SailPoint (NASDAQ:SAIL) CFO Sells $815,520.75 in Stock

Key Points

• SailPoint CFO Brian Carolan sold 36,165 shares for $815,520.75, reducing his ownership by 2.42%. He now holds 1,458,226 shares valued at approximately $32.9 million.
• The company's stock increased by 3.9% to $23.30, with a trading volume of nearly 3.9 million shares surpassing its average volume.
• SailPoint reported quarterly earnings of $0.07 per share, exceeding estimates, and projected a fiscal year 2026 guidance between $0.200 and $0.220 EPS.

SailPoint, Inc. (NASDAQ:SAIL - Get Free Report) CFO Brian Carolan sold 36,165 shares of the company's stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $22.55, for a total value of $815,520.75. Following the sale, the chief financial officer owned 1,458,226 shares of the company's stock, valued at $32,882,996.30. This trade represents a 2.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through 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 stock was sold at an average price of $22.42, for a total value of $1,898,951.58.
• On Wednesday, October 8th, Brian Carolan sold 36,899 shares of SailPoint stock. The stock was sold at an average price of $22.45, for a total value of $828,382.55.

SailPoint Stock Up 3.9%

SAIL stock traded up $0.87 during midday trading on Thursday, hitting $23.30. The company's stock had a trading volume of 3,897,020 shares, compared to its average volume of 2,432,018. The stock's 50-day moving average price is $21.14 and its 200 day moving average price is $20.08. 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 posted its quarterly earnings data on Tuesday, September 9th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.03. The business had revenue of $264.36 million during the quarter, compared to analysts' expectations of $243.41 million. SailPoint'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.

Institutional Trading of SailPoint

A number of hedge funds and other institutional investors have recently made changes to their positions in SAIL. Assetmark Inc. bought a new stake in shares of SailPoint during the 1st quarter valued at $32,000. Loomis Sayles & Co. L P bought a new stake in shares of SailPoint during the 2nd quarter valued at $42,000. State of Wyoming bought a new stake in shares of SailPoint during the 2nd quarter valued at $45,000. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of SailPoint during the 1st quarter valued at $49,000. Finally, Quarry LP bought a new stake in shares of SailPoint during the 1st quarter valued at $70,000.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Royal Bank Of Canada reissued an "outperform" rating and issued a $29.00 price objective (up previously from $27.00) on shares of SailPoint in a research report on Thursday, June 12th. Morgan Stanley raised SailPoint from an "equal weight" rating to an "overweight" rating and set a $25.00 price target on the stock in a research report on Tuesday, September 2nd. Cantor Fitzgerald initiated coverage on SailPoint in a research report on Monday, June 30th. They set an "overweight" rating and a $29.00 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 report on Tuesday, September 9th. Finally, Wells Fargo & Company upped their price target on SailPoint from $20.00 to $23.00 and gave the company an "equal weight" rating in a research report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, SailPoint presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.58.

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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