Insider Selling: SailPoint (NASDAQ:SAIL) CFO Sells 46,002 Shares

SailPoint, Inc. (NASDAQ:SAIL) CFO Brian Carolan sold 46,002 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $15.42, for a total transaction of $709,350.84. Following the completion of the transaction, the chief financial officer directly owned 1,707,742 shares in the company, valued at approximately $26,333,381.64. The trade was a 2.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 Tuesday, July 7th, Brian Carolan sold 32,468 shares of SailPoint stock. The stock was sold at an average price of $16.29, for a total transaction of $528,903.72.

SailPoint Price Performance

Shares of SailPoint stock traded down $0.26 on Thursday, hitting $14.85. 5,858,299 shares of the company’s stock traded hands, compared to its average volume of 3,668,685. The firm’s 50-day moving average price is $14.54 and its two-hundred day moving average price is $15.15. The stock has a market capitalization of $8.42 billion, a PE ratio of -55.00, a price-to-earnings-growth ratio of 1.80 and a beta of 2.20. SailPoint, Inc. has a one year low of $10.30 and a one year high of $24.00.

SailPoint (NASDAQ:SAIL) last posted its quarterly earnings results on Tuesday, June 9th. The company reported $0.05 earnings per share (EPS) for the quarter, topping 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 for the quarter. During the same quarter in the prior year, the business earned $0.01 earnings per share. The firm’s revenue for the quarter was up 21.5% on a year-over-year basis. 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, analysts forecast that SailPoint, Inc. will post 0.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SailPoint

Hedge funds have recently modified their holdings of the business. Polianta Ltd acquired a new position in shares of SailPoint in the 2nd quarter valued at approximately $1,948,000. FNY Investment Advisers LLC raised its holdings in SailPoint by 12.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 8,400 shares of the company’s stock worth $122,000 after buying an additional 900 shares during the period. Bank of America Corp DE raised its holdings in SailPoint by 40.1% during the 1st quarter. Bank of America Corp DE now owns 1,764,870 shares of the company’s stock worth $23,367,000 after buying an additional 504,726 shares during the period. The Manufacturers Life Insurance Company raised its holdings in SailPoint by 178.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 105,497 shares of the company’s stock worth $1,397,000 after buying an additional 67,601 shares during the period. Finally, Quantinno Capital Management LP lifted its stake in SailPoint by 531.8% in the first quarter. Quantinno Capital Management LP now owns 251,770 shares of the company’s stock valued at $3,333,000 after buying an additional 211,922 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts have issued reports on SAIL shares. Wells Fargo & Company raised their target price on SailPoint from $17.00 to $19.00 and gave the stock an “overweight” rating in a report on Wednesday, June 10th. Jefferies Financial Group downgraded shares of SailPoint from a “buy” rating to a “buy” rating in a research report on Wednesday, June 17th. Truist Financial set a $18.00 price objective on shares of SailPoint in a research note on Wednesday, June 17th. Mizuho set a $16.00 price objective on shares of SailPoint in a report on Wednesday, June 10th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of SailPoint in a research note on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $20.08.

SailPoint Company Profile

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.