SailPoint (NASDAQ:SAIL) Insider Sells $705,804.02 in Stock

Key Points

• Abby Payne, an insider at SailPoint, sold a total of $705,804.02 worth of stock on October 9th, decreasing their ownership by 4.29%.
• SailPoint's share price increased by 3.9% on October 9th, reaching $23.30, with a trading volume surpassing its average.
• The company reported earnings of $0.07 EPS for the last quarter, exceeding analysts' expectations, and set FY 2026 guidance at $0.200-0.220 EPS.

SailPoint, Inc. (NASDAQ:SAIL - Get Free Report) insider Abby Payne sold 31,481 shares of the stock in a transaction dated Thursday, October 9th. The stock was sold at an average price of $22.42, for a total transaction of $705,804.02. Following the transaction, the insider directly owned 702,683 shares of the company's stock, valued at $15,754,152.86. This represents a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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.
• On Tuesday, October 7th, Abby Payne sold 26,031 shares of SailPoint stock. The stock was sold at an average price of $22.55, for a total transaction of $586,999.05.

SailPoint Trading Up 3.9%

Shares of SAIL traded up $0.87 during mid-day trading on Thursday, reaching $23.30. 3,897,020 shares of the company's stock were exchanged, compared to its average volume of 2,432,018. SailPoint, Inc. has a 52-week low of $15.05 and a 52-week high of $26.35. The company has a 50-day simple moving average of $21.14 and a two-hundred day simple moving average of $20.08.

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 firm 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.

Analyst Ratings Changes

SAIL has been the topic of several analyst reports. Wells Fargo & Company lifted their price target on shares of SailPoint from $20.00 to $23.00 and gave the stock an "equal weight" rating in a research note on Tuesday, September 30th. Mizuho boosted their target price on shares of SailPoint from $24.00 to $25.00 and gave the company a "neutral" rating in a research note on Tuesday, September 30th. Arete Research raised shares of SailPoint to a "strong sell" rating and set a $16.00 price target for the company in a research note on Monday, July 7th. The Goldman Sachs Group restated a "neutral" rating on shares of SailPoint in a report on Wednesday, June 11th. Finally, BTIG Research reaffirmed a "buy" rating and set a $29.00 target price on shares of SailPoint in a research report on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $25.58.

Hedge Funds Weigh In On SailPoint

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. bought a new stake in shares of SailPoint in the 1st quarter worth approximately $94,194,000. Norges Bank bought a new position in SailPoint during the second quarter worth about $112,297,000. Alliancebernstein L.P. bought a new position in SailPoint during the first quarter worth about $55,644,000. Voya Investment Management LLC bought a new position in SailPoint during the first quarter worth about $53,616,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in SailPoint during the second quarter worth about $64,453,000.

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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