SailPoint (NASDAQ:SAIL) EVP Chandrasekar Gnanasambandam Sells 12,654 Shares

Key Points

• Chandrasekar Gnanasambandam, SailPoint's EVP, sold 12,654 shares for approximately $285,347, reducing his total holdings to 571,165 shares.
• SailPoint's stock rose 3.9% to $23.30, with a trading volume significantly higher than its average.
• The company reported quarterly earnings with $0.07 EPS, exceeding expectations and reflecting a 32.9% increase in revenue year-on-year.

SailPoint, Inc. (NASDAQ:SAIL - Get Free Report) EVP Chandrasekar Gnanasambandam sold 12,654 shares of the firm's stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $22.55, for a total transaction of $285,347.70. Following the completion of the transaction, the executive vice president owned 571,165 shares in the company, valued at $12,879,770.75. This represents a 2.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, October 9th, Chandrasekar Gnanasambandam sold 27,174 shares of SailPoint stock. The stock was sold at an average price of $22.42, for a total transaction of $609,241.08.
• On Wednesday, October 8th, Chandrasekar Gnanasambandam sold 12,911 shares of SailPoint stock. The stock was sold at an average price of $22.45, for a total transaction of $289,851.95.

SailPoint Stock Up 3.9%

Shares of SailPoint stock traded up $0.87 on Thursday, hitting $23.30. The stock had a trading volume of 3,897,020 shares, compared to its average volume of 2,432,018. SailPoint, Inc. has a one year low of $15.05 and a one year high of $26.35. The stock's 50-day simple moving average is $21.14 and its two-hundred day simple moving average is $20.08.

SailPoint (NASDAQ:SAIL - Get Free Report) last announced its quarterly earnings results on Tuesday, September 9th. The company reported $0.07 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.03. The business had revenue of $264.36 million during the quarter, compared to analysts' expectations of $243.41 million. The firm's revenue for the quarter was up 32.9% compared to the same quarter last year. SailPoint has set its FY 2026 guidance at 0.200-0.220 EPS. Q3 2026 guidance at 0.050-0.06 EPS.

Analyst Ratings Changes

A number of analysts recently commented on the company. BMO Capital Markets dropped their price target on SailPoint from $27.00 to $25.00 and set an "outperform" rating for the company in a research note on Tuesday, September 9th. BTIG Research reaffirmed a "buy" rating and issued a $29.00 price target on shares of SailPoint in a research note on Tuesday, September 30th. Stephens raised SailPoint to a "strong-buy" rating in a research note on Tuesday, August 12th. Weiss Ratings restated a "sell (d+)" rating on shares of SailPoint in a report on Wednesday. Finally, JPMorgan Chase & Co. upgraded shares of SailPoint from a "neutral" rating to an "overweight" rating and set a $26.00 price target for the company in a research note on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $25.58.

Institutional Trading of SailPoint

Institutional investors and hedge funds have recently bought and sold shares of the company. Assetmark Inc. bought a new stake in SailPoint during the 1st quarter valued at about $32,000. Loomis Sayles & Co. L P bought a new stake in SailPoint during the 2nd quarter valued at about $42,000. State of Wyoming bought a new stake in SailPoint during the 2nd quarter valued at about $45,000. Kayne Anderson Rudnick Investment Management LLC bought a new stake in SailPoint during the 1st quarter valued at about $49,000. Finally, Amalgamated Bank bought a new stake in SailPoint during the 2nd quarter valued at about $71,000.

SailPoint Company Profile

SailPoint, Inc delivers solutions to enable comprehensive identity security for the enterprise. Its solutions enable organizations to establish, control, and automate policies that help them define and maintain a robust security posture and achieve regulatory compliance. The company was founded by Mark David McClain in 2005 and is headquartered in Austin, TX.

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