SailPoint (NASDAQ:SAIL) EVP Sells $242,362.62 in Stock

SailPoint, Inc. (NASDAQ:SAIL) EVP Chandrasekar Gnanasambandam sold 14,878 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $16.29, for a total transaction of $242,362.62. Following the completion of the transaction, the executive vice president owned 954,048 shares of the company’s stock, valued at approximately $15,541,441.92. This trade represents a 1.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 Wednesday, July 8th, Chandrasekar Gnanasambandam sold 19,540 shares of SailPoint stock. The shares were sold at an average price of $15.42, for a total transaction of $301,306.80.

SailPoint Stock Performance

Shares of NASDAQ:SAIL traded down $1.14 during mid-day trading on Friday, reaching $13.71. 3,361,605 shares of the company’s stock were exchanged, compared to its average volume of 4,720,288. The firm has a market capitalization of $7.78 billion, a price-to-earnings ratio of -50.78, a PEG ratio of 1.53 and a beta of 2.20. The business’s fifty day moving average price is $14.65 and its 200-day moving average price is $15.09. SailPoint, Inc. has a twelve month low of $10.30 and a twelve month high of $24.00.

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SAIL shares. Truist Financial set a $18.00 price target on SailPoint in a research note on Wednesday, June 17th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $19.00 price objective on shares of SailPoint in a research note on Wednesday, June 10th. Mizuho set a $16.00 target price on SailPoint in a report on Wednesday, June 10th. BTIG Research reissued a “buy” rating and set a $18.00 target price on shares of SailPoint in a research report on Tuesday, June 9th. Finally, Robert W. Baird lowered their price target on shares of SailPoint from $26.00 to $22.00 and set an “outperform” rating for the company in a report on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $20.08.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Norges Bank acquired a new position in shares of SailPoint in the 4th quarter valued at about $234,681,000. OFI Invest Asset Management grew its stake in SailPoint by 79.6% during the fourth quarter. OFI Invest Asset Management now owns 905,653 shares of the company’s stock worth $18,321,000 after purchasing an additional 401,431 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in SailPoint by 22.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,412,578 shares of the company’s stock worth $26,768,000 after purchasing an additional 255,720 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in SailPoint by 215.7% in the third quarter. JPMorgan Chase & Co. now owns 95,616 shares of the company’s stock valued at $2,111,000 after buying an additional 65,329 shares during the period. Finally, Maridea Wealth Management LLC acquired a new position in SailPoint in the fourth quarter valued at approximately $1,816,000.

More SailPoint News

Here are the key news stories impacting SailPoint this week:

• Positive Sentiment: Rosenblatt Securities initiated coverage on SailPoint with a neutral/hold rating and a $16 price target, suggesting the stock still has some upside from recent levels. Rosenblatt Securities Initiates a Hold Rating on SailPoint, Inc. (SAIL)
• Positive Sentiment: A recent earnings recap noted SailPoint has remained up since its last report, reflecting continued support from its better-than-expected quarter and raised guidance. SailPoint, Inc. (SAIL) Up 2.7% Since Last Earnings Report: Can It Continue?
• Neutral Sentiment: SailPoint’s last quarterly report beat earnings estimates and showed 21.5% revenue growth, but the market may now be focusing more on near-term sentiment and positioning than on fundamentals alone.
• Negative Sentiment: Pomerantz LLP announced an investigation on behalf of SailPoint investors, creating a legal overhang that could weigh on sentiment. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of SailPoint, Inc. – SAIL
• Negative Sentiment: Multiple insiders, including the CEO, CFO, president, general counsel, CAO, and EVP, disclosed stock sales over the past two days. The transactions were tied to 10b5-1 plans and tax withholding, but the volume of selling can still spook investors. SailPoint (SAIL) Faces Insider Resales, Is The Stock Still Cheap?

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.