SailPoint (NASDAQ:SAIL) General Counsel Christopher Schmitt Sells 28,841 Shares

Key Points

• SailPoint's General Counsel, Christopher Schmitt, sold 28,841 shares of the company's stock on October 8th for a total of $647,480.45, reducing his ownership by 2.55%.
• The company reported $264.36 million in revenue for the last quarter, exceeding expectations, with a 32.9% year-over-year growth and an EPS of $0.07.
• Major analysts have rated SailPoint with an average target price of $25.58, with several firms issuing "buy" and "overweight" ratings on the stock.

SailPoint, Inc. (NASDAQ:SAIL - Get Free Report) General Counsel Christopher Schmitt sold 28,841 shares of the company's stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $22.45, for a total transaction of $647,480.45. Following the sale, the general counsel owned 1,104,050 shares in the company, valued at $24,785,922.50. This represents a 2.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Christopher Schmitt also recently made the following trade(s):

• On Thursday, October 9th, Christopher Schmitt sold 34,186 shares of SailPoint stock. The shares were sold at an average price of $22.42, for a total transaction of $766,450.12.
• On Tuesday, October 7th, Christopher Schmitt sold 28,267 shares of SailPoint stock. The shares were sold at an average price of $22.55, for a total transaction of $637,420.85.

SailPoint Stock Performance

NASDAQ:SAIL traded up $0.87 during mid-day trading on Thursday, hitting $23.30. 3,897,020 shares of the stock traded hands, compared to its average volume of 2,234,699. The firm's 50 day moving average is $21.12 and its two-hundred day moving average is $20.05. 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 posted its quarterly earnings data on Tuesday, September 9th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.03. The business had revenue of $264.36 million for the quarter, compared to analysts' expectations 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.

Wall Street Analyst Weigh In

A number of equities analysts have commented on SAIL shares. Cantor Fitzgerald assumed coverage on shares of SailPoint in a research note on Monday, June 30th. They issued an "overweight" rating and a $29.00 target price on the stock. Royal Bank Of Canada reiterated an "outperform" rating and set a $29.00 price objective (up from $27.00) on shares of SailPoint in a research note on Thursday, June 12th. JPMorgan Chase & Co. raised shares of SailPoint from a "neutral" rating to an "overweight" rating and set a $26.00 target price for the company in a report on Wednesday, August 13th. BTIG Research reissued a "buy" rating and set a $29.00 target price on shares of SailPoint in a report on Tuesday, September 30th. Finally, Morgan Stanley upgraded shares of SailPoint from an "equal weight" rating to an "overweight" rating and set a $25.00 price target on the stock in a research report on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $25.58.

Institutional Trading of SailPoint

Large investors have recently added to or reduced their stakes in the stock. Stephens Investment Management Group LLC purchased a new position in shares of SailPoint during the 1st quarter worth $23,213,000. Allianz Asset Management GmbH purchased a new stake in shares of SailPoint in the 1st quarter valued at approximately $3,496,000. GW&K Investment Management LLC purchased a new stake in shares of SailPoint in the 1st quarter valued at approximately $2,173,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of SailPoint in the 1st quarter valued at approximately $1,683,000. Finally, Assetmark Inc. purchased a new stake in shares of SailPoint in the 1st quarter valued at approximately $32,000.

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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