Sailpoint (NYSE:SAIL - Free Report) had its target price lowered by Barclays from $27.00 to $23.00 in a report released on Tuesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.
Other equities analysts have also recently issued research reports about the company. Truist Financial initiated coverage on Sailpoint in a report on Monday, March 10th. They set a "buy" rating and a $29.00 price objective on the stock. TD Cowen started coverage on Sailpoint in a research report on Monday, March 10th. They set a "buy" rating and a $30.00 price objective for the company. Bank of America initiated coverage on Sailpoint in a report on Monday, March 10th. They issued a "buy" rating and a $27.50 price objective for the company. Evercore ISI assumed coverage on shares of Sailpoint in a research note on Monday, March 10th. They issued an "outperform" rating and a $29.00 price target for the company. Finally, The Goldman Sachs Group began coverage on Sailpoint in a report on Monday, March 10th. They set a "neutral" rating and a $23.00 price target for the company. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Sailpoint presently has a consensus rating of "Moderate Buy" and an average price target of $25.70.
Read Our Latest Analysis on SAIL
Sailpoint Stock Performance
Sailpoint stock traded up $0.27 on Tuesday, reaching $18.05. The company's stock had a trading volume of 710,056 shares, compared to its average volume of 1,909,582. Sailpoint has a twelve month low of $15.05 and a twelve month high of $26.35. The company's fifty day moving average is $17.67.
Sailpoint (NYSE:SAIL - Get Free Report) last posted its quarterly earnings results on Wednesday, March 26th. The company reported ($4.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($4.28). The company had revenue of $240.10 million during the quarter, compared to analyst estimates of $229.69 million.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in SAIL. Vanguard Group Inc. bought a new position in shares of Sailpoint in the 1st quarter valued at $94,194,000. Alliancebernstein L.P. bought a new position in Sailpoint in the first quarter valued at about $55,644,000. T. Rowe Price Investment Management Inc. acquired a new position in Sailpoint during the first quarter worth about $46,875,000. Ameriprise Financial Inc. bought a new position in shares of Sailpoint in the first quarter worth about $42,585,000. Finally, Stephens Investment Management Group LLC bought a new position in shares of Sailpoint in the first quarter worth about $23,213,000.
About Sailpoint
(
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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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