SailPoint (NASDAQ:SAIL) CFO Brian Carolan Sells 36,899 Shares

Key Points

• SailPoint CFO Brian Carolan sold 36,899 shares of the company's stock on October 8th for approximately $828,382, reducing his ownership by 2.53% to 1,421,327 shares.
• The company's stock has seen significant trading activity, with shares trading up to $23.30 recently, compared to a 52-week range of $15.05 to $26.35.
• Analysts have given SailPoint a consensus rating of "Moderate Buy" with an average target price of $25.58, indicating positive market sentiment.

SailPoint, Inc. (NASDAQ:SAIL - Get Free Report) CFO Brian Carolan sold 36,899 shares of SailPoint stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $22.45, for a total transaction of $828,382.55. Following the sale, the chief financial officer owned 1,421,327 shares in the company, valued at approximately $31,908,791.15. This represents a 2.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, October 9th, Brian Carolan sold 84,699 shares of SailPoint stock. The shares were sold at an average price of $22.42, for a total transaction of $1,898,951.58.

SailPoint Price Performance

Shares of NASDAQ SAIL traded up $0.87 during midday trading on Thursday, reaching $23.30. 3,897,020 shares of the company traded hands, compared to its average volume of 2,234,699. SailPoint, Inc. has a 52 week low of $15.05 and a 52 week high of $26.35. The stock has a 50-day moving average price of $21.12 and a 200 day moving average price of $20.05.

SailPoint (NASDAQ:SAIL - Get Free Report) last released its earnings results on Tuesday, September 9th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 quarterly 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.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Barclays lifted their price target on SailPoint from $23.00 to $25.00 and gave the stock an "overweight" rating in a research note on Thursday, June 12th. Scotiabank assumed coverage on SailPoint in a research note on Wednesday, September 3rd. They issued a "sector outperform" rating and a $25.00 price target on the stock. BMO Capital Markets dropped their price target on SailPoint from $27.00 to $25.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 9th. Stephens raised SailPoint to a "strong-buy" rating in a research note on Tuesday, August 12th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating on shares of SailPoint in a research note on Wednesday, June 11th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $25.58.

Institutional Investors Weigh In On SailPoint

Several large investors have recently made changes to their positions in SAIL. Stephens Investment Management Group LLC bought a new stake in shares of SailPoint in the 1st quarter valued at approximately $23,213,000. Allianz Asset Management GmbH bought a new stake in shares of SailPoint in the 1st quarter valued at approximately $3,496,000. GW&K Investment Management LLC bought a new stake in shares of SailPoint in the 1st quarter valued at approximately $2,173,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in SailPoint during the first quarter worth approximately $1,683,000. Finally, Assetmark Inc. bought a new stake in SailPoint during the first quarter worth approximately $32,000.

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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