Mark Mcclain Sells 175,425 Shares of SailPoint (NASDAQ:SAIL) Stock

Key Points

• Mark Mcclain, CEO of SailPoint, sold 175,425 shares of the company's stock for approximately $3.93 million, representing a 2.38% decrease in his position.
• SailPoint's stock price increased to $23.30 after the transaction, marking significant trading volume of nearly 3.9 million shares.
• SailPoint reported a 32.9% year-over-year revenue increase for the last quarter, with earnings per share of $0.07, surpassing analyst expectations.

SailPoint, Inc. (NASDAQ:SAIL - Get Free Report) CEO Mark Mcclain sold 175,425 shares of the company's stock in a transaction dated Thursday, October 9th. The stock was sold at an average price of $22.42, for a total transaction of $3,933,028.50. Following the completion of the sale, the chief executive officer directly owned 7,200,308 shares of the company's stock, valued at $161,430,905.36. The trade was a 2.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

SailPoint Price Performance

NASDAQ SAIL traded up $0.87 on Thursday, reaching $23.30. The company's stock had a trading volume of 3,897,020 shares, compared to its average volume of 2,432,018. SailPoint, Inc. has a twelve month low of $15.05 and a twelve month high of $26.35. The firm's 50 day moving average is $21.14 and its two-hundred day moving average is $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 during the quarter, compared to analyst estimates of $243.41 million. The company'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.

Wall Street Analyst Weigh In

SAIL has been the topic of several research analyst reports. Morgan Stanley upgraded shares of SailPoint from an "equal weight" rating to an "overweight" rating and set a $25.00 price objective on the stock in a research note on Tuesday, September 2nd. Weiss Ratings restated a "sell (d+)" rating on shares of SailPoint in a research note on Wednesday. Royal Bank Of Canada reiterated an "outperform" rating and set a $29.00 price target (up previously from $27.00) on shares of SailPoint in a research note on Thursday, June 12th. Arete Research upgraded shares of SailPoint to a "strong sell" rating and set a $16.00 price target on the stock in a research note on Monday, July 7th. Finally, The Goldman Sachs Group reiterated a "neutral" rating on shares of SailPoint in a research note on Wednesday, June 11th. One 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 given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $25.58.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SAIL. Assetmark Inc. bought a new position in shares of SailPoint in the first quarter valued at about $32,000. Loomis Sayles & Co. L P bought a new position in shares of SailPoint in the second quarter valued at about $42,000. State of Wyoming bought a new stake in SailPoint during the 2nd quarter worth about $45,000. Kayne Anderson Rudnick Investment Management LLC bought a new stake in SailPoint during the 1st quarter worth about $49,000. Finally, Quarry LP bought a new stake in SailPoint during the 1st quarter worth about $70,000.

About SailPoint

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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