Scientech Research LLC Purchases New Position in SailPoint, Inc. $SAIL

Key Points

• Scientech Research LLC acquired 33,211 shares of SailPoint, Inc. for approximately $623,000, marking a new position in the company during the first quarter of the year.
• Multiple large investors, including Vanguard Group Inc. and AllianceBernstein L.P., also purchased significant stakes in SailPoint, reflecting growing institutional interest.
• SailPoint reported a quarterly revenue of $230.47 million, exceeding analysts' expectations, and provided FY 2026 earnings guidance of 0.160-0.200 EPS.

Scientech Research LLC acquired a new position in shares of SailPoint, Inc. (NASDAQ:SAIL - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 33,211 shares of the company's stock, valued at approximately $623,000.

A number of other hedge funds also recently made changes to their positions in SAIL. Assetmark Inc. bought a new stake in shares of SailPoint during the 1st quarter worth $32,000. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of SailPoint during the 1st quarter worth $49,000. Quarry LP bought a new stake in shares of SailPoint during the 1st quarter worth $70,000. Picton Mahoney Asset Management bought a new stake in shares of SailPoint during the 1st quarter worth $87,000. Finally, PNC Financial Services Group Inc. bought a new stake in shares of SailPoint during the 1st quarter worth $150,000.

SailPoint Stock Performance

Shares of NASDAQ:SAIL traded up $0.77 during midday trading on Friday, hitting $21.61. 3,132,030 shares of the stock traded hands, compared to its average volume of 2,654,034. The business's 50 day moving average is $20.60 and its two-hundred day moving average is $19.93. 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 issued its quarterly earnings data on Tuesday, September 9th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.04 by $0.03. The firm had revenue of $264.36 million for the quarter, compared to the consensus estimate 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 Upgrades and Downgrades

Several analysts have weighed in on SAIL shares. The Goldman Sachs Group reissued a "neutral" rating on shares of SailPoint in a research note on Wednesday, June 11th. BTIG Research reissued a "buy" rating and issued a $29.00 price target on shares of SailPoint in a research note on Tuesday, September 9th. Arete Research raised shares of SailPoint to a "strong sell" rating and set a $16.00 price target for the company in a research note on Monday, July 7th. Barclays boosted their price target on shares of SailPoint from $23.00 to $25.00 and gave the stock an "overweight" rating in a research note on Thursday, June 12th. Finally, Cantor Fitzgerald started coverage on shares of SailPoint in a research note on Monday, June 30th. They issued an "overweight" rating and a $29.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $25.48.

SailPoint 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.