SailPoint (NASDAQ:SAIL) CFO Brian Carolan Sells 30,638 Shares

SailPoint, Inc. (NASDAQ:SAIL) CFO Brian Carolan sold 30,638 shares of the stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $19.57, for a total transaction of $599,585.66. Following the transaction, the chief financial officer directly owned 1,277,795 shares in the company, valued at $25,006,448.15. This trade represents a 2.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, January 7th, Brian Carolan sold 12,961 shares of SailPoint stock. The shares were sold at an average price of $19.90, for a total value of $257,923.90.
• 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 value of $292,949.82.

SailPoint Price Performance

Shares of NASDAQ:SAIL traded down $0.59 during trading on Thursday, reaching $19.54. 2,272,045 shares of the stock were exchanged, compared to its average volume of 1,654,826. The stock has a fifty day moving average of $19.95 and a two-hundred day moving average of $20.93. SailPoint, Inc. has a 1-year low of $15.05 and a 1-year high of $26.35. The firm has a market cap of $10.97 billion and a price-to-earnings ratio of -4.08.

SailPoint (NASDAQ:SAIL) last announced its quarterly earnings results on Tuesday, December 9th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $270.35 million. The business’s revenue for the quarter 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.

Institutional Investors Weigh In On SailPoint

Several institutional investors have recently added to or reduced their stakes in the business. Comerica Bank bought a new position in shares of SailPoint in the first quarter worth approximately $175,000. Royal Bank of Canada purchased a new position in SailPoint in the 1st quarter worth approximately $1,146,000. Goldman Sachs Group Inc. purchased a new stake in shares of SailPoint during the 1st quarter valued at $7,546,000. Zimmer Partners LP purchased a new stake in shares of SailPoint during the 1st quarter valued at $1,969,000. Finally, Woodline Partners LP bought a new stake in shares of SailPoint during the 1st quarter worth $8,032,000.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SAIL. Royal Bank Of Canada raised their target price on SailPoint from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Monday. BTIG Research restated a “buy” rating and set a $29.00 price objective on shares of SailPoint in a research note on Thursday. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of SailPoint in a report on Wednesday, December 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of SailPoint in a research note on Monday, December 29th. Finally, Berenberg Bank began coverage on shares of SailPoint in a research report on Tuesday, November 18th. They set a “buy” rating and a $31.70 price target on the stock. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, SailPoint has a consensus rating of “Moderate Buy” and a consensus price target of $26.01.

SailPoint Company Profile

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.