SailPoint (NASDAQ:SAIL) General Counsel Christopher Schmitt Sells 23,367 Shares of Stock

SailPoint, Inc. (NASDAQ:SAIL) General Counsel Christopher Schmitt sold 23,367 shares of the business’s stock in a transaction on Wednesday, October 7th. The shares were sold at an average price of $19.71, for a total value of $460,563.57. Following the transaction, the general counsel owned 1,268,311 shares of the company’s stock, valued at approximately $24,998,409.81. The trade was a 1.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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.

Christopher Schmitt also recently made the following trade(s):

• On Tuesday, October 6th, Christopher Schmitt sold 21,043 shares of SailPoint stock. The stock was sold at an average price of $20.36, for a total transaction of $428,435.48.

SailPoint Stock Up 2.2%

SAIL stock traded up $0.44 during trading on Thursday, hitting $20.02. The company had a trading volume of 4,281,068 shares, compared to its average volume of 3,855,227. SailPoint, Inc. has a 52-week low of $10.30 and a 52-week high of $23.89. The company has a 50 day simple moving average of $19.22 and a 200-day simple moving average of $15.78. The firm has a market capitalization of $11.43 billion, a P/E ratio of -58.88, a PEG ratio of 2.19 and a beta of 2.15.

SailPoint (NASDAQ:SAIL) last issued 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. The business had revenue of $308.81 million for the quarter. SailPoint had a negative net margin of 16.92% and a positive return on equity of 2.44%. The business’s revenue was up 17.0% compared to the same quarter last year. During the same period last year, the business posted ($0.02) earnings per share. SailPoint has set its FY 2027 guidance at 0.300-0.340 EPS and its Q3 2027 guidance at 0.070-0.080 EPS. Sell-side analysts forecast that SailPoint, Inc. will post 0.33 earnings per share for the current year.

Key SailPoint News

Here are the key news stories impacting SailPoint this week:

• Positive Sentiment: Robert W. Baird raised its price target from $22 to $25 and reiterated an “outperform” rating. The new target implies approximately 24.7% upside from the referenced share price, providing a fresh catalyst for the stock. Source: Benzinga and The Fly.
• Positive Sentiment: Oppenheimer initiated coverage with an “outperform” rating and a $30 price target, implying roughly 49% upside. The firm believes SailPoint is well positioned to address identity-security needs created by the rapid adoption of AI agents. Oppenheimer initiates coverage of SailPoint with outperform rating
• Positive Sentiment: Additional coverage highlights a large gap between enterprise AI-agent adoption and identity-security protections. That gap could expand SailPoint’s addressable market as businesses seek controls for agent permissions, access and “kill switch” capabilities. SailPoint’s 40x Gap — Enterprise AI Agent Adoption Has Outrun Identity Security by a Factor of 40
• Positive Sentiment: Scotiabank commentary also points to further upside potential, while broader Wall Street sentiment currently rates SAIL as a “moderate buy.” SailPoint Stock Price Expected to Rise, Scotiabank Analyst Says
• Neutral Sentiment: SailPoint’s Navigate keynote emphasized eliminating standing privileges and applying tighter controls to AI-agent identities, reinforcing the company’s strategic positioning but not representing a reported financial result or contract win. SailPoint Navigate keynote coverage

Wall Street Analyst Weigh In

A number of research analysts have commented on SAIL shares. Truist Financial raised their target price on shares of SailPoint from $23.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, September 24th. Mizuho set a $19.00 price objective on shares of SailPoint in a research note on Wednesday, September 9th. Robert W. Baird lifted their price objective on shares of SailPoint from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Thursday. BMO Capital Markets reaffirmed a “buy” rating and set a $21.00 target price on shares of SailPoint in a research report on Thursday, September 10th. Finally, Evercore reissued an “outperform” rating on shares of SailPoint in a research report on Thursday, September 10th. Twenty research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $22.11.

Hedge Funds Weigh In On SailPoint

Hedge funds and other institutional investors have recently modified their holdings of the business. FNY Investment Advisers LLC lifted its position in 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 buying an additional 900 shares during the last quarter. Outfitters Financial LLC lifted its stake in SailPoint by 4.8% during the second quarter. Outfitters Financial LLC now owns 41,175 shares of the company’s stock worth $603,000 after purchasing an additional 1,900 shares in the last quarter. Gables Capital Management Inc. acquired a new stake in shares of SailPoint in the second quarter valued at $29,000. Handelsbanken Fonder AB raised its holdings in shares of SailPoint by 13.9% in the 2nd quarter. Handelsbanken Fonder AB now owns 18,000 shares of the company’s stock valued at $264,000 after buying an additional 2,200 shares during the period. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in SailPoint in the 2nd quarter valued at about $50,000.

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.