Mitra Rezvan Sells 1,214 Shares of SailPoint (NASDAQ:SAIL) Stock

SailPoint, Inc. (NASDAQ:SAIL) CAO Mitra Rezvan sold 1,214 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $20.00, for a total value of $24,280.00. Following the completion of the sale, the chief accounting officer directly owned 181,427 shares in the company, valued at approximately $3,628,540. The trade was a 0.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, July 8th, Mitra Rezvan sold 3,881 shares of SailPoint stock. The shares were sold at an average price of $15.42, for a total value of $59,845.02.
• On Tuesday, July 7th, Mitra Rezvan sold 2,954 shares of SailPoint stock. The shares were sold at an average price of $16.29, for a total transaction of $48,120.66.
• On Monday, June 1st, Mitra Rezvan sold 7,487 shares of SailPoint stock. The stock was sold at an average price of $20.00, for a total transaction of $149,740.00.

SailPoint Price Performance

Shares of SAIL stock opened at $19.53 on Friday. The firm’s 50-day simple moving average is $15.49 and its 200-day simple moving average is $14.58. SailPoint, Inc. has a 1-year low of $10.30 and a 1-year high of $24.00. The firm has a market cap of $11.08 billion, a P/E ratio of -72.33, a PEG ratio of 2.17 and a beta of 2.08.

SailPoint (NASDAQ:SAIL) last released its earnings results on Tuesday, June 9th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. The firm had revenue of $280.14 million during the quarter. SailPoint had a negative net margin of 14.04% and a positive return on equity of 2.31%. SailPoint’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.01 earnings per share. SailPoint has set its Q2 2027 guidance at 0.070-0.080 EPS and its FY 2027 guidance at 0.300-0.340 EPS. Analysts expect that SailPoint, Inc. will post 0.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on SAIL shares. Wells Fargo & Company increased their target price on SailPoint from $17.00 to $19.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 10th. The Goldman Sachs Group reissued a “neutral” rating and set a $19.00 price target on shares of SailPoint in a research report on Wednesday, June 10th. Roth Capital assumed coverage on SailPoint in a research note on Wednesday, May 20th. They set a “buy” rating and a $19.00 price target for the company. BTIG Research restated a “buy” rating and issued a $18.00 price objective on shares of SailPoint in a report on Tuesday, June 9th. Finally, Weiss Ratings raised SailPoint from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $20.08.

Hedge Funds Weigh In On SailPoint

A number of hedge funds have recently made changes to their positions in SAIL. Norges Bank purchased a new stake in shares of SailPoint in the fourth quarter worth about $234,681,000. Wasatch Advisors LP purchased a new stake in shares of SailPoint during the 2nd quarter valued at about $66,173,000. The Manufacturers Life Insurance Company raised its holdings in shares of SailPoint by 178.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 105,497 shares of the company’s stock valued at $1,397,000 after buying an additional 67,601 shares during the period. Stephens Investment Management Group LLC lifted its position in SailPoint by 14.2% during the 4th quarter. Stephens Investment Management Group LLC now owns 1,917,324 shares of the company’s stock worth $38,787,000 after acquiring an additional 237,829 shares in the last quarter. Finally, Polianta Ltd acquired a new position in SailPoint during the 2nd quarter worth approximately $1,948,000.

About SailPoint

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.