Abby Payne Sells 26,560 Shares of SailPoint (NASDAQ:SAIL) Stock

Key Points

• Abby Payne, an insider at SailPoint, sold a total of 26,560 shares on October 8th at an average price of $22.45, resulting in a transaction of approximately $596,272 and a 3.49% decrease in her stock ownership.
• SailPoint recently reported a revenue increase of 32.9% year-over-year, achieving $264.36 million, and earnings per share of $0.07, beating estimates.
• Research firms are optimistic about SailPoint's future, with Morgan Stanley upgrading their rating to "overweight" and setting a price target of $25.00, while the stock has a consensus rating of "Moderate Buy".

SailPoint, Inc. (NASDAQ:SAIL - Get Free Report) insider Abby Payne sold 26,560 shares of SailPoint stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $22.45, for a total transaction of $596,272.00. Following the transaction, the insider owned 734,164 shares of the company's stock, valued at $16,481,981.80. This represents a 3.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Abby Payne also recently made the following trade(s):

• On Thursday, October 9th, Abby Payne sold 31,481 shares of SailPoint stock. The stock was sold at an average price of $22.42, for a total transaction of $705,804.02.
• On Tuesday, October 7th, Abby Payne sold 26,031 shares of SailPoint stock. The stock was sold at an average price of $22.55, for a total transaction of $586,999.05.

SailPoint Stock Performance

SAIL stock traded up $0.87 during mid-day trading on Thursday, hitting $23.30. The company had a trading volume of 3,897,020 shares, compared to its average volume of 2,432,018. The stock's fifty day moving average price is $21.14 and its two-hundred day moving average price is $20.08. SailPoint, Inc. has a 12 month low of $15.05 and a 12 month high of $26.35.

SailPoint (NASDAQ:SAIL - Get Free Report) last posted its quarterly earnings results on Tuesday, September 9th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.03. The business had revenue of $264.36 million during the quarter, compared to the consensus estimate of $243.41 million. SailPoint's quarterly revenue was up 32.9% compared to the same quarter last year. SailPoint has set its FY 2026 guidance at 0.200-0.220 EPS. Q3 2026 guidance at 0.050-0.06 EPS.

Wall Street Analyst Weigh In

A number of research firms recently commented on SAIL. Morgan Stanley upgraded shares of SailPoint from an "equal weight" rating to an "overweight" rating and set a $25.00 price target for the company in a report on Tuesday, September 2nd. Barclays increased their price objective on shares of SailPoint from $23.00 to $25.00 and gave the company an "overweight" rating in a research report on Thursday, June 12th. Weiss Ratings reissued a "sell (d+)" rating on shares of SailPoint in a report on Wednesday. Arete initiated coverage on shares of SailPoint in a research note on Monday, July 7th. They set a "sell" rating and a $16.00 target price on the stock. Finally, BMO Capital Markets decreased their target price on shares of SailPoint from $27.00 to $25.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, SailPoint currently has a consensus rating of "Moderate Buy" and an average target price of $25.58.

Institutional Trading of SailPoint

A number of large investors have recently made changes to their positions in SAIL. Assetmark Inc. purchased a new stake in shares of SailPoint during the first quarter valued at $32,000. Loomis Sayles & Co. L P bought a new stake in shares of SailPoint in the second quarter valued at about $42,000. State of Wyoming bought a new stake in shares of SailPoint in the second quarter valued at about $45,000. Kayne Anderson Rudnick Investment Management LLC bought a new position in SailPoint in the first quarter worth about $49,000. Finally, Quarry LP bought a new position in SailPoint in the first quarter worth about $70,000.

SailPoint Company Profile

SailPoint, Inc delivers solutions to enable comprehensive identity security for the enterprise. Its solutions enable organizations to establish, control, and automate policies that help them define and maintain a robust security posture and achieve regulatory compliance. The company was founded by Mark David McClain in 2005 and is headquartered in Austin, TX.

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