SailPoint (NASDAQ:SAIL) EVP Sells $285,347.70 in Stock

SailPoint, Inc. (NASDAQ:SAIL) EVP Chandrasekar Gnanasambandam sold 12,654 shares of the business’s stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $22.55, for a total value of $285,347.70. Following the completion of the transaction, the executive vice president owned 571,165 shares in the company, valued at $12,879,770.75. The trade was a 2.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, October 9th, Chandrasekar Gnanasambandam sold 27,174 shares of SailPoint stock. The stock was sold at an average price of $22.42, for a total value of $609,241.08.
• On Wednesday, October 8th, Chandrasekar Gnanasambandam sold 12,911 shares of SailPoint stock. The stock was sold at an average price of $22.45, for a total value of $289,851.95.

SailPoint Trading Down 6.7%

SailPoint stock opened at $21.73 on Friday. SailPoint, Inc. has a 12 month low of $15.05 and a 12 month high of $26.35. The business’s 50 day simple moving average is $21.16 and its 200 day simple moving average is $20.09.

SailPoint (NASDAQ:SAIL) last posted its quarterly earnings data on Tuesday, September 9th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.04 by $0.03. The firm had revenue of $264.36 million during the quarter, compared to analysts’ expectations of $243.41 million. The company’s revenue for the quarter was up 32.9% compared to the same quarter last year. SailPoint has set its FY 2026 guidance at 0.200-0.220 EPS. Q3 2026 guidance at 0.050-0.06 EPS.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. BTIG Research reiterated a “buy” rating and issued a $29.00 price objective on shares of SailPoint in a research note on Tuesday, September 30th. Wells Fargo & Company upped their price objective on SailPoint from $20.00 to $23.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 30th. Weiss Ratings reiterated a “sell (d+)” rating on shares of SailPoint in a research note on Wednesday. Scotiabank started coverage on SailPoint in a research report on Wednesday, September 3rd. They set a “sector outperform” rating and a $25.00 target price on the stock. Finally, Arete started coverage on SailPoint in a research report on Monday, July 7th. They set a “sell” rating and a $16.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.58.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SAIL. Vanguard Group Inc. bought a new position in shares of SailPoint in the first quarter worth $94,194,000. Norges Bank bought a new position in shares of SailPoint in the second quarter worth $112,297,000. Alliancebernstein L.P. bought a new position in shares of SailPoint in the first quarter worth $55,644,000. Voya Investment Management LLC bought a new position in shares of SailPoint in the first quarter worth $53,616,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of SailPoint in the second quarter worth $64,453,000.

SailPoint Company Profile

SailPoint, Inc delivers solutions to enable comprehensive identity security for the enterprise. Its solutions enable organizations to establish, control, and automate policies that help them define and maintain a robust security posture and achieve regulatory compliance. The company was founded by Mark David McClain in 2005 and is headquartered in Austin, TX.