SailPoint (NASDAQ:SAIL) CFO Sells $528,903.72 in Stock

SailPoint, Inc. (NASDAQ:SAIL) CFO Brian Carolan sold 32,468 shares of the company’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $16.29, for a total value of $528,903.72. Following the completion of the sale, the chief financial officer directly owned 1,753,744 shares of the company’s stock, valued at approximately $28,568,489.76. This trade represents a 1.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $15.42, for a total value of $709,350.84.

SailPoint Stock Performance

NASDAQ SAIL traded down $1.14 on Friday, reaching $13.71. The stock had a trading volume of 3,361,605 shares, compared to its average volume of 4,720,288. SailPoint, Inc. has a 12-month low of $10.30 and a 12-month high of $24.00. The business’s 50-day moving average price is $14.65 and its 200 day moving average price is $15.09. The stock has a market cap of $7.78 billion, a P/E ratio of -50.78, a price-to-earnings-growth ratio of 1.53 and a beta of 2.20.

SailPoint (NASDAQ:SAIL) last posted its quarterly earnings data on Tuesday, June 9th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $280.14 million during the quarter. During the same period in the previous year, the company posted $0.01 earnings per share. SailPoint’s revenue 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 predict that SailPoint, Inc. will post 0.32 earnings per share for the current year.

More SailPoint News

Here are the key news stories impacting SailPoint this week:

• Positive Sentiment: Rosenblatt Securities initiated coverage on SailPoint with a neutral/hold rating and a $16 price target, suggesting the stock still has some upside from recent levels. Rosenblatt Securities Initiates a Hold Rating on SailPoint, Inc. (SAIL)
• Positive Sentiment: A recent earnings recap noted SailPoint has remained up since its last report, reflecting continued support from its better-than-expected quarter and raised guidance. SailPoint, Inc. (SAIL) Up 2.7% Since Last Earnings Report: Can It Continue?
• Neutral Sentiment: SailPoint’s last quarterly report beat earnings estimates and showed 21.5% revenue growth, but the market may now be focusing more on near-term sentiment and positioning than on fundamentals alone.
• Negative Sentiment: Pomerantz LLP announced an investigation on behalf of SailPoint investors, creating a legal overhang that could weigh on sentiment. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of SailPoint, Inc. – SAIL
• Negative Sentiment: Multiple insiders, including the CEO, CFO, president, general counsel, CAO, and EVP, disclosed stock sales over the past two days. The transactions were tied to 10b5-1 plans and tax withholding, but the volume of selling can still spook investors. SailPoint (SAIL) Faces Insider Resales, Is The Stock Still Cheap?

Institutional Trading of SailPoint

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada acquired a new position in shares of SailPoint during the first quarter worth about $1,146,000. Goldman Sachs Group Inc. acquired a new stake in SailPoint in the first quarter valued at about $7,546,000. JPMorgan Chase & Co. purchased a new stake in SailPoint in the 2nd quarter valued at approximately $692,000. Rhumbline Advisers purchased a new stake in SailPoint in the 2nd quarter valued at approximately $1,047,000. Finally, New York State Common Retirement Fund acquired a new position in SailPoint during the 2nd quarter worth approximately $572,000.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Barclays decreased their target price on shares of SailPoint from $22.00 to $19.00 and set an “overweight” rating for the company in a research note on Wednesday, June 10th. Truist Financial set a $18.00 price objective on SailPoint in a research note on Wednesday, June 17th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SailPoint in a research report on Wednesday, June 17th. JPMorgan Chase & Co. lowered their target price on SailPoint from $26.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, March 19th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $19.00 target price on shares of SailPoint in a report on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $20.08.

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.