SailPoint (NASDAQ:SAIL) EVP Chandrasekar Gnanasambandam Sells 4,360 Shares

SailPoint, Inc. (NASDAQ:SAIL) EVP Chandrasekar Gnanasambandam sold 4,360 shares of the stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $19.90, for a total value of $86,764.00. Following the completion of the sale, the executive vice president owned 521,596 shares of the company’s stock, valued at $10,379,760.40. The trade was a 0.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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 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 Price Performance

SAIL traded down $0.59 on Thursday, reaching $19.54. 2,272,045 shares of the company traded hands, compared to its average volume of 1,654,826. SailPoint, Inc. has a 52-week low of $15.05 and a 52-week high of $26.35. The company has a market cap of $10.97 billion and a price-to-earnings ratio of -4.08. The stock’s 50 day moving average price is $19.95 and its 200-day moving average price is $20.93.

SailPoint (NASDAQ:SAIL) last posted its quarterly earnings results on Tuesday, December 9th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $281.94 million for the quarter, compared to the consensus estimate of $270.35 million. The firm’s revenue for the quarter was up 19.8% compared to the same quarter last year. SailPoint has set its FY 2026 guidance at 0.220-0.230 EPS and its Q4 2026 guidance at 0.080-0.09 EPS.

Analyst Ratings Changes

SAIL has been the topic of several research analyst reports. Scotiabank lowered their price objective 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. BTIG Research restated a “buy” rating and issued a $29.00 target price on shares of SailPoint in a research note on Thursday. Royal Bank Of Canada increased their target price on SailPoint from $24.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday. BMO Capital Markets reiterated an “outperform” rating on shares of SailPoint in a research report on Thursday, December 11th. Finally, Robert W. Baird began coverage on shares of SailPoint in a research note on Monday, October 27th. They set an “outperform” rating and a $26.00 price target for the company. 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 issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $26.01.

Hedge Funds Weigh In On SailPoint

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

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.