SailPoint (NASDAQ:SAIL) CFO Brian Carolan Sells 32,468 Shares

SailPoint, Inc. (NASDAQ:SAIL) CFO Brian Carolan sold 32,468 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $16.29, for a total value of $528,903.72. Following the completion of the sale, the chief financial officer owned 1,753,744 shares in the company, valued at approximately $28,568,489.76. This represents a 1.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Brian Carolan also recently made the following trade(s):

• On Wednesday, July 8th, Brian Carolan sold 46,002 shares of SailPoint stock. The shares were sold at an average price of $15.42, for a total value of $709,350.84.

SailPoint Stock Performance

SAIL stock traded down $0.26 during midday trading on Thursday, hitting $14.85. 5,858,299 shares of the stock were exchanged, compared to its average volume of 3,668,685. SailPoint, Inc. has a fifty-two week low of $10.30 and a fifty-two week high of $24.00. The stock has a market cap of $8.42 billion, a price-to-earnings ratio of -55.00, a PEG ratio of 1.80 and a beta of 2.20. The stock’s 50-day moving average price is $14.54 and its 200-day moving average price is $15.15.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Jefferies Financial Group downgraded shares of SailPoint from a “buy” rating to a “buy” rating in a report on Wednesday, June 17th. Wells Fargo & Company raised their price objective on shares of SailPoint from $17.00 to $19.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 10th. BTIG Research restated a “buy” rating and set a $18.00 price objective on shares of SailPoint in a research report on Tuesday, June 9th. Wolfe Research reiterated an “outperform” rating and set a $18.00 target price on shares of SailPoint in a report on Wednesday, June 10th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $23.00 price target on shares of SailPoint in a research report on Wednesday, June 17th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $20.08.

Institutional Trading of SailPoint

A number of hedge funds have recently bought and sold shares of SAIL. Polianta Ltd acquired a new position in SailPoint in the 2nd quarter valued at $1,948,000. FNY Investment Advisers LLC boosted its holdings in shares of SailPoint by 12.0% during the second quarter. FNY Investment Advisers LLC now owns 8,400 shares of the company’s stock worth $122,000 after purchasing an additional 900 shares during the last quarter. Bank of America Corp DE grew its position in shares of SailPoint by 40.1% in the first quarter. Bank of America Corp DE now owns 1,764,870 shares of the company’s stock valued at $23,367,000 after purchasing an additional 504,726 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of SailPoint by 178.4% in the first quarter. The Manufacturers Life Insurance Company now owns 105,497 shares of the company’s stock valued at $1,397,000 after purchasing an additional 67,601 shares during the period. Finally, Quantinno Capital Management LP increased its stake in SailPoint by 531.8% in the first quarter. Quantinno Capital Management LP now owns 251,770 shares of the company’s stock valued at $3,333,000 after purchasing an additional 211,922 shares during the last quarter.

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.