SailPoint (NASDAQ:SAIL) EVP Sells $242,362.62 in Stock

SailPoint, Inc. (NASDAQ:SAIL) EVP Chandrasekar Gnanasambandam sold 14,878 shares of the business’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $16.29, for a total transaction of $242,362.62. Following the transaction, the executive vice president owned 954,048 shares in the company, valued at $15,541,441.92. This represents a 1.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.

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

• On Wednesday, July 8th, Chandrasekar Gnanasambandam sold 19,540 shares of SailPoint stock. The stock was sold at an average price of $15.42, for a total value of $301,306.80.

SailPoint Stock Performance

Shares of NASDAQ SAIL traded down $0.26 during mid-day trading on Thursday, hitting $14.85. 5,858,314 shares of the stock traded hands, compared to its average volume of 3,668,685. The stock has a fifty day moving average price of $14.54 and a 200-day moving average price of $15.15. The company has a market cap of $8.42 billion, a price-to-earnings ratio of -55.00, a PEG ratio of 1.80 and a beta of 2.20. SailPoint, Inc. has a 52 week low of $10.30 and a 52 week high of $24.00.

SailPoint (NASDAQ:SAIL) last issued its quarterly earnings results on Tuesday, June 9th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. The company had revenue of $280.14 million during the quarter. SailPoint had a negative net margin of 14.04% and a positive return on equity of 2.31%. The firm’s revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.01 earnings per share. SailPoint has set its Q2 2027 guidance at 0.070-0.080 EPS and its FY 2027 guidance at 0.300-0.340 EPS. As a group, sell-side analysts predict that SailPoint, Inc. will post 0.32 EPS for the current fiscal year.

Hedge Funds Weigh In On SailPoint

Large investors have recently made changes to their positions in the business. Norges Bank bought a new position in SailPoint in the 4th quarter worth approximately $234,681,000. OFI Invest Asset Management lifted its position in shares of SailPoint by 79.6% in the fourth quarter. OFI Invest Asset Management now owns 905,653 shares of the company’s stock worth $18,321,000 after buying an additional 401,431 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in SailPoint by 22.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,412,578 shares of the company’s stock worth $26,768,000 after acquiring an additional 255,720 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of SailPoint by 215.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 95,616 shares of the company’s stock valued at $2,111,000 after acquiring an additional 65,329 shares during the last quarter. Finally, Maridea Wealth Management LLC purchased a new stake in SailPoint during the fourth quarter valued at $1,816,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SAIL. Rosenblatt Securities began coverage on shares of SailPoint in a research note on Wednesday. They issued a “neutral” rating and a $16.00 target price on the stock. BMO Capital Markets reaffirmed an “outperform” rating on shares of SailPoint in a report on Wednesday, June 10th. BTIG Research reaffirmed a “buy” rating and issued a $18.00 target price on shares of SailPoint in a research report on Tuesday, June 9th. Wolfe Research reiterated an “outperform” rating and set a $18.00 price objective on shares of SailPoint in a research report on Wednesday, June 10th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SailPoint in a research report on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $20.08.

SailPoint Company Profile

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.