SailPoint (NASDAQ:SAIL) Shares Purchased Rep. Gilbert Ray Cisneros, Jr.

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

SailPoint stock opened at $18.82 on Tuesday. The stock has a market capitalization of $10.67 billion, a price-to-earnings ratio of -69.70, a PEG 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’s 50 day moving average price is $17.11 and its two-hundred day moving average price is $14.94.

SailPoint (NASDAQ:SAIL) last released its earnings results on Tuesday, June 9th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. SailPoint had a negative net margin of 14.04% and a positive return on equity of 2.31%. The company had revenue of $280.14 million for the quarter. During the same quarter in the previous year, the firm earned $0.01 EPS. The firm’s revenue was up 21.5% on a year-over-year basis. On average, equities research analysts forecast that SailPoint, Inc. will post 0.32 EPS for the current year.

Hedge Funds Weigh In On SailPoint

A number of hedge funds have recently bought and sold shares of SAIL. Gables Capital Management Inc. purchased a new position in SailPoint during the second quarter worth about $29,000. Palladiem LLC bought a new position in shares of SailPoint during the 4th quarter worth approximately $42,000. Kestra Advisory Services LLC purchased a new position in shares of SailPoint in the 4th quarter worth approximately $42,000. State of Wyoming bought a new position in shares of SailPoint in the second quarter valued at approximately $45,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of SailPoint in the second quarter valued at approximately $50,000.

Insider Buying and Selling at SailPoint

In other SailPoint news, CAO Mitra Rezvan sold 3,881 shares of the business’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $15.42, for a total value of $59,845.02. Following the transaction, the chief accounting officer owned 182,641 shares of the company’s stock, valued at approximately $2,816,324.22. The trade was a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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, CEO Mark McClain sold 93,260 shares of the company’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $15.42, for a total value of $1,438,069.20. Following the completion of the transaction, the chief executive officer owned 8,093,870 shares of the company’s stock, valued at $124,807,475.40. This trade represents a 1.14% decrease in their position. The SEC filing for this sale provides additional information. 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 sold a total of 491,559 shares of company stock valued at $7,809,391 in the last ninety days. 1.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

SAIL has been the topic of several research reports. Barclays upped their price objective on shares of SailPoint from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday, September 1st. Stephens reaffirmed an “overweight” rating and issued a $20.00 target price on shares of SailPoint in a research report on Wednesday, June 17th. Cantor Fitzgerald upped their price target on SailPoint from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 1st. TD Cowen increased their price target on SailPoint from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, August 17th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $19.00 price objective on shares of SailPoint in a research note on Wednesday, June 10th. One equities research 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus 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.

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.