SailPoint (NASDAQ:SAIL) President Matt Mills Sells 21,345 Shares of Stock

SailPoint, Inc. (NASDAQ:SAIL) President Matt Mills sold 21,345 shares of the company’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $19.23, for a total transaction of $410,464.35. Following the completion of the sale, the president owned 1,882,913 shares of the company’s stock, valued at approximately $36,208,416.99. The trade was a 1.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, January 8th, Matt Mills sold 13,771 shares of SailPoint stock. The stock was sold at an average price of $19.57, for a total transaction of $269,498.47.
• On Wednesday, January 7th, Matt Mills sold 18,159 shares of SailPoint stock. The shares were sold at an average price of $19.90, for a total value of $361,364.10.

SailPoint Trading Down 2.9%

Shares of SAIL opened at $19.54 on Friday. The stock has a 50 day moving average of $19.95 and a 200 day moving average of $20.93. The company has a market capitalization of $10.97 billion and a price-to-earnings ratio of -4.08. SailPoint, Inc. has a 12 month low of $15.05 and a 12 month high of $26.35.

SailPoint (NASDAQ:SAIL) last posted its quarterly earnings data on Tuesday, December 9th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.02. SailPoint had a positive return on equity of 0.16% and a negative net margin of 30.87%.The business had revenue of $281.94 million for the quarter, compared to analysts’ expectations of $270.35 million. The company’s quarterly revenue was up 19.8% on a year-over-year basis. 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

SAIL has been the subject of a number of research reports. Berenberg Bank assumed coverage on shares of SailPoint in a research report on Tuesday, November 18th. They set a “buy” rating and a $31.70 target price for the company. Baird R W raised SailPoint to a “strong-buy” rating in a report on Monday, October 27th. Weiss Ratings restated a “sell (d-)” rating on shares of SailPoint in a research note on Monday, December 29th. Mizuho cut their price target on SailPoint from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, December 9th. Finally, BTIG Research restated a “buy” rating and issued a $29.00 price objective on shares of SailPoint in a research note on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $26.01.

Hedge Funds Weigh In On SailPoint

Several hedge funds have recently made changes to their positions in SAIL. Norges Bank purchased a new stake in SailPoint during the 2nd quarter worth about $112,297,000. Voya Investment Management LLC bought a new stake in shares of SailPoint during the first quarter valued at about $53,616,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of SailPoint in the second quarter worth about $64,453,000. UBS Group AG lifted its holdings in shares of SailPoint by 116.3% in the third quarter. UBS Group AG now owns 4,128,038 shares of the company’s stock worth $91,147,000 after buying an additional 2,219,593 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in SailPoint during the third quarter valued at approximately $26,365,000.

More SailPoint News

Here are the key news stories impacting SailPoint this week:

• Positive Sentiment: BTIG reiterated a “buy” and set a $29 price target, highlighting multiple near-term catalysts and implying substantial upside versus current levels. BTIG Reaffirmation
• Positive Sentiment: MarketBeat / Market commentary argues the recent pullback lacked company-specific catalysts (no earnings miss or guidance cut) and frames the decline as market-driven — presenting a potential buying window given strong revenue growth and >$1B ARR. MarketBeat Buying-Window
• Neutral Sentiment: Other analyst commentary is mixed but not uniformly negative — Mizuho remains neutral with a $23 target and some firms keep Buy/Outperform stances; consensus still implies upside from current prices. Wall Street Coverage
• Negative Sentiment: Significant insider selling was reported Jan. 6–8: CEO, CFO, president and several senior executives sold shares across multiple days (CEO sales total ~165,891 shares across the three days; other senior execs also reduced holdings). Large, clustered insider sales are weighing on sentiment and likely contributing to the share-price decline, even though filings show insiders retain large positions. Representative SEC filing: CEO Form 4

About SailPoint

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.