Blue Trust Inc. Buys New Position in SailPoint, Inc. $SAIL

Key Points

• Blue Trust Inc. established a new position in SailPoint, Inc. by acquiring 16,213 shares valued at approximately $371,000.
• In recent insider trading, Chief Financial Officer Brian Carolan sold 84,699 shares for about $1.9 million, resulting in a 5.96% decrease in his ownership.
• Analysts have set a consensus price target of $25.58 for SailPoint, reflecting a mix of ratings including one Strong Buy, fourteen Buys, and three Holds.

Blue Trust Inc. bought a new stake in SailPoint, Inc. (NASDAQ:SAIL - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 16,213 shares of the company's stock, valued at approximately $371,000.

Several other large investors have also modified their holdings of SAIL. Assetmark Inc. acquired a new stake in SailPoint during the 1st quarter worth $32,000. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of SailPoint during the first quarter worth about $49,000. Quarry LP acquired a new stake in shares of SailPoint during the first quarter worth about $70,000. Picton Mahoney Asset Management acquired a new stake in SailPoint during the 1st quarter worth approximately $87,000. Finally, PNC Financial Services Group Inc. acquired a new stake in SailPoint during the 1st quarter worth approximately $150,000.

Insider Buying and Selling at SailPoint

In related news, General Counsel Christopher Schmitt sold 34,186 shares of SailPoint stock in a transaction that occurred on Thursday, October 9th. The stock was sold at an average price of $22.42, for a total transaction of $766,450.12. Following the completion of the transaction, the general counsel directly owned 1,069,864 shares in the company, valued at $23,986,350.88. The trade was a 3.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Brian Carolan sold 84,699 shares of the business's stock in a transaction on Thursday, October 9th. The stock was sold at an average price of $22.42, for a total value of $1,898,951.58. Following the completion of the transaction, the chief financial officer directly owned 1,336,628 shares of the company's stock, valued at approximately $29,967,199.76. This trade represents a 5.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,018,004 shares of company stock worth $22,871,647.

Analysts Set New Price Targets

SAIL has been the subject of a number of recent research reports. Mizuho increased their price objective on SailPoint from $24.00 to $25.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 30th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of SailPoint in a report on Wednesday, October 8th. Morgan Stanley upgraded shares of SailPoint from an "equal weight" rating to an "overweight" rating and set a $25.00 target price for the company in a research note on Tuesday, September 2nd. BMO Capital Markets reduced their target price on shares of SailPoint from $27.00 to $25.00 and set an "outperform" rating for the company in a research note on Tuesday, September 9th. Finally, Scotiabank assumed coverage on shares of SailPoint in a research report on Wednesday, September 3rd. They issued a "sector outperform" rating and a $25.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, SailPoint currently has an average rating of "Moderate Buy" and a consensus price target of $25.58.

SailPoint Stock Up 0.9%

Shares of SAIL stock opened at $21.92 on Tuesday. The stock has a fifty day moving average price of $21.19 and a 200 day moving average price of $20.09. SailPoint, Inc. has a 1 year low of $15.05 and a 1 year high of $26.35.

SailPoint (NASDAQ:SAIL - Get Free Report) last issued its quarterly earnings data on Tuesday, September 9th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.03. The firm had revenue of $264.36 million for the quarter, compared to analyst estimates of $243.41 million. The firm's revenue was up 32.9% compared to the same quarter last year. SailPoint has set its FY 2026 guidance at 0.200-0.220 EPS. Q3 2026 guidance at 0.050-0.06 EPS.

SailPoint Company Profile

SailPoint, Inc delivers solutions to enable comprehensive identity security for the enterprise. Its solutions enable organizations to establish, control, and automate policies that help them define and maintain a robust security posture and achieve regulatory compliance. The company was founded by Mark David McClain in 2005 and is headquartered in Austin, TX.

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