SailPoint (NASDAQ:SAIL) Director Ronald Green Sells 8,450 Shares

Key Points

• Director Ronald Green of SailPoint sold 8,450 shares at an average price of $21.84, reducing his stake by 19.35%.
• SailPoint's stock increased by 1.8% to reach $22.31, and it has shown significant volatility with a 52-week range of $15.05 to $26.35.
• The company reported $0.07 EPS for its latest quarter, exceeding estimates and achieving a 32.9% year-over-year revenue growth.

SailPoint, Inc. (NASDAQ:SAIL - Get Free Report) Director Ronald Green sold 8,450 shares of the business's stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $21.84, for a total transaction of $184,548.00. Following the sale, the director directly owned 35,211 shares in the company, valued at approximately $769,008.24. This represents a 19.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

SailPoint Stock Up 1.8%

SAIL stock traded up $0.39 during trading on Tuesday, reaching $22.31. 1,307,428 shares of the company were exchanged, compared to its average volume of 2,238,276. The stock's 50 day moving average price is $21.19 and its 200 day moving average price is $20.09. SailPoint, Inc. has a 52-week low of $15.05 and a 52-week high of $26.35.

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

Hedge Funds Weigh In On SailPoint

Institutional investors have recently modified their holdings of the company. Assetmark Inc. acquired a new position in SailPoint during the first quarter worth approximately $32,000. Loomis Sayles & Co. L P acquired a new position in SailPoint during the second quarter worth approximately $42,000. State of Wyoming acquired a new position in SailPoint during the second quarter worth approximately $45,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in SailPoint during the first quarter worth approximately $49,000. Finally, Quarry LP acquired a new position in SailPoint during the first quarter worth approximately $70,000.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SAIL shares. Arete Research upgraded shares of SailPoint to a "strong sell" rating and set a $16.00 target price for the company in a research report on Monday, July 7th. BMO Capital Markets cut their target price on shares of SailPoint from $27.00 to $25.00 and set an "outperform" rating for the company in a research report on Tuesday, September 9th. Arete started coverage on shares of SailPoint in a research report on Monday, July 7th. They set a "sell" rating and a $16.00 target price for the company. Mizuho lifted their target price on shares of SailPoint from $24.00 to $25.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 30th. Finally, Cantor Fitzgerald started coverage on shares of SailPoint in a research report on Monday, June 30th. They issued an "overweight" rating and a $29.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $25.58.

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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