Mitra Rezvan Sells 1,214 Shares of SailPoint (NASDAQ:SAIL) Stock

Key Points

• Mitra Rezvan sold 1,214 SailPoint shares at $20 each for $24,280 under a pre-arranged Rule 10b5-1 plan, retaining 181,427 shares afterward. She has also made several other insider sales in recent months.
• SailPoint shares fell 2.3% to $19.53, though the company reported quarterly revenue of $280.14 million, up 21.5% year over year, and exceeded analysts’ EPS expectations.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and a $20.08 target price; institutional investors have also recently initiated positions in the stock.

SailPoint, Inc. (NASDAQ:SAIL - Get Free Report) CAO Mitra Rezvan sold 1,214 shares of SailPoint stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $20.00, for a total value of $24,280.00. Following the transaction, the chief accounting officer owned 181,427 shares of the company's stock, valued at approximately $3,628,540. This represents a 0.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mitra Rezvan also recently made the following trade(s):

• On Wednesday, July 8th, Mitra Rezvan sold 3,881 shares of SailPoint stock. The stock was sold at an average price of $15.42, for a total value of $59,845.02.
• On Tuesday, July 7th, Mitra Rezvan sold 2,954 shares of SailPoint stock. The stock was sold at an average price of $16.29, for a total value of $48,120.66.
• On Monday, June 1st, Mitra Rezvan sold 7,487 shares of SailPoint stock. The stock was sold at an average price of $20.00, for a total transaction of $149,740.00.

SailPoint Stock Down 2.3%

Shares of NASDAQ:SAIL traded down $0.46 during trading on Friday, hitting $19.53. 2,902,263 shares of the stock traded hands, compared to its average volume of 3,638,295. The company has a market cap of $11.08 billion, a price-to-earnings ratio of -72.33, a P/E/G ratio of 2.08 and a beta of 2.08. The company has a fifty day moving average price of $15.46 and a two-hundred day moving average price of $14.55. SailPoint, Inc. has a 52-week low of $10.30 and a 52-week high of $24.00.

SailPoint (NASDAQ:SAIL - Get Free Report) last posted its earnings results on Tuesday, June 9th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. SailPoint had a negative net margin of 14.04% and a positive return on equity of 2.31%. The firm had revenue of $280.14 million during the quarter. During the same quarter in the prior year, the firm earned $0.01 earnings per share. The business's revenue for the quarter was up 21.5% on a year-over-year basis. SailPoint has set its Q2 2027 guidance at 0.070-0.080 EPS and its FY 2027 guidance at 0.300-0.340 EPS. On average, equities research analysts predict that SailPoint, Inc. will post 0.32 EPS for the current fiscal year.

Hedge Funds Weigh In On SailPoint

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc acquired a new stake in shares of SailPoint in the second quarter valued at about $94,000. The Manufacturers Life Insurance Company acquired a new position in shares of SailPoint during the 2nd quarter worth about $3,286,000. Bank of Nova Scotia acquired a new position in shares of SailPoint during the 2nd quarter worth about $373,000. Northwestern Mutual Wealth Management Co. purchased a new position in SailPoint in the 2nd quarter valued at about $50,000. Finally, Landscape Capital Management L.L.C. purchased a new position in SailPoint in the 2nd quarter valued at about $152,000.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SAIL shares. Scotiabank reissued a "sector outperform" rating and set a $19.00 target price (up from $16.00) on shares of SailPoint in a research note on Tuesday, June 9th. BMO Capital Markets restated an "outperform" rating on shares of SailPoint in a research note on Wednesday, June 10th. Barclays reduced their price target on SailPoint from $22.00 to $19.00 and set an "overweight" rating for the company in a report on Wednesday, June 10th. Mizuho set a $16.00 price target on SailPoint in a research report on Wednesday, June 10th. Finally, Stephens reissued an "overweight" rating and issued a $20.00 price objective on shares of SailPoint in a report on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $20.08.

SailPoint Company Profile

SailPoint Technologies Holdings, Inc NASDAQ: SAIL is a leading provider of enterprise identity governance solutions that enable organizations to manage and secure user access across on-premises, cloud and hybrid IT environments. Its software automates identity lifecycle management, access certifications, policy enforcement and privileged account governance, helping enterprises reduce security risks, maintain regulatory compliance and streamline IT operations. The company's flagship offerings include IdentityIQ, a comprehensive on-premises platform, and IdentityNow, a cloud-native identity governance-as-a-service solution.

Founded in 2005 by industry veterans Mark McClain and Kevin Cunningham, SailPoint is headquartered in Austin, Texas.

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