SailPoint in the second quarter worth $66,173,000. BlackRock Inc. bought a new stake in shares of SailPoint during the 2nd quarter valued at $65,050,000. Stephens Investment Management Group LLC grew 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 worth $38,339,000 after buying an additional 978,376 shares during the period. Bank of America Corp DE increased its stake 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 worth $23,367,000 after acquiring an additional 504,726 shares in the last quarter. Finally, Freestone Grove Partners LP bought a new position in shares of SailPoint in the 2nd quarter worth about $21,266,000.

Analyst Ratings Changes

A number of research analysts have commented on the company. Truist Financial upped their price target on SailPoint from $23.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, September 24th. Barclays boosted their target price on SailPoint from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday, September 10th. Mizuho set a $19.00 price target on SailPoint in a research note on Wednesday, September 9th. Jefferies Financial Group reissued a “buy” rating on shares of SailPoint in a research report on Wednesday. Finally, Stephens restated an “overweight” rating and issued a $20.00 price objective on shares of SailPoint in a report on Wednesday, June 17th. Twenty analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $22.11.

SailPoint News Roundup

Here are the key news stories impacting SailPoint this week:

• Positive Sentiment: Robert W. Baird raised its price target from $22 to $25 and reiterated an “outperform” rating. The new target implies approximately 24.7% upside from the referenced share price, providing a fresh catalyst for the stock. Source: Benzinga and The Fly.
• Positive Sentiment: Oppenheimer initiated coverage with an “outperform” rating and a $30 price target, implying roughly 49% upside. The firm believes SailPoint is well positioned to address identity-security needs created by the rapid adoption of AI agents. Oppenheimer initiates coverage of SailPoint with outperform rating
• Positive Sentiment: Additional coverage highlights a large gap between enterprise AI-agent adoption and identity-security protections. That gap could expand SailPoint’s addressable market as businesses seek controls for agent permissions, access and “kill switch” capabilities. SailPoint’s 40x Gap — Enterprise AI Agent Adoption Has Outrun Identity Security by a Factor of 40
• Positive Sentiment: Scotiabank commentary also points to further upside potential, while broader Wall Street sentiment currently rates SAIL as a “moderate buy.” SailPoint Stock Price Expected to Rise, Scotiabank Analyst Says
• Neutral Sentiment: SailPoint’s Navigate keynote emphasized eliminating standing privileges and applying tighter controls to AI-agent identities, reinforcing the company’s strategic positioning but not representing a reported financial result or contract win. SailPoint Navigate keynote coverage

SailPoint Company Profile

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.