SailPoint (NASDAQ:SAIL) EVP Sells $289,851.95 in Stock

SailPoint, Inc. (NASDAQ:SAIL) EVP Chandrasekar Gnanasambandam sold 12,911 shares of SailPoint stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $22.45, for a total value of $289,851.95. Following the sale, the executive vice president directly owned 558,254 shares of the company’s stock, valued at approximately $12,532,802.30. This trade represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Chandrasekar Gnanasambandam also recently made the following trade(s):

• On Thursday, October 9th, Chandrasekar Gnanasambandam sold 27,174 shares of SailPoint stock. The shares were sold at an average price of $22.42, for a total value of $609,241.08.
• On Tuesday, October 7th, Chandrasekar Gnanasambandam sold 12,654 shares of SailPoint stock. The shares were sold at an average price of $22.55, for a total value of $285,347.70.

SailPoint Trading Down 6.7%

NASDAQ SAIL opened at $21.73 on Friday. The stock has a 50-day simple moving average of $21.16 and a 200 day simple moving average of $20.09. SailPoint, Inc. has a 12 month low of $15.05 and a 12 month high of $26.35.

SailPoint (NASDAQ:SAIL) last released its quarterly earnings data on Tuesday, September 9th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. The company had revenue of $264.36 million during 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.

Analyst Ratings Changes

SAIL has been the subject of a number of recent analyst reports. Mizuho upped their price objective on SailPoint from $24.00 to $25.00 and gave the company a “neutral” rating in a report on Tuesday, September 30th. JPMorgan Chase & Co. upgraded SailPoint from a “neutral” rating to an “overweight” rating and set a $26.00 price target for the company in a report on Wednesday, August 13th. Scotiabank started coverage on SailPoint in a report on Wednesday, September 3rd. They issued a “sector outperform” rating and a $25.00 price target for the company. Wells Fargo & Company increased their price target on SailPoint from $20.00 to $23.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 30th. Finally, Cantor Fitzgerald started coverage on SailPoint in a report on Monday, June 30th. They issued an “overweight” rating and a $29.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $25.58.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Voya Investment Management LLC boosted its position in shares of SailPoint by 10.1% during the third quarter. Voya Investment Management LLC now owns 4,309,070 shares of the company’s stock worth $95,144,000 after buying an additional 395,287 shares during the period. Osaic Holdings Inc. boosted its position in shares of SailPoint by 60.7% during the second quarter. Osaic Holdings Inc. now owns 12,661 shares of the company’s stock worth $289,000 after buying an additional 4,780 shares during the period. Orion Porfolio Solutions LLC acquired a new position in shares of SailPoint during the second quarter worth about $1,183,000. State of Wyoming acquired a new position in shares of SailPoint during the second quarter worth about $45,000. Finally, Liontrust Investment Partners LLP acquired a new position in shares of SailPoint during the second quarter worth about $4,833,000.

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.