Neuberger Berman Group LLC Invests $423,000 in SailPoint, Inc. $SAIL

Key Points

• Neuberger Berman Group LLC has acquired 22,550 shares of SailPoint, Inc. (NASDAQ:SAIL), valued at approximately $423,000, as part of its first-quarter investment strategy.
• SailPoint reported a 22.8% increase in revenue year-over-year, reaching $230.47 million, and reported earnings of $0.01 per share, beating analysts' expectations.
• Multiple analysts have revised their price targets for SailPoint, with Barclays increasing it to $25.00 and Mizuho to $26.00, indicating strong confidence in the company's growth prospects.

Neuberger Berman Group LLC purchased a new position in SailPoint, Inc. (NASDAQ:SAIL - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 22,550 shares of the company's stock, valued at approximately $423,000.

Several other hedge funds have also bought and sold shares of the stock. Stephens Investment Management Group LLC purchased a new stake in shares of SailPoint during the 1st quarter valued at about $23,213,000. Allianz Asset Management GmbH purchased a new stake in shares of SailPoint during the 1st quarter valued at about $3,496,000. GW&K Investment Management LLC purchased a new stake in shares of SailPoint during the 1st quarter valued at about $2,173,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of SailPoint during the 1st quarter valued at about $1,683,000. Finally, Assetmark Inc. purchased a new stake in shares of SailPoint during the 1st quarter valued at about $32,000.

Analyst Ratings Changes

Several brokerages have recently issued reports on SAIL. The Goldman Sachs Group restated a "neutral" rating on shares of SailPoint in a research report on Wednesday, June 11th. Arete assumed coverage on shares of SailPoint in a research report on Monday, July 7th. They issued a "sell" rating and a $16.00 price objective on the stock. Stephens raised shares of SailPoint to a "strong-buy" rating in a research report on Tuesday, August 12th. BMO Capital Markets upped their target price on shares of SailPoint from $26.00 to $27.00 and gave the stock an "outperform" rating in a research note on Thursday, June 12th. Finally, Mizuho upped their target price on shares of SailPoint from $24.00 to $26.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 11th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $25.50.

SailPoint Stock Performance

Shares of NASDAQ SAIL traded down $0.14 during midday trading on Thursday, reaching $19.45. 543,382 shares of the company's stock traded hands, compared to its average volume of 2,099,542. The stock's 50 day moving average is $21.31. SailPoint, Inc. has a one year low of $15.05 and a one year high of $26.35.

SailPoint (NASDAQ:SAIL - Get Free Report) last released its quarterly earnings data on Wednesday, June 11th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.01) by $0.02. The business had revenue of $230.47 million for the quarter, compared to the consensus estimate of $225.18 million. The company's revenue was up 22.8% compared to the same quarter last year. SailPoint has set its FY 2026 guidance at 0.160-0.200 EPS. Q2 2026 guidance at 0.040-0.050 EPS.

About SailPoint

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.