Chandrasekar Gnanasambandam Sells 4,245 Shares of SailPoint (NASDAQ:SAIL) Stock

SailPoint, Inc. (NASDAQ:SAIL) EVP Chandrasekar Gnanasambandam sold 4,245 shares of SailPoint stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $19.57, for a total value of $83,074.65. Following the sale, the executive vice president directly owned 517,351 shares of the company’s stock, valued at $10,124,559.07. This trade represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, January 7th, Chandrasekar Gnanasambandam sold 4,360 shares of SailPoint stock. The shares were sold at an average price of $19.90, for a total value of $86,764.00.
• 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 value of $98,534.52.

SailPoint Stock Down 2.9%

SAIL traded down $0.59 on Thursday, reaching $19.54. The company had a trading volume of 2,272,045 shares, compared to its average volume of 1,654,826. SailPoint, Inc. has a 1 year low of $15.05 and a 1 year high of $26.35. The stock has a market capitalization of $10.97 billion and a PE ratio of -4.08. The stock has a 50-day moving average price of $19.95 and a 200-day moving average price of $20.93.

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

Hedge Funds Weigh In On SailPoint

Institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp boosted its position in SailPoint by 3,022.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 481,908 shares of the company’s stock worth $11,016,000 after acquiring an additional 466,474 shares during the period. Voya Investment Management LLC bought a new position in SailPoint in the 1st quarter valued at about $53,616,000. Allspring Global Investments Holdings LLC bought a new position in SailPoint in the 3rd quarter valued at about $26,365,000. Renaissance Capital LLC increased its stake in SailPoint by 30.0% during the 2nd quarter. Renaissance Capital LLC now owns 65,569 shares of the company’s stock valued at $1,499,000 after buying an additional 15,114 shares during the period. Finally, Outfitter Financial LLC bought a new position in shares of SailPoint during the 2nd quarter valued at about $320,000.

Wall Street Analyst Weigh In

SAIL has been the topic of several research analyst reports. Royal Bank Of Canada boosted their price target on SailPoint from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday. Wolfe Research started coverage on shares of SailPoint in a report on Monday, October 20th. They set an “outperform” rating and a $27.00 target price for the company. Berenberg Bank started coverage on shares of SailPoint in a research report on Tuesday, November 18th. They set a “buy” rating and a $31.70 target price on the stock. Mizuho decreased their price target on SailPoint from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 9th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of SailPoint in a report on Monday, December 29th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.01.

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.