Brian Carolan Sells 15,234 Shares of SailPoint (NASDAQ:SAIL) Stock

SailPoint, Inc. (NASDAQ:SAIL) CFO Brian Carolan sold 15,234 shares of the business’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $19.23, for a total value of $292,949.82. Following the sale, the chief financial officer owned 1,321,394 shares in the company, valued at approximately $25,410,406.62. The trade was a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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 value of $599,585.66.
• On Wednesday, January 7th, Brian Carolan sold 12,961 shares of SailPoint stock. The stock was sold at an average price of $19.90, for a total value of $257,923.90.

SailPoint Stock Performance

NASDAQ SAIL traded down $0.59 during trading hours on Thursday, reaching $19.54. The company’s stock had a trading volume of 2,272,045 shares, compared to its average volume of 1,654,826. The company’s 50-day moving average is $19.95 and its two-hundred day moving average is $20.93. SailPoint, Inc. has a fifty-two week low of $15.05 and a fifty-two week high of $26.35. The stock has a market cap of $10.97 billion and a PE ratio of -4.08.

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

Analysts Set New Price Targets

SAIL has been the topic of several recent research reports. Wolfe Research began coverage on SailPoint in a research report on Monday, October 20th. They issued an “outperform” rating and a $27.00 price objective on the stock. Wells Fargo & Company upped their target price on shares of SailPoint from $20.00 to $23.00 and gave the company an “equal weight” rating in a report on Tuesday, September 30th. 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 target for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of SailPoint in a research report on Monday, December 29th. Finally, Royal Bank Of Canada raised their target price on shares of SailPoint from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, SailPoint presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.01.

Hedge Funds Weigh In On SailPoint

Hedge funds and other institutional investors have recently modified their holdings of the company. Aster Capital Management DIFC Ltd purchased a new stake in SailPoint during the 3rd quarter worth approximately $31,000. Loomis Sayles & Co. L P acquired a new stake in shares of SailPoint during the second quarter worth approximately $42,000. State of Wyoming bought a new stake in shares of SailPoint in the second quarter worth $45,000. Amalgamated Bank acquired a new stake in SailPoint in the second quarter valued at $71,000. Finally, BNP Paribas Financial Markets bought a new position in SailPoint during the 2nd quarter valued at $79,000.

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.