Rep. Gilbert Ray Cisneros, Jr. Buys SailPoint, Inc. (NASDAQ:SAIL) Shares

Posted by Brenda Bartman on Sep 8th, 2026

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of SailPoint, Inc. (NASDAQ:SAIL). In a filing disclosed on September 04th, the Representative disclosed that they had bought between $1,001 and $15,000 in SailPoint stock on July 21st. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

Purchased $15,001 – $50,000 in shares of Mesabi Trust (NYSE:MSB) on 7/31/2026.
Purchased $1,001 – $15,000 in shares of Praxis Precision Medicines (NASDAQ:PRAX) on 7/30/2026.
Purchased $15,001 – $50,000 in shares of Alkermes (NASDAQ:ALKS) on 7/30/2026.
Sold $15,001 – $50,000 in shares of Crinetics Pharmaceuticals (NASDAQ:CRNX) on 7/30/2026.
Sold $100,001 – $250,000 in shares of Alibaba Group (NYSE:BABA) on 7/24/2026.
Sold $1,001 – $15,000 in shares of Adobe (NASDAQ:ADBE) on 7/24/2026.
Sold $1,001 – $15,000 in shares of Viavi Solutions (NASDAQ:VIAV) on 7/21/2026.
Purchased $1,001 – $15,000 in shares of Glacier Bancorp (NYSE:GBCI) on 7/21/2026.
Sold $1,001 – $15,000 in shares of FedEx (NYSE:FDX) on 7/21/2026.
Purchased $1,001 – $15,000 in shares of Marvell Technology (NASDAQ:MRVL) on 7/17/2026.

SailPoint Price Performance

Shares of NASDAQ:SAIL opened at $18.82 on Tuesday. The firm has a market cap of $10.67 billion, a PE ratio of -69.70, a PEG ratio of 1.97 and a beta of 2.17. SailPoint, Inc. has a 12-month low of $10.30 and a 12-month high of $24.00. The company’s 50 day moving average price is $17.11 and its two-hundred day moving average price is $14.94.

SailPoint (NASDAQ:SAIL – Get Free Report) last announced its quarterly earnings data on Tuesday, June 9th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. The business 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 for the quarter was up 21.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.01 earnings per share. On average, research analysts expect that SailPoint, Inc. will post 0.32 EPS for the current year.

Analyst Ratings Changes

SAIL has been the subject of several research analyst reports. Morgan Stanley boosted their target price on SailPoint from $18.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, August 20th. The Goldman Sachs Group restated a “neutral” rating and issued a $19.00 price target on shares of SailPoint in a research note on Wednesday, June 10th. Rosenblatt Securities started coverage on shares of SailPoint in a report on Wednesday, July 8th. They set a “neutral” rating and a $16.00 price target on the stock. Truist Financial upped their price objective on shares of SailPoint from $18.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Finally, Weiss Ratings raised shares of SailPoint from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $20.55.

Check Out Our Latest Analysis on SAIL

Hedge Funds Weigh In On SailPoint

A number of hedge funds have recently modified their holdings of the business. FNY Investment Advisers LLC grew its stake in shares of SailPoint by 12.0% in the second quarter. FNY Investment Advisers LLC now owns 8,400 shares of the company’s stock worth $122,000 after purchasing an additional 900 shares during the last quarter. Cerity Partners LLC raised its position in SailPoint by 0.8% during the 4th quarter. Cerity Partners LLC now owns 115,604 shares of the company’s stock worth $2,339,000 after purchasing an additional 923 shares during the last quarter. Main Management ETF Advisors LLC lifted its holdings in SailPoint by 1.0% during the 4th quarter. Main Management ETF Advisors LLC now owns 102,573 shares of the company’s stock worth $2,075,000 after buying an additional 1,048 shares during the period. Federation des caisses Desjardins du Quebec lifted its holdings in SailPoint by 24.1% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 7,871 shares of the company’s stock worth $159,000 after buying an additional 1,528 shares during the period. Finally, Outfitters Financial LLC grew its position in shares of SailPoint by 4.8% in the 2nd quarter. Outfitters Financial LLC now owns 41,175 shares of the company’s stock valued at $603,000 after buying an additional 1,900 shares during the last quarter.

Insider Buying and Selling

In related news, EVP Chandrasekar Gnanasambandam sold 19,540 shares of SailPoint stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $15.42, for a total value of $301,306.80. Following the transaction, the executive vice president directly owned 934,508 shares of the company’s stock, valued at $14,410,113.36. The trade was a 2.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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. Also, insider Abby Payne sold 16,999 shares of the company’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $15.42, for a total value of $262,124.58. Following the completion of the sale, the insider owned 891,965 shares in the company, valued at $13,754,100.30. The trade was a 1.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. In the last quarter, insiders have sold 491,559 shares of company stock valued at $7,809,391. Corporate insiders own 1.70% of the company’s stock.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

SailPoint Company Profile

(Get Free Report)

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.