SailPoint (NASDAQ:SAIL) Stock: Insider James Malcolm Hagan Sells 4,205 Shares

Key Points

• Director James Malcolm Hagan sold 4,205 SailPoint shares at an average price of $22.50, generating $94,612.50. The sale, conducted under a pre-arranged Rule 10b5-1 plan, reduced his holdings by 4.28% to 94,125 shares.
• SailPoint reported quarterly EPS of $0.09, beating estimates by $0.01, while revenue rose 17% year over year to $308.81 million. Despite positive quarterly performance, the company posted a negative net margin of 16.92%.
• Analysts maintain a broadly positive outlook, with 21 Buy ratings, six Holds, and one Sell; the average rating is “Moderate Buy” with a $22.20 price target. Shares recently traded near $22.28, close to the company’s 52-week high.

SailPoint, Inc. (NASDAQ:SAIL - Get Free Report) Director James Malcolm Hagan sold 4,205 shares of SailPoint stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $22.50, for a total transaction of $94,612.50. Following the sale, the director owned 94,125 shares in the company, valued at approximately $2,117,812.50. The trade was a 4.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SailPoint Price Performance

Shares of SAIL stock traded down $0.11 during mid-day trading on Wednesday, hitting $22.28. The company had a trading volume of 2,698,360 shares, compared to its average volume of 3,868,680. The stock's 50 day moving average price is $19.73 and its 200-day moving average price is $16.11. SailPoint, Inc. has a 52-week low of $10.30 and a 52-week high of $22.72. The company has a market capitalization of $12.72 billion, a P/E ratio of -65.53, a P/E/G ratio of 2.31 and a beta of 2.15.

SailPoint (NASDAQ:SAIL - Get Free Report) last announced its quarterly earnings results 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 company 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%. The business's revenue was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($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, equities research analysts expect that SailPoint, Inc. will post 0.33 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on SAIL. Weiss Ratings upgraded SailPoint from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Thursday, August 13th. Morgan Stanley raised their price target on SailPoint from $18.00 to $22.00 and gave the company an "overweight" rating in a report on Thursday, August 20th. Truist Financial raised their price target on SailPoint from $23.00 to $27.00 and gave the company a "buy" rating in a report on Thursday, September 24th. Scotiabank reaffirmed an "outperform" rating on shares of SailPoint in a research note on Monday, October 5th. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of SailPoint in a report on Wednesday, October 7th. Twenty-one research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, SailPoint has an average rating of "Moderate Buy" and an average target price of $22.20.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Moody Aldrich Partners LLC bought a new position in SailPoint during the third quarter valued at $3,607,000. Park Avenue Securities LLC raised its stake in shares of SailPoint by 51.2% in the third quarter. Park Avenue Securities LLC now owns 19,071 shares of the company's stock valued at $388,000 after acquiring an additional 6,455 shares during the period. Verdence Capital Advisors LLC purchased a new stake in shares of SailPoint in the third quarter valued at $254,000. WINTON GROUP Ltd raised its stake in shares of SailPoint by 171.8% in the second quarter. WINTON GROUP Ltd now owns 64,954 shares of the company's stock valued at $951,000 after acquiring an additional 41,054 shares during the period. Finally, Engineers Gate Manager LP bought a new stake in shares of SailPoint in the 2nd quarter worth about $464,000.

About SailPoint

SailPoint Technologies, Inc NASDAQ: SAIL provides identity security software that helps organizations manage and protect digital identities and access to applications, data, and other technology resources. Its platform is designed to support identity governance, access management, compliance, and security operations across complex information-technology environments.

The company's offerings include SailPoint Identity Security Cloud, a cloud-based platform for managing workforce and machine identities, as well as identity governance and administration capabilities delivered through its broader SailPoint platform.

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