SailPoint (NASDAQ:SAIL) President Matt Mills Sells 50,671 Shares

Key Points

• SailPoint President Matt Mills sold 50,671 shares of the company at an average price of $22.55, totaling approximately $1.14 million, reducing his ownership by 2.45%.
• After recent trades, Mills still holds 2,017,237 shares, valued around $45.49 million at current market rates.
• SailPoint's stock experienced a 3.9% increase in trading, reaching $23.30, with a 52-week range between $15.05 and $26.35.

SailPoint, Inc. (NASDAQ:SAIL - Get Free Report) President Matt Mills sold 50,671 shares of the stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $22.55, for a total transaction of $1,142,631.05. Following the completion of the transaction, the president directly owned 2,017,237 shares in the company, valued at $45,488,694.35. This trade represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Matt Mills also recently made the following trade(s):

• On Thursday, October 9th, Matt Mills sold 61,279 shares of SailPoint stock. The shares were sold at an average price of $22.42, for a total transaction of $1,373,875.18.
• On Wednesday, October 8th, Matt Mills sold 51,700 shares of SailPoint stock. The shares were sold at an average price of $22.45, for a total transaction of $1,160,665.00.

SailPoint Trading Up 3.9%

Shares of NASDAQ SAIL traded up $0.87 during mid-day trading on Thursday, reaching $23.30. The company had a trading volume of 3,897,020 shares, compared to its average volume of 2,432,018. The firm has a 50 day simple moving average of $21.14 and a two-hundred day simple moving average of $20.08. 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 issued its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $243.41 million. SailPoint'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 Analysts Forecast Growth

Several analysts have recently weighed in on SAIL shares. Arete Research raised shares of SailPoint to a "strong sell" rating and set a $16.00 target price on the stock in a report on Monday, July 7th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of SailPoint in a report on Wednesday. Morgan Stanley raised shares of SailPoint from an "equal weight" rating to an "overweight" rating and set a $25.00 target price on the stock in a report on Tuesday, September 2nd. Scotiabank started coverage on shares of SailPoint in a report on Wednesday, September 3rd. They issued a "sector outperform" rating and a $25.00 target price on the stock. Finally, BMO Capital Markets lowered their target price on shares of SailPoint from $27.00 to $25.00 and set an "outperform" rating on the stock in a report on Tuesday, September 9th. One 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 given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $25.58.

Hedge Funds Weigh In On SailPoint

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Voya Investment Management LLC raised its position in 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 last quarter. Osaic Holdings Inc. raised its position in SailPoint by 60.7% during the second quarter. Osaic Holdings Inc. now owns 12,661 shares of the company's stock worth $289,000 after acquiring an additional 4,780 shares during the last quarter. Orion Porfolio Solutions LLC purchased a new stake in shares of SailPoint during the second quarter worth about $1,183,000. State of Wyoming purchased a new stake in shares of SailPoint during the second quarter worth about $45,000. Finally, Liontrust Investment Partners LLP purchased a new stake in shares of SailPoint during the second quarter worth about $4,833,000.

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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