Mitra Rezvan Sells 3,821 Shares of SailPoint (NASDAQ:SAIL) Stock

SailPoint, Inc. (NASDAQ:SAIL) CAO Mitra Rezvan sold 3,821 shares of the company’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $19.90, for a total transaction of $76,037.90. Following the completion of the sale, the chief accounting officer directly owned 122,891 shares in the company, valued at approximately $2,445,530.90. The trade was a 3.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Mitra Rezvan also recently made the following trade(s):

• On Thursday, January 8th, Mitra Rezvan sold 3,782 shares of SailPoint stock. The shares were sold at an average price of $19.57, for a total value of $74,013.74.
• On Tuesday, January 6th, Mitra Rezvan sold 4,491 shares of SailPoint stock. The stock was sold at an average price of $19.23, for a total transaction of $86,361.93.

SailPoint Stock Performance

SAIL traded down $0.59 during midday trading on Thursday, hitting $19.54. The company had a trading volume of 2,272,045 shares, compared to its average volume of 1,654,826. The company has a market capitalization 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 twelve month low of $15.05 and a twelve month high of $26.35.

SailPoint (NASDAQ:SAIL) last released its 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. The company had revenue of $281.94 million during the quarter, compared to analysts’ expectations of $270.35 million. SailPoint had a positive return on equity of 0.16% and a negative net margin of 30.87%.The firm’s revenue for the quarter 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.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SAIL shares. Wells Fargo & Company raised their target price on shares of SailPoint from $20.00 to $23.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 30th. Scotiabank cut their price objective on shares of SailPoint from $25.00 to $24.00 and set a “sector outperform” rating on the stock in a report on Wednesday, December 10th. Baird R W raised shares of SailPoint to a “strong-buy” rating in a research note on Monday, October 27th. Barclays dropped their target price on shares of SailPoint from $25.00 to $23.00 and set an “overweight” rating for the company in a research report on Thursday, December 4th. Finally, Mizuho reduced their price target on SailPoint from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 9th. 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, SailPoint currently has an average rating of “Moderate Buy” and a consensus price target of $26.01.

Hedge Funds Weigh In On SailPoint

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp boosted its holdings in shares of SailPoint by 3,022.4% in 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 buying an additional 466,474 shares during the period. Voya Investment Management LLC bought a new stake in SailPoint in the 1st quarter valued at $53,616,000. Allspring Global Investments Holdings LLC acquired a new position in SailPoint in the 3rd quarter worth $26,365,000. Renaissance Capital LLC boosted its stake in SailPoint by 30.0% in the 2nd 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 period. Finally, Outfitter Financial LLC bought a new position in SailPoint during the 2nd quarter worth about $320,000.

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.