Schmitt Christopher, an insider at SailPoint Inc (SAIL), sold 1,143,659 shares of the company on October 6, 2025, at a price of $22.13 per share. The total value of the transaction amounted to $25.31 million. Following this sale, Schmitt retains 1,143,659 shares of the company.
SailPoint, headquartered in Austin, Texas, provides a comprehensive identity security platform for enterprises. The company employs 2,738 full-time staff and went public on February 13, 2025. Its solutions encompass various identity types, including employee and machine identities, and it offers deployment options such as Identity Security Cloud and IdentityIQ.
With a market capitalization of $10.3 billion, SailPoint has an earnings per share (EPS) of -0.64. Upcoming earnings are scheduled for March 19, 2026, with an estimated EPS of $0.08 and revenue of $296.5 million.
Insider transactions like this one must be reported to the SEC, providing transparency into executive stock movements. However, such sales may occur for various reasons unrelated to the company’s performance, including personal financial needs or tax planning. Investors are encouraged to consider broader patterns of insider activity rather than isolated transactions when assessing these signals.