75,743 Shares in SailPoint, Inc. $SAIL Acquired by Nuveen LLC

Key Points

• Nuveen LLC acquired a new stake in SailPoint, Inc. by purchasing 75,743 shares valued at approximately $1,420,000 in the first quarter.
• Several analysts have upgraded their target prices for SailPoint, with Barclays setting it at $25.00 and JPMorgan raising it to $26.00.
• SailPoint reported a revenue increase of 22.8% year-over-year in their latest quarterly earnings, exceeding expectations with $230.47 million in revenue.

Nuveen LLC bought a new position in shares of SailPoint, Inc. (NASDAQ:SAIL - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 75,743 shares of the company's stock, valued at approximately $1,420,000.

Several other hedge funds have also made changes to their positions in the business. Assetmark Inc. acquired a new stake in shares of SailPoint during the first quarter worth about $32,000. Picton Mahoney Asset Management acquired a new stake in shares of SailPoint during the first quarter worth about $87,000. PNC Financial Services Group Inc. acquired a new stake in SailPoint in the first quarter valued at about $150,000. US Bancorp DE acquired a new stake in SailPoint in the first quarter valued at about $213,000. Finally, Natixis Advisors LLC acquired a new stake in SailPoint in the first quarter valued at about $835,000.

SailPoint Trading Down 0.1%

Shares of SAIL traded down $0.03 during mid-day trading on Thursday, reaching $21.00. 1,034,174 shares of the company's stock were exchanged, compared to its average volume of 2,076,381. The company has a 50-day simple moving average of $20.77 and a two-hundred day simple moving average of $20.10. SailPoint, Inc. has a 52-week low of $15.05 and a 52-week high of $26.35.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Royal Bank Of Canada restated an "outperform" rating and issued a $29.00 price objective (up previously from $27.00) on shares of SailPoint in a research report on Thursday, June 12th. Cantor Fitzgerald assumed coverage on shares of SailPoint in a research report on Monday, June 30th. They issued an "overweight" rating and a $29.00 price objective for the company. Arete Research upgraded shares of SailPoint to a "strong sell" rating and set a $16.00 price objective for the company in a research report on Monday, July 7th. JPMorgan Chase & Co. upgraded shares of SailPoint from a "neutral" rating to an "overweight" rating and set a $26.00 price objective for the company in a research report on Wednesday, August 13th. Finally, Scotiabank assumed coverage on shares of SailPoint in a research report on Wednesday. They issued a "sector outperform" rating and a $25.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $25.48.

SailPoint Company 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.