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

SailPoint, Inc. (NASDAQ:SAIL) CFO Brian Carolan sold 36,899 shares of the stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $22.45, for a total value of $828,382.55. Following the completion of the sale, the chief financial officer owned 1,421,327 shares of the company’s stock, valued at $31,908,791.15. This trade 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 the SEC website.

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

• On Tuesday, October 7th, Brian Carolan sold 36,165 shares of SailPoint stock. The stock was sold at an average price of $22.55, for a total value of $815,520.75.
• 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.

SailPoint Trading Down 6.7%

NASDAQ:SAIL opened at $21.73 on Friday. SailPoint, Inc. has a 52-week low of $15.05 and a 52-week high of $26.35. The stock has a 50-day simple moving average of $21.16 and a 200 day simple moving average of $20.09.

SailPoint (NASDAQ:SAIL) last posted its quarterly earnings data 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 the consensus estimate of $243.41 million. The company’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.

Institutional Trading of SailPoint

Hedge funds have recently made changes to their positions in the business. Assetmark Inc. acquired a new stake in shares of SailPoint in the first quarter valued at approximately $32,000. Loomis Sayles & Co. L P acquired a new stake in shares of SailPoint in the second quarter valued at approximately $42,000. State of Wyoming acquired a new stake in shares of SailPoint in the second quarter valued at approximately $45,000. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of SailPoint in the first quarter valued at approximately $49,000. Finally, Quarry LP acquired a new stake in shares of SailPoint in the first quarter valued at approximately $70,000.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Cantor Fitzgerald assumed coverage on SailPoint in a report on Monday, June 30th. They set an “overweight” rating and a $29.00 price objective for the company. Arete Research upgraded SailPoint to a “strong sell” rating and set a $16.00 price objective for the company in a report on Monday, July 7th. Scotiabank assumed coverage on SailPoint in a research report on Wednesday, September 3rd. They set a “sector outperform” rating and a $25.00 price target for the company. Morgan Stanley raised SailPoint from an “equal weight” rating to an “overweight” rating and set a $25.00 price target for the company in a research report on Tuesday, September 2nd. Finally, BTIG Research reissued a “buy” rating and set a $29.00 price target on shares of SailPoint in a research report on Tuesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company 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.