SailPoint (NASDAQ:SAIL) EVP Sells $609,241.08 in Stock

SailPoint, Inc. (NASDAQ:SAIL) EVP Chandrasekar Gnanasambandam sold 27,174 shares of the company’s stock in a transaction on Thursday, October 9th. The stock was sold at an average price of $22.42, for a total transaction of $609,241.08. Following the completion of the transaction, the executive vice president directly owned 531,080 shares in the company, valued at $11,906,813.60. This trade represents a 4.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Wednesday, October 8th, Chandrasekar Gnanasambandam sold 12,911 shares of SailPoint stock. The stock was sold at an average price of $22.45, for a total transaction of $289,851.95.
• On Tuesday, October 7th, Chandrasekar Gnanasambandam sold 12,654 shares of SailPoint stock. The stock was sold at an average price of $22.55, for a total transaction of $285,347.70.

SailPoint Stock Down 6.7%

NASDAQ SAIL opened at $21.73 on Friday. SailPoint, Inc. has a 1-year low of $15.05 and a 1-year high of $26.35. The firm’s fifty day simple moving average is $21.16 and its 200-day simple moving average is $20.09.

SailPoint (NASDAQ:SAIL) last posted its quarterly earnings results on Tuesday, September 9th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. The company had revenue of $264.36 million during the quarter, compared to analyst estimates of $243.41 million. The firm’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 Investors Weigh In On SailPoint

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. acquired a new stake in shares of SailPoint in the first quarter valued at about $94,194,000. Norges Bank acquired a new stake in shares of SailPoint in the second quarter valued at about $112,297,000. Voya Investment Management LLC grew its position in shares of SailPoint by 10.1% in the third quarter. Voya Investment Management LLC now owns 4,309,070 shares of the company’s stock valued at $95,144,000 after purchasing an additional 395,287 shares during the last quarter. Alliancebernstein L.P. acquired a new stake in shares of SailPoint in the first quarter valued at about $55,644,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in SailPoint during the second quarter worth about $64,453,000.

Wall Street Analyst Weigh In

Several equities analysts have commented on SAIL shares. Stephens raised shares of SailPoint to a “strong-buy” rating in a research report on Tuesday, August 12th. Morgan Stanley raised shares of SailPoint from an “equal weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a research report on Tuesday, September 2nd. Mizuho increased their target price on shares of SailPoint from $24.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 30th. Scotiabank started coverage on shares of SailPoint in a research report on Wednesday, September 3rd. They set a “sector outperform” rating and a $25.00 target price on the stock. Finally, Arete Research raised shares of SailPoint to a “strong sell” rating and set a $16.00 target price on the stock in a research report on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.