Insider Selling: SailPoint (NASDAQ:SAIL) EVP Sells 4,245 Shares of Stock

SailPoint, Inc. (NASDAQ:SAIL) EVP Chandrasekar Gnanasambandam sold 4,245 shares of the firm’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $19.57, for a total value of $83,074.65. Following the sale, the executive vice president owned 517,351 shares of the company’s stock, valued at $10,124,559.07. The trade was a 0.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Wednesday, January 7th, Chandrasekar Gnanasambandam sold 4,360 shares of SailPoint stock. The stock was sold at an average price of $19.90, for a total value of $86,764.00.
• On Tuesday, January 6th, Chandrasekar Gnanasambandam sold 5,124 shares of SailPoint stock. The stock was sold at an average price of $19.23, for a total transaction of $98,534.52.

SailPoint Stock Performance

Shares of NASDAQ:SAIL traded down $0.59 during midday trading on Thursday, reaching $19.54. 2,272,045 shares of the company’s stock were exchanged, compared to its average volume of 1,654,826. The firm has a market capitalization of $10.97 billion and a PE ratio of -4.08. The company’s 50 day simple moving average is $19.95 and its two-hundred day simple moving average is $20.93. SailPoint, Inc. has a 12 month low of $15.05 and a 12 month high of $26.35.

SailPoint (NASDAQ:SAIL) last issued its quarterly earnings data on Tuesday, December 9th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. The firm had revenue of $281.94 million for the quarter, compared to analyst estimates of $270.35 million. SailPoint had a negative net margin of 30.87% and a positive return on equity of 0.16%. The business’s quarterly revenue was up 19.8% on a year-over-year basis. SailPoint has set its FY 2026 guidance at 0.220-0.230 EPS and its Q4 2026 guidance at 0.080-0.09 EPS.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SAIL. Aster Capital Management DIFC Ltd acquired a new position in shares of SailPoint during the third quarter valued at about $31,000. Loomis Sayles & Co. L P bought a new position in shares of SailPoint during the second quarter valued at about $42,000. State of Wyoming purchased a new position in SailPoint during the second quarter worth about $45,000. Amalgamated Bank bought a new stake in shares of SailPoint during the 2nd quarter worth $71,000. Finally, BNP Paribas Financial Markets bought a new position in shares of SailPoint during the 2nd quarter valued at approximately $79,000.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Mizuho reduced their price objective on SailPoint from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, December 9th. Royal Bank Of Canada boosted their target price on SailPoint from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday. Wolfe Research began coverage on shares of SailPoint in a research note on Monday, October 20th. They set an “outperform” rating and a $27.00 price objective for the company. Scotiabank decreased their price target on shares of SailPoint from $25.00 to $24.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, December 10th. Finally, Baird R W raised SailPoint to a “strong-buy” rating in a research report on Monday, October 27th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $26.01.

About SailPoint

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.