Chandrasekar Gnanasambandam Sells 19,540 Shares of SailPoint (NASDAQ:SAIL) Stock

SailPoint, Inc. (NASDAQ:SAIL) EVP Chandrasekar Gnanasambandam sold 19,540 shares of SailPoint stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $15.42, for a total value of $301,306.80. Following the sale, the executive vice president directly owned 934,508 shares of the company’s stock, valued at approximately $14,410,113.36. This represents a 2.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 Tuesday, July 7th, Chandrasekar Gnanasambandam sold 14,878 shares of SailPoint stock. The shares were sold at an average price of $16.29, for a total value of $242,362.62.

SailPoint Trading Down 1.7%

Shares of SAIL stock traded down $0.26 during mid-day trading on Thursday, reaching $14.85. The stock had a trading volume of 5,858,314 shares, compared to its average volume of 3,668,685. SailPoint, Inc. has a 1-year low of $10.30 and a 1-year high of $24.00. The firm 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. The business’s fifty day moving average is $14.54 and its 200-day moving average is $15.15.

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

Analyst Upgrades and Downgrades

SAIL has been the subject of several research reports. JPMorgan Chase & Co. decreased their price objective on shares of SailPoint from $26.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, March 19th. Stephens reiterated an “overweight” rating and issued a $20.00 price objective on shares of SailPoint in a research note on Wednesday, June 17th. Mizuho set a $16.00 target price on shares of SailPoint in a report on Wednesday, June 10th. Truist Financial set a $18.00 target price on shares of SailPoint in a research report on Wednesday, June 17th. Finally, Scotiabank reaffirmed a “sector outperform” rating and issued a $19.00 price target (up from $16.00) on shares of SailPoint in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, SailPoint currently has an average rating of “Moderate Buy” and an average price target of $20.08.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SAIL. Norges Bank acquired a new position in SailPoint in the fourth quarter valued at approximately $234,681,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in SailPoint in the 2nd quarter worth approximately $64,453,000. UBS Group AG grew its stake in shares of SailPoint by 116.3% during the 3rd quarter. UBS Group AG now owns 4,128,038 shares of the company’s stock worth $91,147,000 after purchasing an additional 2,219,593 shares during the period. Artisan Partners Limited Partnership acquired a new stake in shares of SailPoint during the 4th quarter worth approximately $35,203,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of SailPoint during the 4th quarter valued at approximately $20,778,000.

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.