Insider Selling: SailPoint (NASDAQ:SAIL) CFO Sells 12,961 Shares of Stock

SailPoint, Inc. (NASDAQ:SAIL) CFO Brian Carolan sold 12,961 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $19.90, for a total value of $257,923.90. Following the transaction, the chief financial officer directly owned 1,308,433 shares in the company, valued at $26,037,816.70. This trade represents a 0.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Thursday, January 8th, Brian Carolan sold 30,638 shares of SailPoint stock. The shares were sold at an average price of $19.57, for a total transaction of $599,585.66.
• On Tuesday, January 6th, Brian Carolan sold 15,234 shares of SailPoint stock. The shares were sold at an average price of $19.23, for a total transaction of $292,949.82.

SailPoint Price Performance

SAIL traded down $0.59 during trading hours on Thursday, reaching $19.54. 2,272,045 shares of the stock traded hands, compared to its average volume of 1,654,826. SailPoint, Inc. has a fifty-two week low of $15.05 and a fifty-two week high of $26.35. The company has a market cap of $10.97 billion and a price-to-earnings ratio of -4.08. The firm’s fifty day simple moving average is $19.95 and its two-hundred day simple moving average is $20.93.

SailPoint (NASDAQ:SAIL) last announced its earnings results on Tuesday, December 9th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. The business had revenue of $281.94 million for the quarter, compared to analyst estimates of $270.35 million. SailPoint had a positive return on equity of 0.16% and a negative net margin of 30.87%.The firm’s revenue was up 19.8% on a year-over-year basis. SailPoint has set its FY 2026 guidance at 0.220-0.230 EPS and its Q4 2026 guidance at 0.080-0.09 EPS.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Berenberg Bank started coverage on shares of SailPoint in a report on Tuesday, November 18th. They set a “buy” rating and a $31.70 price objective for the company. Robert W. Baird began coverage on SailPoint in a report on Monday, October 27th. They issued an “outperform” rating and a $26.00 price objective for the company. Barclays reduced their target price on SailPoint from $25.00 to $23.00 and set an “overweight” rating on the stock in a report on Thursday, December 4th. BMO Capital Markets reiterated an “outperform” rating on shares of SailPoint in a report on Thursday, December 11th. Finally, Baird R W upgraded SailPoint to a “strong-buy” rating in a research note on Monday, October 27th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $26.01.

Hedge Funds Weigh In On SailPoint

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. increased its position in SailPoint by 4.2% in the 3rd quarter. Blue Trust Inc. now owns 16,886 shares of the company’s stock valued at $373,000 after acquiring an additional 673 shares during the period. Essex Financial Services Inc. grew its stake in shares of SailPoint by 7.8% in the third quarter. Essex Financial Services Inc. now owns 13,157 shares of the company’s stock worth $291,000 after purchasing an additional 947 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of SailPoint in the third quarter worth $31,000. Oppenheimer Asset Management Inc. increased its holdings in shares of SailPoint by 3.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 46,895 shares of the company’s stock valued at $1,072,000 after purchasing an additional 1,510 shares during the period. Finally, Loomis Sayles & Co. L P bought a new stake in shares of SailPoint during the second quarter valued at about $42,000.

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.