Alliancebernstein L.P. Acquires New Shares in SailPoint, Inc. $SAIL

Key Points

• Alliancebernstein L.P. acquired approximately 2,967,702 shares of SailPoint, Inc., valued at around $55.6 million, increasing its stake to about 0.53%.
• The stock has received various ratings from analysts, with one investment analyst giving it a Strong Buy rating and a consensus average target price of $25.48.
• SailPoint reported a quarterly revenue of $230.47 million, a 22.8% increase compared to the same period last year, and surpassed earnings expectations.

Alliancebernstein L.P. bought a new stake in SailPoint, Inc. (NASDAQ:SAIL - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,967,702 shares of the company's stock, valued at approximately $55,644,000. Alliancebernstein L.P. owned approximately 0.53% of SailPoint as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of SAIL. Vanguard Group Inc. acquired a new stake in SailPoint in the first quarter valued at approximately $94,194,000. T. Rowe Price Investment Management Inc. acquired a new stake in SailPoint during the 1st quarter valued at $46,875,000. Ameriprise Financial Inc. acquired a new stake in SailPoint during the 1st quarter valued at $42,585,000. Stephens Investment Management Group LLC acquired a new stake in SailPoint during the 1st quarter valued at $23,213,000. Finally, Lord Abbett & CO. LLC acquired a new stake in SailPoint during the 1st quarter valued at $20,813,000.

SailPoint Stock Performance

SailPoint stock traded down $0.15 during mid-day trading on Friday, reaching $20.69. The company's stock had a trading volume of 703,932 shares, compared to its average volume of 2,187,542. The business has a 50 day moving average price of $20.61 and a 200-day moving average price of $19.97. SailPoint, Inc. has a twelve month low of $15.05 and a twelve month high of $26.35.

SailPoint (NASDAQ:SAIL - Get Free Report) last released its quarterly earnings data on Tuesday, September 9th. The company reported $0.07 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.03. The business had revenue of $264.36 million during the quarter, compared to analyst estimates of $243.41 million. The firm's revenue 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.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SAIL shares. Morgan Stanley upgraded SailPoint from an "equal weight" rating to an "overweight" rating and set a $25.00 target price for the company in a research note on Tuesday, September 2nd. Arete Research upgraded SailPoint to a "strong sell" rating and set a $16.00 price objective on the stock in a report on Monday, July 7th. Stephens raised shares of SailPoint to a "strong-buy" rating in a research report on Tuesday, August 12th. Arete started coverage on shares of SailPoint in a research note on Monday, July 7th. They issued a "sell" rating and a $16.00 price target for the company. Finally, Barclays increased their price objective on shares of SailPoint from $23.00 to $25.00 and gave the company an "overweight" rating in a research note on Thursday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus 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.