SailPoint (NASDAQ:SAIL) Insider Sells $586,999.05 in Stock

Key Points

• Insider Trading: SailPoint insider Abby Payne sold 26,031 shares at an average price of $22.55, totaling approximately $586,999, reducing their ownership by 3.31%.
• Positive Earnings Report: SailPoint reported earnings of $0.07 per share for the last quarter, exceeding expectations, with a year-over-year revenue increase of 32.9% to $264.36 million.
• Analyst Ratings: SailPoint has received mixed analyst ratings with an average price target of $25.58; one analyst rates it as a Strong Buy while others have assigned both Buy and Sell ratings.

SailPoint, Inc. (NASDAQ:SAIL - Get Free Report) insider Abby Payne sold 26,031 shares of the company's stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $22.55, for a total transaction of $586,999.05. Following the transaction, the insider owned 760,724 shares of the company's stock, valued at $17,154,326.20. This trade represents a 3.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Abby Payne also recently made the following trade(s):

• On Thursday, October 9th, Abby Payne sold 31,481 shares of SailPoint stock. The stock was sold at an average price of $22.42, for a total transaction of $705,804.02.
• On Wednesday, October 8th, Abby Payne sold 26,560 shares of SailPoint stock. The shares were sold at an average price of $22.45, for a total transaction of $596,272.00.

SailPoint Price Performance

Shares of SAIL stock traded up $0.87 on Thursday, reaching $23.30. 3,897,020 shares of the company were exchanged, compared to its average volume of 2,432,018. The company has a 50-day moving average of $21.14 and a 200-day moving average of $20.08. SailPoint, Inc. has a one year low of $15.05 and a one year high of $26.35.

SailPoint (NASDAQ:SAIL - Get Free Report) last announced its quarterly earnings results on Tuesday, September 9th. The company reported $0.07 earnings per share for the quarter, beating 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. The firm's revenue for the quarter 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.

Hedge Funds Weigh In On SailPoint

Several hedge funds and other institutional investors have recently modified their holdings of SAIL. Assetmark Inc. purchased a new stake in shares of SailPoint during the first quarter valued at approximately $32,000. Loomis Sayles & Co. L P purchased a new stake in shares of SailPoint during the second quarter valued at approximately $42,000. State of Wyoming purchased a new stake in shares of SailPoint during the second quarter valued at approximately $45,000. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of SailPoint during the first quarter valued at approximately $49,000. Finally, Amalgamated Bank purchased a new stake in shares of SailPoint during the second quarter valued at approximately $71,000.

Wall Street Analysts Forecast Growth

SAIL has been the subject of a number of recent research reports. Arete Research upgraded shares of SailPoint to a "strong sell" rating and set a $16.00 price objective for the company in a research note on Monday, July 7th. The Goldman Sachs Group reiterated a "neutral" rating on shares of SailPoint in a research report on Wednesday, June 11th. Arete began coverage on shares of SailPoint in a research report on Monday, July 7th. They issued a "sell" rating and a $16.00 target price for the company. Scotiabank initiated coverage on shares of SailPoint in a research report on Wednesday, September 3rd. They issued a "sector outperform" rating and a $25.00 target price for the company. Finally, Morgan Stanley raised shares of SailPoint from an "equal weight" rating to an "overweight" rating and set a $25.00 price target for the company in a research note on Tuesday, September 2nd. One 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 stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target 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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