SailPoint (NASDAQ:SAIL) EVP Chandrasekar Gnanasambandam Sells 5,124 Shares

SailPoint, Inc. (NASDAQ:SAIL) EVP Chandrasekar Gnanasambandam sold 5,124 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $19.23, for a total value of $98,534.52. Following the completion of the transaction, the executive vice president owned 525,956 shares in the company, valued at approximately $10,114,133.88. This trade represents a 0.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, January 8th, Chandrasekar Gnanasambandam sold 4,245 shares of SailPoint stock. The stock was sold at an average price of $19.57, for a total value of $83,074.65.
• 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 transaction of $86,764.00.

SailPoint Stock Performance

Shares of NASDAQ SAIL traded down $0.59 during mid-day trading on Thursday, reaching $19.54. The company’s stock had a trading volume of 2,272,045 shares, compared to its average volume of 1,654,826. The stock has a 50-day moving average of $19.95 and a two-hundred day moving average of $20.93. The stock has a market capitalization of $10.97 billion and a P/E ratio of -4.08. SailPoint, Inc. has a 1-year low of $15.05 and a 1-year high of $26.35.

SailPoint (NASDAQ:SAIL) last announced its quarterly earnings data on Tuesday, December 9th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.02. SailPoint had a negative net margin of 30.87% and a positive return on equity of 0.16%. The company had revenue of $281.94 million during the quarter, compared to analysts’ expectations of $270.35 million. The company’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.

Wall Street Analysts Forecast Growth

SAIL has been the subject of several recent analyst reports. Robert W. Baird assumed coverage on shares of SailPoint in a research report on Monday, October 27th. They set an “outperform” rating and a $26.00 price objective for the company. Wolfe Research started coverage on shares of SailPoint in a research note on Monday, October 20th. They issued an “outperform” rating and a $27.00 price target for the company. Mizuho cut 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. Barclays decreased their target price on shares of SailPoint from $25.00 to $23.00 and set an “overweight” rating on the stock in a research report on Thursday, December 4th. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of SailPoint in a research report on Wednesday, December 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $26.01.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd purchased a new position in shares of SailPoint in the 3rd quarter valued at about $31,000. Loomis Sayles & Co. L P acquired a new stake in shares of SailPoint during the second quarter worth about $42,000. State of Wyoming purchased a new stake in shares of SailPoint in the 2nd quarter valued at about $45,000. Amalgamated Bank acquired a new position in SailPoint during the second quarter worth approximately $71,000. Finally, BNP Paribas Financial Markets purchased a new stake in SailPoint in the second quarter valued at approximately $79,000.

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.