SailPoint’s Schmitt sells $2m in shares

Published 10/10/2025, 00:30
SailPoint’s Schmitt sells $2m in shares

Christopher Schmitt, General Counsel and Secretary at SailPoint, Inc. (NASDAQ:SAIL), sold 91,294 shares of common stock between October 7 and October 9, 2025. The sales, executed in multiple transactions, resulted in total proceeds of approximately $2,051,488. According to InvestingPro data, SailPoint’s stock, currently trading at $23.30, has shown strong momentum with a 30.75% gain over the past six months, despite the company’s Fair Value indicating it may be overvalued.

On October 7, Schmitt sold 17,499 shares at a weighted average price of $22.1332, with individual prices ranging from $21.815 to $22.81, and an additional 10,768 shares at a weighted average price of $23.2369, in a range of $22.84 to $23.755.

On October 8, Schmitt sold 23,435 shares at a weighted average price of $22.3403, with prices ranging from $21.79 to $22.785, and a further 5,406 shares at a weighted average price of $22.9103, in a range of $22.79 to $23.09.

On October 9, Schmitt sold 34,186 shares at a weighted average price of $22.4234, with prices ranging from $21.85 to $22.82.

Following these transactions, Schmitt directly owns 1,069,864 shares of SailPoint, Inc. common stock. For deeper insights into SailPoint’s financial health, which InvestingPro rates as FAIR, and access to comprehensive analysis including 12+ key financial metrics and expert ProTips, consider exploring the full Pro Research Report. The sales were executed pursuant to a mandatory sell-to-cover provision in the Reporting Person’s underlying Restricted Stock Unit Agreement for the satisfaction of tax withholding obligations in connection with the vesting of restricted stock units.

In other recent news, SailPoint Technologies has made significant strides in enhancing its Identity Security Cloud platform. The company announced new capabilities focusing on non-employee risk management and machine identity security, including integration with Microsoft Entra Verified ID for improved onboarding processes. This development aligns with the company’s broader strategy to expand its identity security offerings, as discussed at their Navigate 2025 user conference.

During the conference, SailPoint unveiled new products such as Agent Identity Security and an enhanced Atlas Enterprise platform, drawing attention from investment firms. Truist Securities reiterated its Buy rating with a $29 price target, citing these product innovations as key growth drivers. Similarly, TD Cowen maintained its Buy rating and a $30 price target, highlighting SailPoint’s potential to capitalize on growth opportunities in the identity and access management market.

Meanwhile, Mizuho maintained a Neutral rating with a $25 price target, emphasizing the strengths of SailPoint’s Identity Governance and Administration platform. The investment firm noted the company’s potential to benefit from advancements in agentic AI. These developments reflect SailPoint’s ongoing efforts to strengthen its position in the competitive identity security sector.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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