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

SailPoint, Inc. (NASDAQ:SAIL) CFO Brian Carolan sold 32,468 shares of the stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $16.29, for a total transaction of $528,903.72. Following the transaction, the chief financial officer owned 1,753,744 shares of the company’s stock, valued at $28,568,489.76. The trade was a 1.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through 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 Down 1.7%

SAIL stock opened at $14.85 on Friday. The company has a market cap of $8.42 billion, a price-to-earnings 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 two-hundred day moving average price of $15.10.

SailPoint (NASDAQ:SAIL) last announced its quarterly earnings data 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. The company had revenue of $280.14 million for the quarter. SailPoint had a positive return on equity of 2.31% and a negative net margin of 14.04%.The company’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.01 EPS. 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, equities research analysts anticipate that SailPoint, Inc. will post 0.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on SAIL. Mizuho set a $16.00 price objective on shares of SailPoint in a report on Wednesday, June 10th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $19.00 target price on shares of SailPoint in a report on Wednesday, June 10th. Royal Bank Of Canada reissued an “outperform” rating and issued a $19.00 price target on shares of SailPoint in a report on Wednesday, June 17th. Stephens restated an “overweight” rating and set a $20.00 price objective on shares of SailPoint in a research report on Wednesday, June 17th. Finally, Jefferies Financial Group cut SailPoint from a “buy” rating to a “buy” rating in a report on Wednesday, June 17th. One equities 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, SailPoint currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.08.

Hedge Funds Weigh In On SailPoint

A number of hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada acquired a new position in SailPoint in the 1st quarter valued at $1,146,000. Goldman Sachs Group Inc. acquired a new stake in shares of SailPoint during the 1st quarter worth $7,546,000. JPMorgan Chase & Co. bought a new position in shares of SailPoint in the second quarter worth $692,000. Rhumbline Advisers bought a new position in shares of SailPoint in the second quarter worth $1,047,000. Finally, New York State Common Retirement Fund acquired a new position in SailPoint in the second quarter valued at about $572,000.

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.