Have Insiders Sold SailPoint Shares Recently?

We wouldn't blame SailPoint, Inc. (NASDAQ:SAIL) shareholders if they were a little worried about the fact that Mark McClain, the Founder recently netted about US$11m selling shares at an average price of US$22.47. However, it's crucial to note that they remain very much invested in the stock and that sale only reduced their holding by 6.0%.

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SailPoint Insider Transactions Over The Last Year

Notably, that recent sale by Mark McClain is the biggest insider sale of SailPoint shares that we've seen in the last year. That means that an insider was selling shares at around the current price of US$21.90. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

Insiders in SailPoint didn't buy any shares in the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

View our latest analysis for SailPoint

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Does SailPoint Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. SailPoint insiders own 2.5% of the company, currently worth about US$300m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Do The SailPoint Insider Transactions Indicate?

Insiders sold SailPoint shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. It is good to see high insider ownership, but the insider selling leaves us cautious. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing SailPoint. While conducting our analysis, we found that SailPoint has 2 warning signs and it would be unwise to ignore them.

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.