Mitra Rezvan Sells 3,782 Shares of SailPoint (NASDAQ:SAIL) Stock

by · The Cerbat Gem

SailPoint, Inc. (NASDAQ:SAIL – Get Free Report) CAO Mitra Rezvan sold 3,782 shares of the firm’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $19.57, for a total transaction of $74,013.74. Following the transaction, the chief accounting officer owned 119,109 shares in the company, valued at $2,330,963.13. This represents a 3.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

  • On Wednesday, January 7th, Mitra Rezvan sold 3,821 shares of SailPoint stock. The shares were sold at an average price of $19.90, for a total transaction of $76,037.90.
  • On Tuesday, January 6th, Mitra Rezvan sold 4,491 shares of SailPoint stock. The shares were sold at an average price of $19.23, for a total transaction of $86,361.93.

SailPoint Price Performance

Shares of SailPoint stock traded down $0.59 during 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. SailPoint, Inc. has a twelve month low of $15.05 and a twelve month high of $26.35. The company has a market cap of $10.97 billion and a PE ratio of -4.08. The firm’s fifty day moving average price is $19.95 and its 200 day moving average price is $20.93.

SailPoint (NASDAQ:SAIL – Get Free Report) last released its quarterly earnings results on Tuesday, December 9th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. The business 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 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

Several large investors have recently bought and sold shares of SAIL. Aster Capital Management DIFC Ltd bought a new stake in shares of SailPoint during the 3rd quarter valued at about $31,000. Loomis Sayles & Co. L P bought a new position in SailPoint in the 2nd quarter worth $42,000. State of Wyoming bought a new position in shares of SailPoint in the second quarter worth about $45,000. Amalgamated Bank purchased a new stake in shares of SailPoint during the second quarter worth about $71,000. Finally, BNP Paribas Financial Markets purchased a new stake in shares of SailPoint during the second quarter worth about $79,000.

Analyst Upgrades and Downgrades

SAIL has been the topic of a number of research reports. Cantor Fitzgerald reiterated an “overweight” rating on shares of SailPoint in a research note on Wednesday, December 3rd. Barclays lowered their price objective on SailPoint from $25.00 to $23.00 and set an “overweight” rating for the company in a research report on Thursday, December 4th. Robert W. Baird assumed coverage on shares of SailPoint in a research report on Monday, October 27th. They issued an “outperform” rating and a $26.00 price target on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of SailPoint in a research report on Monday, December 29th. Finally, Mizuho reduced their target price on SailPoint from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, December 9th. Three analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $26.01.

View Our Latest Report on SAIL

About SailPoint

(Get Free Report)

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.

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