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

SailPoint, Inc. (NASDAQ:SAIL) EVP Chandrasekar Gnanasambandam sold 4,245 shares of the business’s stock in a transaction that occurred on 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 represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 transaction of $98,534.52.

SailPoint Trading Down 2.9%

SAIL stock opened at $19.54 on Friday. The stock’s fifty day simple moving average is $19.95 and its two-hundred day simple moving average is $20.93. SailPoint, Inc. has a 1-year low of $15.05 and a 1-year high of $26.35. The stock has a market cap of $10.97 billion and a P/E ratio of -4.08.

SailPoint (NASDAQ:SAIL) last posted its quarterly earnings data on Tuesday, December 9th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. The business had revenue of $281.94 million during the quarter, compared to the consensus estimate of $270.35 million. SailPoint had a negative net margin of 30.87% and a positive return on equity of 0.16%. The business’s revenue for the quarter was up 19.8% compared to the same quarter last year. SailPoint has set its FY 2026 guidance at 0.220-0.230 EPS and its Q4 2026 guidance at 0.080-0.09 EPS.

Institutional Investors Weigh In On SailPoint

Several institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp boosted its position in SailPoint by 3,022.4% during the second 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 last quarter. Voya Investment Management LLC purchased a new stake in SailPoint in the first quarter valued at $53,616,000. Allspring Global Investments Holdings LLC purchased a new stake in SailPoint in the 3rd quarter valued at about $26,365,000. Renaissance Capital LLC lifted its holdings in shares of SailPoint by 30.0% in the 2nd quarter. Renaissance Capital LLC now owns 65,569 shares of the company’s stock worth $1,499,000 after acquiring an additional 15,114 shares during the last quarter. Finally, Outfitter Financial LLC purchased a new stake in SailPoint in the second quarter valued at approximately $320,000.

Key SailPoint News

Here are the key news stories impacting SailPoint this week:

• Positive Sentiment: BTIG reiterated a “buy” and set a $29 price target, highlighting multiple near-term catalysts and implying substantial upside versus current levels. BTIG Reaffirmation
• Positive Sentiment: MarketBeat / Market commentary argues the recent pullback lacked company-specific catalysts (no earnings miss or guidance cut) and frames the decline as market-driven — presenting a potential buying window given strong revenue growth and >$1B ARR. MarketBeat Buying-Window
• Neutral Sentiment: Other analyst commentary is mixed but not uniformly negative — Mizuho remains neutral with a $23 target and some firms keep Buy/Outperform stances; consensus still implies upside from current prices. Wall Street Coverage
• Negative Sentiment: Significant insider selling was reported Jan. 6–8: CEO, CFO, president and several senior executives sold shares across multiple days (CEO sales total ~165,891 shares across the three days; other senior execs also reduced holdings). Large, clustered insider sales are weighing on sentiment and likely contributing to the share-price decline, even though filings show insiders retain large positions. Representative SEC filing: CEO Form 4

Wall Street Analysts Forecast Growth

SAIL has been the topic of several recent analyst reports. Berenberg Bank assumed coverage on shares of SailPoint in a research note on Tuesday, November 18th. They issued a “buy” rating and a $31.70 target price on the stock. Mizuho dropped their price objective on shares of SailPoint from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, December 9th. Baird R W raised SailPoint to a “strong-buy” rating in a research note on Monday, October 27th. BTIG Research reissued a “buy” rating and issued a $29.00 price target on shares of SailPoint in a research note on Thursday. Finally, Robert W. Baird initiated coverage on SailPoint in a research note on Monday, October 27th. They issued an “outperform” rating and a $26.00 target price for the company. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.