SailPoint (NASDAQ:SAIL) General Counsel Sells $637,420.85 in Stock

Key Points

• SailPoint General Counsel Christopher Schmitt sold 28,267 shares of the company's stock for a total of $637,420.85 on October 7, reducing his stake by 2.43%.
• SailPoint shares rose by 3.9% to $23.30, with a significant trading volume of 3,897,020 shares, surpassing the average volume.
• Recent analyst reports show a mix of ratings for SailPoint, with one "Strong Buy," fourteen "Buy," and several "Sell," suggesting varied market confidence in the stock's future performance.

SailPoint, Inc. (NASDAQ:SAIL - Get Free Report) General Counsel Christopher Schmitt sold 28,267 shares of SailPoint stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $22.55, for a total value of $637,420.85. Following the sale, the general counsel directly owned 1,132,891 shares of the company's stock, valued at $25,546,692.05. This represents a 2.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Thursday, October 9th, Christopher Schmitt sold 34,186 shares of SailPoint stock. The stock was sold at an average price of $22.42, for a total value of $766,450.12.
• On Wednesday, October 8th, Christopher Schmitt sold 28,841 shares of SailPoint stock. The stock was sold at an average price of $22.45, for a total value of $647,480.45.

SailPoint Stock Up 3.9%

Shares of SAIL traded up $0.87 during trading hours on Thursday, hitting $23.30. The company had a trading volume of 3,897,020 shares, compared to its average volume of 2,234,699. SailPoint, Inc. has a 52-week low of $15.05 and a 52-week high of $26.35. The stock's 50 day moving average price is $21.12 and its 200 day moving average price is $20.05.

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

Institutional Trading of SailPoint

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. purchased a new position in shares of SailPoint during the 1st quarter worth approximately $94,194,000. Norges Bank acquired a new stake in shares of SailPoint during the second quarter worth $112,297,000. Voya Investment Management LLC increased its stake in shares of SailPoint by 10.1% during the third quarter. Voya Investment Management LLC now owns 4,309,070 shares of the company's stock worth $95,144,000 after acquiring an additional 395,287 shares during the period. Alliancebernstein L.P. purchased a new stake in SailPoint during the first quarter worth about $55,644,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in SailPoint during the second quarter worth about $64,453,000.

Wall Street Analysts Forecast Growth

SAIL has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of SailPoint in a report on Wednesday. Arete initiated coverage on SailPoint in a report on Monday, July 7th. They issued a "sell" rating and a $16.00 price objective for the company. Stephens upgraded SailPoint to a "strong-buy" rating in a research report on Tuesday, August 12th. Arete Research raised SailPoint to a "strong sell" rating and set a $16.00 target price on the stock in a research report on Monday, July 7th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average 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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