SailPoint (NASDAQ:SAIL) Stock: Insider Mitra Rezvan Sells 2,596 Shares

SailPoint, Inc. (NASDAQ:SAIL) CAO Mitra Rezvan sold 2,596 shares of the business’s stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $20.36, for a total transaction of $52,854.56. Following the sale, the chief accounting officer owned 178,831 shares of the company’s stock, valued at $3,640,999.16. This represents a 1.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Thursday, October 8th, Mitra Rezvan sold 1,168 shares of SailPoint stock. The shares were sold at an average price of $20.00, for a total transaction of $23,360.00.
• On Wednesday, October 7th, Mitra Rezvan sold 4,491 shares of SailPoint stock. The stock was sold at an average price of $19.71, for a total transaction of $88,517.61.
• On Thursday, August 13th, Mitra Rezvan sold 1,214 shares of SailPoint stock. The shares were sold at an average price of $20.00, for a total transaction of $24,280.00.

SailPoint Price Performance

NASDAQ SAIL opened at $20.77 on Friday. SailPoint, Inc. has a 1 year low of $10.30 and a 1 year high of $23.89. The company has a market capitalization of $11.86 billion, a PE ratio of -61.09, a P/E/G ratio of 2.12 and a beta of 2.15. The company has a fifty day moving average of $19.38 and a two-hundred day moving average of $15.87.

SailPoint (NASDAQ:SAIL) last posted its earnings results on Wednesday, September 9th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. SailPoint had a positive return on equity of 2.44% and a negative net margin of 16.92%. The business had revenue of $308.81 million for the quarter. During the same quarter last year, the firm posted ($0.02) EPS. The firm’s revenue for the quarter was up 17.0% on a year-over-year basis. SailPoint has set its FY 2027 guidance at 0.300-0.340 EPS and its Q3 2027 guidance at 0.070-0.080 EPS. On average, research analysts expect that SailPoint, Inc. will post 0.33 earnings per share for the current year.

SailPoint News Summary

Here are the key news stories impacting SailPoint this week:

• Positive Sentiment: Cantor Fitzgerald raised its price target to $27 from $25 and maintained an “overweight” rating. The firm cited potential expansion of SailPoint’s addressable market, providing a positive catalyst for the stock. Cantor Fitzgerald price-target report
• Positive Sentiment: Recent analyst actions remain favorable. Robert W. Baird raised its target to $25 and assigned an “outperform” rating, while Oppenheimer initiated coverage with an “outperform” rating and a $30 target, pointing to SailPoint’s potential role in securing AI-agent identities. Oppenheimer coverage report
• Positive Sentiment: Post-earnings momentum has continued. SailPoint has risen 13.5% since its latest earnings report, which included earnings of $0.09 per share versus an $0.08 consensus estimate and 17% year-over-year revenue growth to $308.81 million. Zacks post-earnings analysis
• Positive Sentiment: SailPoint updated its identity-security platform, potentially strengthening its competitive position as demand grows for governance and protection of digital identities, including those used by AI systems. Platform update
• Neutral Sentiment: Amerx initiated coverage with a “hold” rating, providing a more cautious counterpoint to the recent bullish recommendations. Amerx coverage report
• Negative Sentiment: Several senior executives, including the CEO, CFO, president and other officers, sold shares. The transactions were made under pre-arranged Rule 10b5-1 plans to cover tax obligations on vested equity awards, and executives retained substantial holdings, reducing—but not eliminating—the bearish signal.

Institutional Investors Weigh In On SailPoint

Several institutional investors have recently modified their holdings of the company. Gables Capital Management Inc. purchased a new stake in SailPoint during the second quarter worth $29,000. Northwestern Mutual Wealth Management Co. purchased a new position in SailPoint during the 2nd quarter valued at about $50,000. State of Wyoming acquired a new position in SailPoint during the second quarter worth about $56,000. Legal & General Group Plc purchased a new stake in shares of SailPoint in the second quarter valued at about $94,000. Finally, FNY Investment Advisers LLC grew its position in shares of SailPoint by 12.0% in the second quarter. FNY Investment Advisers LLC now owns 8,400 shares of the company’s stock valued at $122,000 after purchasing an additional 900 shares during the last quarter.

Analysts Set New Price Targets

SAIL has been the topic of a number of research reports. Robert W. Baird raised their target price on shares of SailPoint from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Thursday. Cantor Fitzgerald increased their price target on shares of SailPoint from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday. TD Cowen reissued a “buy” rating on shares of SailPoint in a research report on Wednesday, September 9th. Evercore restated an “outperform” rating on shares of SailPoint in a research note on Thursday, September 10th. Finally, Barclays upped their target price on shares of SailPoint from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, September 10th. Twenty equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $22.20.

SailPoint Company Profile

SailPoint, Inc (NASDAQ:SAIL) is an identity security company that helps organizations manage and protect digital identities and access to applications, data, and other technology resources. Its software is designed to help enterprises determine who should have access to specific resources, enforce access policies, and identify and address inappropriate or excessive access.

The company’s offerings include its cloud-based identity security platform, which supports identity governance, access management, lifecycle automation, compliance, and analytics.