Mark Mcclain Sells 145,058 Shares of SailPoint (NASDAQ:SAIL) Stock

Key Points

• CEO Mark Mcclain sold 145,058 shares of SailPoint (NASDAQ:SAIL) at an average price of $22.55, totaling approximately $3.27 million, which reduced his ownership by 1.89% to around 7.52 million shares.
• SailPoint's recent earnings report exceeded estimates with a 32.9% year-over-year revenue increase to $264.36 million and an EPS of $0.07, surpassing the consensus estimate of $0.04.
• Institutional investors, including Voya Investment Management and Goldman Sachs, have significantly increased their positions in SailPoint, indicating growing confidence in the company's future performance.

SailPoint, Inc. (NASDAQ:SAIL - Get Free Report) CEO Mark Mcclain sold 145,058 shares of the business's stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $22.55, for a total value of $3,271,057.90. Following the sale, the chief executive officer directly owned 7,523,736 shares in the company, valued at approximately $169,660,246.80. The trade was a 1.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

SailPoint Price Performance

NASDAQ:SAIL traded up $0.87 during midday trading on Thursday, hitting $23.30. 3,897,020 shares of the stock were exchanged, compared to its average volume of 2,432,018. SailPoint, Inc. has a one year low of $15.05 and a one year high of $26.35. The business has a 50-day moving average price of $21.14 and a two-hundred day moving average price of $20.08.

SailPoint (NASDAQ:SAIL - Get Free Report) last announced its earnings results on Tuesday, September 9th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.04 by $0.03. The firm had revenue of $264.36 million for the quarter, compared to the consensus estimate of $243.41 million. SailPoint's revenue for the quarter 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.

Institutional Investors Weigh In On SailPoint

Institutional investors and hedge funds have recently modified their holdings of the business. Voya Investment Management LLC bought a new position in shares of SailPoint during the 1st quarter worth about $53,616,000. Renaissance Capital LLC increased its holdings in shares of SailPoint by 30.0% during the 2nd quarter. Renaissance Capital LLC now owns 65,569 shares of the company's stock worth $1,499,000 after purchasing an additional 15,114 shares during the period. Goldman Sachs Group Inc. bought a new position in shares of SailPoint during the 1st quarter worth about $7,546,000. Siren L.L.C. bought a new position in shares of SailPoint during the 1st quarter worth about $1,781,000. Finally, Raymond James Financial Inc. bought a new position in shares of SailPoint during the 1st quarter worth about $3,441,000.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SAIL. BMO Capital Markets lowered their price objective on shares of SailPoint from $27.00 to $25.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 9th. Weiss Ratings reiterated a "sell (d+)" rating on shares of SailPoint in a research report on Wednesday. BTIG Research reiterated a "buy" rating and set a $29.00 price objective on shares of SailPoint in a research report on Tuesday, September 30th. Cantor Fitzgerald began coverage on shares of SailPoint in a research report on Monday, June 30th. They set an "overweight" rating and a $29.00 price objective on the stock. Finally, Scotiabank assumed coverage on shares of SailPoint in a research report on Wednesday, September 3rd. They set a "sector outperform" rating and a $25.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, SailPoint currently has a consensus rating of "Moderate Buy" and a consensus 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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