Caisse DE Depot ET Placement DU Quebec Purchases New Position in SailPoint, Inc. $SAIL

Key Points

• Caisse DE Depot ET Placement DU Quebec has acquired a new stake in SailPoint, Inc., purchasing 165,600 shares valued at approximately $3,105,000.
• SailPoint reported a quarterly revenue of $230.47 million, exceeding analysts' expectations and marking a 22.8% year-over-year growth.
• Analysts have rated SailPoint with a consensus of "Moderate Buy", with an average target price of $25.50 after several upgrades from various firms.

Caisse DE Depot ET Placement DU Quebec purchased a new stake in SailPoint, Inc. (NASDAQ:SAIL - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 165,600 shares of the company's stock, valued at approximately $3,105,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. acquired a new position in SailPoint in the first quarter valued at approximately $32,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in SailPoint in the first quarter valued at approximately $49,000. Picton Mahoney Asset Management acquired a new position in SailPoint in the first quarter valued at approximately $87,000. PNC Financial Services Group Inc. acquired a new position in SailPoint in the first quarter valued at approximately $150,000. Finally, Comerica Bank acquired a new position in SailPoint in the first quarter valued at approximately $175,000.

SailPoint Stock Performance

SailPoint stock opened at $20.77 on Friday. SailPoint, Inc. has a 12 month low of $15.05 and a 12 month high of $26.35. The business has a 50 day simple moving average of $20.98 and a 200-day simple moving average of $20.08.

SailPoint (NASDAQ:SAIL - Get Free Report) last released its quarterly earnings results on Wednesday, June 11th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. The company had revenue of $230.47 million for the quarter, compared to analysts' expectations of $225.18 million. The business'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.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Cantor Fitzgerald assumed coverage on SailPoint in a research note on Monday, June 30th. They issued an "overweight" rating and a $29.00 price objective for the company. Stephens upgraded SailPoint to a "strong-buy" rating in a research note on Tuesday, August 12th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $29.00 price objective (up previously from $27.00) on shares of SailPoint in a research note on Thursday, June 12th. BMO Capital Markets boosted their price objective on SailPoint from $26.00 to $27.00 and gave the company an "outperform" rating in a research note on Thursday, June 12th. Finally, Wells Fargo & Company boosted their price objective on SailPoint from $16.00 to $20.00 and gave the company an "equal weight" rating in a research note on Thursday, June 12th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, SailPoint has a consensus rating of "Moderate Buy" and an average target price of $25.50.

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.

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