SailPoint (NASDAQ:SAIL) Stock: Insider Brian Carolan Sells 28,539 Shares

SailPoint, Inc. (NASDAQ:SAIL) CFO Brian Carolan sold 28,539 shares of the stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $20.36, for a total value of $581,054.04. Following the completion of the sale, the chief financial officer directly owned 1,679,203 shares of the company’s stock, valued at $34,188,573.08. The trade was a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 Wednesday, October 7th, Brian Carolan sold 52,822 shares of SailPoint stock. The shares were sold at an average price of $19.71, for a total transaction of $1,041,121.62.

SailPoint Trading Up 2.2%

SAIL stock traded up $0.44 on Thursday, hitting $20.02. The company’s stock had a trading volume of 4,281,696 shares, compared to its average volume of 3,855,229. The stock has a market cap of $11.43 billion, a price-to-earnings ratio of -58.88, a price-to-earnings-growth ratio of 2.19 and a beta of 2.15. The firm has a 50 day moving average of $19.22 and a two-hundred day moving average of $15.78. SailPoint, Inc. has a 1 year low of $10.30 and a 1 year high of $23.89.

SailPoint (NASDAQ:SAIL) last issued its quarterly earnings data on Wednesday, September 9th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. The company had revenue of $308.81 million for the quarter. SailPoint had a negative net margin of 16.92% and a positive return on equity of 2.44%. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.02) earnings per share. SailPoint has set its FY 2027 guidance at 0.300-0.340 EPS and its Q3 2027 guidance at 0.070-0.080 EPS. As a group, equities analysts forecast that SailPoint, Inc. will post 0.33 EPS for the current fiscal year.

Trending Headlines about SailPoint

Here are the key news stories impacting SailPoint this week:

• Positive Sentiment: Analyst price targets moved higher. Robert W. Baird raised its target from $22 to $25 and maintained an “outperform” rating. Oppenheimer also initiated coverage with an “outperform” rating and a $30 target, implying substantial upside from recent trading levels.
• Positive Sentiment: AI identity-security opportunity is attracting attention. Recent coverage highlighted the widening gap between enterprise AI-agent adoption and identity-security controls. SailPoint executives and analysts argue that AI agents require stronger permissions management, monitoring and the ability to quickly revoke access, potentially creating a new growth market for the company. SailPoint Well-Positioned for Critical Role in AI Agent Identity Security
• Positive Sentiment: Wall Street sentiment is favorable. SailPoint is now covered by Oppenheimer with an “outperform” rating, while broader analyst opinion is characterized as a “moderate buy.” SailPoint Stock Rated Moderate Buy by Wall Street Analysts
• Neutral Sentiment: Multiple insider sales were reported. General Counsel Christopher Schmitt, EVP Chandrasekar Gnanasambandam and insider Abby Payne collectively sold shares in transactions dated October 6–7. The filings state that all sales were conducted under pre-arranged Rule 10b5-1 plans to cover tax withholding tied to vested equity awards, reducing their significance as a bearish signal. The executives continue to hold substantial positions.

Institutional Investors Weigh In On SailPoint

A number of hedge funds have recently added to or reduced their stakes in the company. Wasatch Advisors LP acquired a new position in SailPoint during the 2nd quarter worth approximately $66,173,000. BlackRock Inc. purchased a new position in shares of SailPoint during the 2nd quarter worth approximately $65,050,000. Freestone Grove Partners LP acquired a new stake in shares of SailPoint in the 2nd quarter valued at approximately $21,266,000. Bamco Inc. NY acquired a new stake in shares of SailPoint in the 2nd quarter valued at approximately $15,914,000. Finally, Bank of America Corp DE purchased a new stake in shares of SailPoint in the second quarter valued at approximately $15,661,000.

Wall Street Analyst Weigh In

SAIL has been the topic of several recent research reports. Oppenheimer assumed coverage on SailPoint in a research report on Wednesday. They issued an “outperform” rating and a $30.00 price target on the stock. Roth Capital reaffirmed a “buy” rating and set a $21.00 price objective (up from $19.00) on shares of SailPoint in a research report on Thursday, September 10th. Wolfe Research reiterated an “outperform” rating and issued a $18.00 target price on shares of SailPoint in a research note on Wednesday, June 10th. Scotiabank reissued an “outperform” rating on shares of SailPoint in a report on Monday. Finally, Bank of America upped their price target on SailPoint from $19.00 to $22.00 and gave the stock a “neutral” rating in a research note on Friday, September 18th. Twenty research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $22.11.

SailPoint Company Profile

SailPoint, Inc (NASDAQ:SAIL) is an identity security company that helps organizations manage and protect digital identities and access to applications, data, and other technology resources. Its software is designed to help enterprises determine who should have access to specific resources, enforce access policies, and identify and address inappropriate or excessive access.

The company’s offerings include its cloud-based identity security platform, which supports identity governance, access management, lifecycle automation, compliance, and analytics.