SailPoint (NASDAQ:SAIL) CFO Brian Carolan Sells 46,002 Shares

SailPoint, Inc. (NASDAQ:SAIL) CFO Brian Carolan sold 46,002 shares of the stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $15.42, for a total transaction of $709,350.84. Following the sale, the chief financial officer directly owned 1,707,742 shares in the company, valued at approximately $26,333,381.64. The trade was a 2.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 Tuesday, July 7th, Brian Carolan sold 32,468 shares of SailPoint stock. The shares were sold at an average price of $16.29, for a total value of $528,903.72.

SailPoint Stock Down 1.7%

Shares of SailPoint stock opened at $14.85 on Friday. The firm has a market cap of $8.42 billion, a PE ratio of -55.00, a P/E/G ratio of 1.68 and a beta of 2.20. SailPoint, Inc. has a twelve month low of $10.30 and a twelve month high of $24.00. The business has a 50-day moving average price of $14.60 and a 200 day moving average price of $15.10.

SailPoint (NASDAQ:SAIL) last issued its quarterly earnings results on Tuesday, June 9th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $280.14 million for the quarter. During the same quarter in the prior year, the company posted $0.01 EPS. The business’s revenue for the quarter 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. On average, sell-side analysts expect that SailPoint, Inc. will post 0.32 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Palladiem LLC acquired a new position in shares of SailPoint during the 4th quarter worth approximately $42,000. Kestra Advisory Services LLC purchased a new position in SailPoint during the fourth quarter worth approximately $42,000. State of Wyoming purchased a new stake in SailPoint in the 2nd quarter valued at $45,000. CWM LLC grew its holdings in SailPoint by 315.6% in the 4th quarter. CWM LLC now owns 2,656 shares of the company’s stock valued at $54,000 after buying an additional 2,017 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of SailPoint by 208.2% in the 4th quarter. Farther Finance Advisors LLC now owns 3,070 shares of the company’s stock worth $62,000 after acquiring an additional 2,074 shares during the last quarter.

Wall Street Analyst Weigh In

SAIL has been the topic of several recent analyst reports. BMO Capital Markets reaffirmed an “outperform” rating on shares of SailPoint in a report on Wednesday, June 10th. Wolfe Research restated an “outperform” rating and set a $18.00 price target on shares of SailPoint in a research report on Wednesday, June 10th. JPMorgan Chase & Co. decreased their price target on shares of SailPoint from $26.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, March 19th. Roth Capital began coverage on SailPoint in a report on Wednesday, May 20th. They issued a “buy” rating and a $19.00 price objective on the stock. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $19.00 price objective on shares of SailPoint in a report on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.08.

SailPoint News Roundup

Here are the key news stories impacting SailPoint this week:

• Positive Sentiment: Rosenblatt Securities initiated coverage with a neutral/hold stance and a $16 price target, implying modest upside from recent trading levels. Rosenblatt Securities Initiates a Hold Rating on SailPoint, Inc. (SAIL)
• Positive Sentiment: A separate note highlighted that SailPoint has been up since its last earnings report, suggesting the company’s recent financial results still support the stock. SailPoint, Inc. (SAIL) Up 2.7% Since Last Earnings Report: Can It Continue?
• Neutral Sentiment: The company remains in the spotlight after reporting quarterly earnings that beat estimates and raised guidance, which continues to shape investor expectations.
• Negative Sentiment: Pomerantz LLP said it is investigating claims on behalf of SailPoint investors, which can add legal overhang and uncertainty. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of SailPoint, Inc. – SAIL
• Negative Sentiment: Multiple executives and insiders disclosed stock sales, including the CEO, CFO, president, general counsel, CAO, EVP, and another insider. While the sales were tied to Rule 10b5-1 plans and tax withholding, the volume of selling may still worry investors about near-term sentiment. SailPoint (SAIL) Faces Insider Resales, Is The Stock Still Cheap?

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.