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

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 Trading Down 3.6%

Shares of SAIL traded down $0.69 during midday trading on Tuesday, reaching $18.14. The stock had a trading volume of 677,923 shares, compared to its average volume of 3,560,675. The company has a market capitalization of $10.29 billion, a price-to-earnings ratio of -67.07, a price-to-earnings-growth ratio of 1.97 and a beta of 2.17. The company’s 50-day moving average is $17.11 and its 200 day moving average is $14.94. SailPoint, Inc. has a 12-month low of $10.30 and a 12-month high of $24.00.

SailPoint (NASDAQ:SAIL) last issued its earnings results on Tuesday, June 9th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. The business had revenue of $280.14 million during the quarter. SailPoint had a positive return on equity of 2.31% and a negative net margin of 14.04%.The firm’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.01 EPS. Research analysts forecast that SailPoint, Inc. will post 0.32 EPS for the current fiscal year.

Insider Transactions at SailPoint

In other news, insider Abby Payne sold 16,999 shares of the firm’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $15.42, for a total transaction of $262,124.58. Following the completion of the transaction, the insider directly owned 891,965 shares in the company, valued at $13,754,100.30. This trade represents a 1.87% 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. 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, CEO Mark McClain sold 93,260 shares of the stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $15.42, for a total transaction of $1,438,069.20. Following the sale, the chief executive officer directly owned 8,093,870 shares in the company, valued at $124,807,475.40. This trade represents a 1.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 90 days, insiders sold 491,559 shares of company stock valued at $7,809,391. 1.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On SailPoint

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gables Capital Management Inc. purchased a new position in SailPoint during the 2nd quarter valued at about $29,000. Palladiem LLC bought a new stake in shares of SailPoint in the 4th quarter worth approximately $42,000. Kestra Advisory Services LLC bought a new stake in shares of SailPoint in the 4th quarter worth approximately $42,000. State of Wyoming purchased a new stake in shares of SailPoint in the 2nd quarter worth approximately $45,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in SailPoint during the 2nd quarter valued at approximately $50,000.

Wall Street Analyst Weigh In

Several research firms recently commented on SAIL. Mizuho increased their target price on shares of SailPoint from $16.00 to $18.00 and gave the company a “neutral” rating in a report on Wednesday, August 19th. DA Davidson assumed coverage on SailPoint in a research report on Monday, August 3rd. They issued a “neutral” rating and a $17.00 price objective for the company. Stephens reissued an “overweight” rating and set a $20.00 price target on shares of SailPoint in a research report on Wednesday, June 17th. Royal Bank Of Canada increased their target price on shares of SailPoint from $19.00 to $22.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Finally, TD Cowen lifted their price objective on SailPoint from $19.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $20.55.

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.

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.