SailPoint (NASDAQ:SAIL) Stock: Insider Mitra Rezvan Sells 4,491 Shares

SailPoint, Inc. (NASDAQ:SAIL) CAO Mitra Rezvan sold 4,491 shares of the firm’s stock in a transaction on Wednesday, October 7th. The stock was sold at an average price of $19.71, for a total transaction of $88,517.61. Following the completion of the transaction, the chief accounting officer directly owned 174,340 shares of the company’s stock, valued at approximately $3,436,241.40. This represents a 2.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 Tuesday, October 6th, Mitra Rezvan sold 2,596 shares of SailPoint stock. The shares were sold at an average price of $20.36, for a total value of $52,854.56.
• On Thursday, August 13th, Mitra Rezvan sold 1,214 shares of SailPoint stock. The stock was sold at an average price of $20.00, for a total value of $24,280.00.

SailPoint Price Performance

Shares of SAIL stock opened at $20.77 on Friday. The business has a fifty day moving average of $19.38 and a 200 day moving average of $15.87. SailPoint, Inc. has a 1 year low of $10.30 and a 1 year high of $23.89. The firm has a market capitalization of $11.86 billion, a price-to-earnings ratio of -61.09, a price-to-earnings-growth ratio of 2.12 and a beta of 2.15.

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

Institutional Investors Weigh In On SailPoint

Several institutional investors have recently bought and sold shares of SAIL. Wasatch Advisors LP acquired a new stake in shares of SailPoint in the second quarter valued at about $66,173,000. BlackRock Inc. purchased a new stake in SailPoint in the 2nd quarter valued at $65,050,000. Stephens Investment Management Group LLC increased its stake in shares of SailPoint by 51.0% in the 1st quarter. Stephens Investment Management Group LLC now owns 2,895,700 shares of the company’s stock worth $38,339,000 after acquiring an additional 978,376 shares during the last quarter. Bank of America Corp DE increased its stake in shares of SailPoint by 40.1% in the 1st quarter. Bank of America Corp DE now owns 1,764,870 shares of the company’s stock worth $23,367,000 after acquiring an additional 504,726 shares during the last quarter. Finally, Freestone Grove Partners LP purchased a new position in shares of SailPoint during the 2nd quarter worth $21,266,000.

More SailPoint News

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.

Wall Street Analysts Forecast Growth

SAIL has been the subject of a number of recent research reports. Roth Capital reissued a “buy” rating and set a $21.00 price target (up from $19.00) on shares of SailPoint in a research report on Thursday, September 10th. Wells Fargo & Company increased their price objective on shares of SailPoint from $19.00 to $22.00 and gave the stock an “overweight” rating in a research note on Monday, August 17th. Scotiabank reissued an “outperform” rating on shares of SailPoint in a report on Monday. BTIG Research reissued a “buy” rating and set a $21.00 target price on shares of SailPoint in a report on Wednesday, September 9th. Finally, Weiss Ratings upgraded shares of SailPoint from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, August 13th. Twenty investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $22.20.

About SailPoint

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.