SailPoint (NASDAQ:SAIL) President Matt Mills Sells 18,159 Shares

by · The Markets Daily

SailPoint, Inc. (NASDAQ:SAIL – Get Free Report) President Matt Mills sold 18,159 shares of the company’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $19.90, for a total value of $361,364.10. Following the completion of the sale, the president directly owned 1,864,754 shares of the company’s stock, valued at approximately $37,108,604.60. This represents a 0.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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 Tuesday, January 6th, Matt Mills sold 21,345 shares of SailPoint stock. The stock was sold at an average price of $19.23, for a total transaction of $410,464.35.

SailPoint Stock Performance

Shares of SAIL stock traded down $0.59 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 one year low of $15.05 and a one year high of $26.35. The company’s fifty day simple moving average is $19.95 and its 200 day simple moving average is $20.93. The stock has a market capitalization of $10.97 billion and a price-to-earnings ratio of -4.08.

SailPoint (NASDAQ:SAIL – Get Free Report) last posted its quarterly earnings results on Tuesday, December 9th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.02. The business had revenue of $281.94 million for the quarter, compared to analyst estimates 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 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.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SAIL. Robert W. Baird began coverage on shares of SailPoint in a report on Monday, October 27th. They issued an “outperform” rating and a $26.00 price target on the stock. BTIG Research reissued a “buy” rating and issued a $29.00 target price on shares of SailPoint in a research note on Thursday. Wolfe Research initiated coverage on SailPoint in a research report on Monday, October 20th. They set an “outperform” rating and a $27.00 price target for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of SailPoint in a research report on Monday, December 29th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of SailPoint in a report on Wednesday, December 3rd. Three investment 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 given a Sell rating to the company’s stock. According to MarketBeat, SailPoint currently has a consensus rating of “Moderate Buy” and an average price target of $26.01.

Get Our Latest Stock 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.

Read More