SailPoint (NASDAQ:SAIL) Stock: Insider Mitra Rezvan Sells 1,168 Shares

Key Points

• Chief Accounting Officer Mitra Rezvan sold 1,168 SailPoint shares at an average price of $20, generating $23,360. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, leaving her with 173,172 shares.
• SailPoint reported quarterly earnings of $0.09 per share, beating the $0.08 consensus estimate, while revenue rose 17% year over year to $308.81 million. The stock recently traded at $20.77, near its 52-week high of $23.89.
• Analyst sentiment remains broadly positive: 20 analysts rate the stock a Buy, six rate it Hold, and one rates it Sell, with a consensus price target of $22.20. Recent target increases include Baird’s move to $25 and Cantor Fitzgerald’s move to $27.

SailPoint, Inc. (NASDAQ:SAIL - Get Free Report) CAO Mitra Rezvan sold 1,168 shares of the business's stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $20.00, for a total transaction of $23,360.00. Following the sale, the chief accounting officer owned 173,172 shares in the company, valued at $3,463,440. This trade represents a 0.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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, October 7th, Mitra Rezvan sold 4,491 shares of SailPoint stock. The stock was sold at an average price of $19.71, for a total value of $88,517.61.
• On Tuesday, October 6th, Mitra Rezvan sold 2,596 shares of SailPoint stock. The shares were sold at an average price of $20.36, for a total transaction of $52,854.56.
• On Thursday, August 13th, Mitra Rezvan sold 1,214 shares of SailPoint stock. The stock was sold at an average price of $20.00, for a total transaction of $24,280.00.

SailPoint Stock Performance

NASDAQ SAIL traded up $0.75 during trading on Friday, reaching $20.77. 2,870,534 shares of the company's stock were exchanged, compared to its average volume of 5,847,625. The company has a 50 day moving average price of $19.38 and a two-hundred day moving average price of $15.87. The stock has a market cap of $11.86 billion, a P/E ratio of -61.09, a price-to-earnings-growth ratio of 2.12 and a beta of 2.15. SailPoint, Inc. has a 1 year low of $10.30 and a 1 year high of $23.89.

SailPoint (NASDAQ:SAIL - Get Free Report) last announced its quarterly earnings results on Wednesday, September 9th. The company reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.01. The firm had revenue of $308.81 million during 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% on a year-over-year basis. During the same period last year, the firm earned ($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. Research analysts forecast that SailPoint, Inc. will post 0.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SAIL has been the subject of several research analyst reports. Weiss Ratings upgraded SailPoint from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Thursday, August 13th. Roth Capital restated a "buy" rating and set a $21.00 target price (up from $19.00) on shares of SailPoint in a research report on Thursday, September 10th. DA Davidson reaffirmed a "neutral" rating and set a $17.00 price target on shares of SailPoint in a research note on Thursday, September 10th. Evercore reiterated an "outperform" rating on shares of SailPoint in a report on Thursday, September 10th. Finally, Robert W. Baird raised their price objective on shares of SailPoint from $22.00 to $25.00 and gave the company an "outperform" rating in a research note on Thursday. Twenty equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $22.20.

SailPoint News Roundup

Here are the key news stories impacting SailPoint this week:

• Positive Sentiment: Cantor Fitzgerald raised its price target to $27 from $25 and maintained an “overweight” rating. The firm cited potential expansion of SailPoint’s addressable market, providing a positive catalyst for the stock. Cantor Fitzgerald price-target report
• Positive Sentiment: Recent analyst actions remain favorable. Robert W. Baird raised its target to $25 and assigned an “outperform” rating, while Oppenheimer initiated coverage with an “outperform” rating and a $30 target, pointing to SailPoint’s potential role in securing AI-agent identities. Oppenheimer coverage report
• Positive Sentiment: Post-earnings momentum has continued. SailPoint has risen 13.5% since its latest earnings report, which included earnings of $0.09 per share versus an $0.08 consensus estimate and 17% year-over-year revenue growth to $308.81 million. Zacks post-earnings analysis
• Positive Sentiment: SailPoint updated its identity-security platform, potentially strengthening its competitive position as demand grows for governance and protection of digital identities, including those used by AI systems. Platform update
• Neutral Sentiment: Amerx initiated coverage with a “hold” rating, providing a more cautious counterpoint to the recent bullish recommendations. Amerx coverage report
• Negative Sentiment: Several senior executives, including the CEO, CFO, president and other officers, sold shares. The transactions were made under pre-arranged Rule 10b5-1 plans to cover tax obligations on vested equity awards, and executives retained substantial holdings, reducing—but not eliminating—the bearish signal.

Hedge Funds Weigh In On SailPoint

Several institutional investors and hedge funds have recently modified their holdings of SAIL. Gables Capital Management Inc. acquired a new position in shares of SailPoint in the 2nd quarter valued at $29,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of SailPoint during the 2nd quarter worth $50,000. State of Wyoming purchased a new position in shares of SailPoint in the 2nd quarter worth $56,000. Legal & General Group Plc purchased a new position in shares of SailPoint in the 2nd quarter worth $94,000. Finally, FNY Investment Advisers LLC increased its stake in SailPoint by 12.0% during the second quarter. FNY Investment Advisers LLC now owns 8,400 shares of the company's stock worth $122,000 after acquiring an additional 900 shares during the last quarter.

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.

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