SailPoint (NASDAQ:SAIL) EVP Sells $108,377.60 in Stock

10 Apr 2026, 01:08 by Kim Johansen · The Markets Daily

SailPoint, Inc. (NASDAQ:SAIL – Get Free Report) EVP Chandrasekar Gnanasambandam sold 8,467 shares of the firm’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $12.80, for a total value of $108,377.60. Following the completion of the transaction, the executive vice president directly owned 989,008 shares of the company’s stock, valued at $12,659,302.40. The trade was a 0.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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.

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

On Thursday, April 9th, Chandrasekar Gnanasambandam sold 20,082 shares of SailPoint stock. The stock was sold at an average price of $11.46, for a total value of $230,139.72.
On Tuesday, April 7th, Chandrasekar Gnanasambandam sold 8,475 shares of SailPoint stock. The stock was sold at an average price of $12.72, for a total value of $107,802.00.

SailPoint Price Performance

Shares of SailPoint stock traded down $1.35 during trading hours on Thursday, reaching $11.06. The company had a trading volume of 7,451,709 shares, compared to its average volume of 3,433,979. SailPoint, Inc. has a one year low of $10.99 and a one year high of $24.95. The business has a fifty day simple moving average of $14.10 and a 200 day simple moving average of $18.23. The firm has a market cap of $6.24 billion, a PE ratio of -19.75 and a beta of 2.38.

SailPoint (NASDAQ:SAIL – Get Free Report) last posted its quarterly earnings results on Wednesday, March 18th. The company reported $0.08 EPS for the quarter, hitting analysts’ consensus estimates of $0.08. The firm had revenue of $294.65 million during the quarter. SailPoint had a positive return on equity of 1.95% and a negative net margin of 25.20%.SailPoint’s revenue was up 22.9% on a year-over-year basis. During the same period in the previous year, the business earned ($4.29) earnings per share.

Key SailPoint News

Here are the key news stories impacting SailPoint this week:

Positive Sentiment: New product leadership — SailPoint named Levent Besik as Chief Product Officer, strengthening the product organization and execution capability, a constructive sign for long‑term product roadmap and innovation. SailPoint appoints Levent Besik as Chief Product Officer
Neutral Sentiment: Insider selling under 10b5‑1 plans — Multiple senior executives (CEO, CFO, President, General Counsel, EVP and other insiders) sold shares April 7–9 to cover tax withholding on vested awards. The filings total roughly $6.3M of shares sold and were executed under pre‑arranged plans, which reduces the signal of opportunistic selling but can still weigh on near‑term sentiment. SEC filings (example)
Negative Sentiment: Weaker near‑term guidance — SailPoint cut its Q1 FY2027 revenue guidance to $273.0M–$277.0M (consensus ~ $285.3M) and gave EPS 0.040–0.050 (versus consensus ~0.050). FY2027 EPS was guided to $0.300–0.340 (roughly in line at the midpoint) with revenue around $1.3B. The Q1 revenue shortfall is the most immediate earnings‑risk and explains downward pressure on the stock.

Institutional Investors Weigh In On SailPoint

Several hedge funds have recently added to or reduced their stakes in SAIL. Royal Bank of Canada bought a new stake in SailPoint during the first quarter worth about $1,146,000. Goldman Sachs Group Inc. bought a new stake in SailPoint during the first quarter worth about $7,546,000. JPMorgan Chase & Co. bought a new stake in SailPoint during the second quarter worth about $692,000. Rhumbline Advisers bought a new stake in SailPoint during the second quarter worth about $1,047,000. Finally, New York State Common Retirement Fund bought a new stake in SailPoint during the second quarter worth about $572,000.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SAIL shares. Robert W. Baird dropped their price objective on SailPoint from $26.00 to $22.00 and set an “outperform” rating for the company in a research note on Thursday, March 19th. Truist Financial dropped their price objective on SailPoint from $23.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, March 19th. Wells Fargo & Company dropped their price objective on SailPoint from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Thursday, March 19th. JPMorgan Chase & Co. dropped their price objective on SailPoint from $26.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, March 19th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of SailPoint in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.35.

View Our Latest Stock Analysis on SailPoint

SailPoint Company Profile

(Get Free Report)

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.