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

Key Points

• Rep. Gilbert Ray Cisneros Jr. purchased between $1,001 and $15,000 of SailPoint shares on July 21, disclosed in a September 4 filing. He also reported several other recent purchases and sales across technology, healthcare, financial and consumer stocks.
• SailPoint reported quarterly revenue of $280.14 million, up 21.5% year over year, and earnings of $0.05 per share versus analyst expectations of $0.04. The stock opened at $18.82, with a 52-week range of $10.30 to $24.00.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and a $20.55 price target; several institutional investors also recently initiated positions. However, company insiders have sold approximately 491,559 shares worth $7.8 million over the past three months.

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 Stock Performance

Shares of SailPoint stock opened at $18.82 on Tuesday. The stock has a market capitalization of $10.67 billion, a PE ratio of -69.70, a price-to-earnings-growth ratio of 1.97 and a beta of 2.17. SailPoint, Inc. has a 52 week low of $10.30 and a 52 week high of $24.00. The stock has a 50 day moving average price of $17.11 and a two-hundred day moving average price of $14.94.

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

Hedge Funds Weigh In On SailPoint

A number of institutional investors have recently made changes to their positions in SAIL. Royal Bank of Canada purchased a new stake in shares of SailPoint during the first quarter valued at approximately $1,146,000. Goldman Sachs Group Inc. bought a new position in shares of SailPoint during the first quarter valued at about $7,546,000. JPMorgan Chase & Co. purchased a new stake in shares of SailPoint during the second quarter worth about $692,000. Rhumbline Advisers purchased a new stake in shares of SailPoint during the second quarter worth about $1,047,000. Finally, New York State Common Retirement Fund bought a new stake in shares of SailPoint in the second quarter worth about $572,000.

Insider Buying and Selling at SailPoint

In other SailPoint news, President Matt Mills sold 43,485 shares of the stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $16.29, for a total value of $708,370.65. Following the completion of the sale, the president owned 2,407,849 shares in the company, valued at approximately $39,223,860.21. This trade represents a 1.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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, General Counsel Christopher Schmitt sold 23,940 shares of SailPoint stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $16.29, for a total value of $389,982.60. Following the completion of the sale, the general counsel owned 1,331,611 shares in the company, valued at approximately $21,691,943.19. This represents a 1.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders have sold a total of 491,559 shares of company stock worth $7,809,391 over the last three months. 1.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SAIL has been the subject of several analyst reports. BTIG Research reiterated a "buy" rating and issued a $18.00 price objective on shares of SailPoint in a research note on Tuesday, June 9th. Rosenblatt Securities began coverage on SailPoint in a research report on Wednesday, July 8th. They issued a "neutral" rating and a $16.00 price objective on the stock. Stephens reaffirmed an "overweight" rating and set a $20.00 target price on shares of SailPoint in a research report on Wednesday, June 17th. BMO Capital Markets reissued an "outperform" rating on shares of SailPoint in a report on Wednesday, June 10th. Finally, Royal Bank Of Canada increased their target price on shares of SailPoint from $19.00 to $22.00 and gave the company an "outperform" rating in a research report on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, SailPoint currently 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.

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.

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