Abby Payne Sells 10,965 Shares of SailPoint (NASDAQ:SAIL) Stock

SailPoint, Inc. (NASDAQ:SAIL) insider Abby Payne sold 10,965 shares of the stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $19.23, for a total transaction of $210,856.95. Following the completion of the transaction, the insider owned 691,718 shares of the company’s stock, valued at $13,301,737.14. This represents a 1.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, January 8th, Abby Payne sold 3,582 shares of SailPoint stock. The stock was sold at an average price of $19.57, for a total transaction of $70,099.74.
• On Wednesday, January 7th, Abby Payne sold 9,329 shares of SailPoint stock. The shares were sold at an average price of $19.90, for a total transaction of $185,647.10.

SailPoint Stock Performance

NASDAQ:SAIL traded down $0.59 during mid-day trading on Thursday, hitting $19.54. 2,272,045 shares of the company’s stock traded hands, compared to its average volume of 1,654,826. The company has a market cap of $10.97 billion and a PE ratio of -4.08. The firm’s 50 day simple moving average is $19.95 and its 200 day simple moving average is $20.93. SailPoint, Inc. has a 1 year low of $15.05 and a 1 year high of $26.35.

SailPoint (NASDAQ:SAIL) last released its quarterly earnings results on Tuesday, December 9th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.06 by $0.02. SailPoint had a negative net margin of 30.87% and a positive return on equity of 0.16%. The business had revenue of $281.94 million for the quarter, compared to analyst estimates of $270.35 million. The firm’s quarterly revenue was up 19.8% compared to the same quarter last year. SailPoint has set its FY 2026 guidance at 0.220-0.230 EPS and its Q4 2026 guidance at 0.080-0.09 EPS.

Institutional Investors Weigh In On SailPoint

A number of large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its position in SailPoint by 3,022.4% during the second quarter. Bank of New York Mellon Corp now owns 481,908 shares of the company’s stock valued at $11,016,000 after acquiring an additional 466,474 shares during the last quarter. Voya Investment Management LLC purchased a new position in SailPoint in the 1st quarter worth $53,616,000. Allspring Global Investments Holdings LLC bought a new stake in SailPoint in the third quarter worth $26,365,000. Renaissance Capital LLC lifted its stake in SailPoint by 30.0% in the second quarter. Renaissance Capital LLC now owns 65,569 shares of the company’s stock worth $1,499,000 after purchasing an additional 15,114 shares during the last quarter. Finally, Outfitter Financial LLC purchased a new stake in SailPoint during the second quarter valued at about $320,000.

Analyst Upgrades and Downgrades

SAIL has been the topic of several research reports. Barclays cut their price objective on SailPoint from $25.00 to $23.00 and set an “overweight” rating on the stock in a research report on Thursday, December 4th. Wells Fargo & Company raised their target price on SailPoint from $20.00 to $23.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 30th. Mizuho dropped their price target on SailPoint from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, December 9th. BMO Capital Markets reissued an “outperform” rating on shares of SailPoint in a research note on Thursday, December 11th. Finally, Scotiabank reduced their target price on shares of SailPoint from $25.00 to $24.00 and set a “sector outperform” rating for the company in a research note on Wednesday, December 10th. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, SailPoint has a consensus rating of “Moderate Buy” and an average price target of $26.01.

SailPoint Company Profile

SailPoint Technologies Holdings, Inc (NASDAQ: SAIL) is a leading provider of enterprise identity governance solutions that enable organizations to manage and secure user access across on-premises, cloud and hybrid IT environments. Its software automates identity lifecycle management, access certifications, policy enforcement and privileged account governance, helping enterprises reduce security risks, maintain regulatory compliance and streamline IT operations. The company’s flagship offerings include IdentityIQ, a comprehensive on-premises platform, and IdentityNow, a cloud-native identity governance-as-a-service solution.

Founded in 2005 by industry veterans Mark McClain and Kevin Cunningham, SailPoint is headquartered in Austin, Texas.