Matt Mills Sells 21,345 Shares of SailPoint (NASDAQ:SAIL) Stock

SailPoint, Inc. (NASDAQ:SAIL) President Matt Mills sold 21,345 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $19.23, for a total transaction of $410,464.35. Following the transaction, the president owned 1,882,913 shares of the company’s stock, valued at approximately $36,208,416.99. The trade was a 1.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Matt Mills also recently made the following trade(s):

• On Thursday, January 8th, Matt Mills sold 13,771 shares of SailPoint stock. The shares were sold at an average price of $19.57, for a total transaction of $269,498.47.
• On Wednesday, January 7th, Matt Mills sold 18,159 shares of SailPoint stock. The stock was sold at an average price of $19.90, for a total transaction of $361,364.10.

SailPoint Stock Up 0.7%

Shares of NASDAQ SAIL opened at $19.67 on Friday. The company has a market capitalization of $11.05 billion and a PE ratio of -4.11. SailPoint, Inc. has a twelve month low of $15.05 and a twelve month high of $26.35. The firm has a fifty day simple moving average of $19.91 and a 200 day simple moving average of $20.91.

SailPoint (NASDAQ:SAIL) last issued its quarterly earnings results on Tuesday, December 9th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. SailPoint had a negative net margin of 30.87% and a positive return on equity of 0.16%. The business had revenue of $281.94 million for the quarter, compared to analysts’ expectations of $270.35 million. The company’s revenue for the quarter 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.

Key SailPoint News

Here are the key news stories impacting SailPoint this week:

• Positive Sentiment: BTIG reaffirmed a “buy” and raised its emphasis on near-term catalysts, issuing a $29 price target that implies meaningful upside versus current levels — a direct bullish signal for momentum and investor confidence. BTIG Reaffirmation
• Positive Sentiment: MarketBeat and other commentary framed the recent pullback as market-driven (not due to an earnings miss or guidance cut), positioning the decline as a potential buying window given SailPoint’s strong revenue growth and >$1B ARR profile. That narrative supports short-term buying interest. MarketBeat Buying-Window
• Neutral Sentiment: Coverage remains mixed but constructive overall — several firms maintain Buy/Outperform ratings and analysts’ targets still imply upside (consensus target ~ $26), while a few houses remain cautious. This keeps analyst-driven volatility possible but not uniformly negative. Wall Street Coverage
• Neutral Sentiment: Benzinga summarized seven analyst projections for SailPoint, providing varied near-term views — useful context for relative targets but not an immediate catalyst on its own. Benzinga Analyst Projections
• Negative Sentiment: Clustered insider selling from Jan. 6–8 — including the CEO, CFO, President and other senior execs selling sizeable blocks over multiple days — is the biggest near-term headwind. Large, concurrent Form 4 filings weigh on sentiment even though filings show insiders retain large positions; investors often interpret concentrated sales as caution or liquidity events. Representative SEC filing (CEO sales): CEO Form 4
• Negative Sentiment: Smaller insider sell notices (e.g., Abby Payne) were also reported and aggregated in media/filings, reinforcing the perception of executive selling pressure. These individual disclosures amplify the broader selling narrative. Abby Payne Sale

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada lifted their target price on SailPoint from $24.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday. Wells Fargo & Company lifted their price objective on shares of SailPoint from $20.00 to $23.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 30th. Barclays dropped their target price on shares of SailPoint from $25.00 to $23.00 and set an “overweight” rating on the stock in a research report on Thursday, December 4th. Weiss Ratings restated a “sell (d-)” rating on shares of SailPoint in a report on Monday, December 29th. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of SailPoint in a report on Wednesday, December 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, SailPoint has a consensus rating of “Moderate Buy” and a consensus target price of $26.01.

Institutional Trading of SailPoint

Several hedge funds have recently bought and sold shares of SAIL. Bank of New York Mellon Corp grew its holdings in shares of SailPoint by 3,022.4% during the second quarter. Bank of New York Mellon Corp now owns 481,908 shares of the company’s stock valued at $11,016,000 after buying an additional 466,474 shares during the last quarter. Voya Investment Management LLC acquired a new stake in shares of SailPoint in the 1st quarter worth about $53,616,000. Allspring Global Investments Holdings LLC bought a new position in SailPoint in the 3rd quarter valued at about $26,365,000. Renaissance Capital LLC boosted its stake in SailPoint by 30.0% during the 2nd quarter. Renaissance Capital LLC now owns 65,569 shares of the company’s stock valued at $1,499,000 after purchasing an additional 15,114 shares during the last quarter. Finally, Outfitter Financial LLC bought a new stake in SailPoint during the 2nd quarter worth approximately $320,000.

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.