Insider Selling: SailPoint (NASDAQ:SAIL) CEO Sells 148,003 Shares of Stock

Key Points

• SailPoint CEO Mark McClain sold 148,003 shares of stock on October 8 for a total of $3,322,667.35, reducing his ownership by 1.97%.
• Following the sale, McClain retains 7,375,733 shares totaling approximately $165.6 million in value.
• SailPoint's stock price increased by 3.9% to $23.30, with an average target price from analysts at $25.58.

SailPoint, Inc. (NASDAQ:SAIL - Get Free Report) CEO Mark Mcclain sold 148,003 shares of the firm's stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $22.45, for a total transaction of $3,322,667.35. Following the completion of the sale, the chief executive officer owned 7,375,733 shares in the company, valued at approximately $165,585,205.85. The trade was a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

SailPoint Trading Up 3.9%

Shares of SAIL traded up $0.87 during mid-day trading on Thursday, reaching $23.30. The company had a trading volume of 3,897,020 shares, compared to its average volume of 2,432,018. The company's 50 day simple moving average is $21.14 and its 200 day simple moving average is $20.08. SailPoint, Inc. has a 1-year low of $15.05 and a 1-year 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 for the quarter, beating analysts' consensus estimates of $0.04 by $0.03. The company had revenue of $264.36 million during the quarter, compared to analyst estimates of $243.41 million. The business's quarterly revenue was up 32.9% on a year-over-year basis. SailPoint has set its FY 2026 guidance at 0.200-0.220 EPS. Q3 2026 guidance at 0.050-0.06 EPS.

Institutional Trading of SailPoint

A number of hedge funds and other institutional investors have recently bought and sold shares of SAIL. Oppenheimer Asset Management Inc. boosted its holdings in SailPoint by 3.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 46,895 shares of the company's stock worth $1,072,000 after acquiring an additional 1,510 shares during the last quarter. Assetmark Inc. purchased a new position in shares of SailPoint in the 1st quarter worth about $32,000. Loomis Sayles & Co. L P bought a new stake in SailPoint in the 2nd quarter valued at about $42,000. State of Wyoming bought a new stake in SailPoint in the 2nd quarter valued at about $45,000. Finally, Kayne Anderson Rudnick Investment Management LLC bought a new stake in SailPoint in the 1st quarter valued at about $49,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. The Goldman Sachs Group reiterated a "neutral" rating on shares of SailPoint in a research report on Wednesday, June 11th. Mizuho raised their price target on shares of SailPoint from $24.00 to $25.00 and gave the stock a "neutral" rating in a report on Tuesday, September 30th. Wells Fargo & Company raised their price target on shares of SailPoint from $20.00 to $23.00 and gave the stock an "equal weight" rating in a report on Tuesday, September 30th. Cantor Fitzgerald assumed coverage on shares of SailPoint in a report on Monday, June 30th. They set an "overweight" rating and a $29.00 price target for the company. Finally, Stephens upgraded shares of SailPoint to a "strong-buy" rating in a report on Tuesday, August 12th. One equities research 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. According to data from MarketBeat, SailPoint currently has an average rating of "Moderate Buy" and an average target price of $25.58.

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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