Charles Schwab Investment Management Inc. Acquires New Position in SailPoint, Inc. $SAIL

Key Points

• Charles Schwab Investment Management Inc. has acquired a new stake in SailPoint, purchasing 373,945 shares valued at approximately $7 million, representing about 0.07% of the company's stock.
• SailPoint's latest earnings report showed a revenue increase of 22.8% year-over-year, with EPS of $0.01 for the quarter, surpassing expectations.
• Analysts have mixed ratings on SailPoint, with one Strong Buy, twelve Buy, four Hold, and two Sell ratings, while the average target price is $25.50.

Charles Schwab Investment Management Inc. purchased a new stake in SailPoint, Inc. (NASDAQ:SAIL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 373,945 shares of the company's stock, valued at approximately $7,011,000. Charles Schwab Investment Management Inc. owned about 0.07% of SailPoint as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SAIL. Assetmark Inc. purchased a new stake in shares of SailPoint in the 1st quarter valued at approximately $32,000. Picton Mahoney Asset Management acquired a new position in SailPoint in the first quarter valued at approximately $87,000. PNC Financial Services Group Inc. purchased a new position in SailPoint in the first quarter worth approximately $150,000. US Bancorp DE purchased a new position in SailPoint in the first quarter worth approximately $213,000. Finally, Natixis Advisors LLC acquired a new stake in SailPoint during the first quarter worth $835,000.

SailPoint Stock Down 1.1%

Shares of SAIL stock opened at $20.11 on Wednesday. SailPoint, Inc. has a fifty-two week low of $15.05 and a fifty-two week high of $26.35. The company has a 50 day simple moving average of $21.07.

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

Analyst Ratings Changes

Several equities analysts have recently commented on SAIL shares. Cantor Fitzgerald initiated coverage on SailPoint in a research note on Monday, June 30th. They issued an "overweight" rating and a $29.00 price target on the stock. Arete started coverage on shares of SailPoint in a report on Monday, July 7th. They issued a "sell" rating and a $16.00 price objective on the stock. Arete Research raised shares of SailPoint to a "strong sell" rating and set a $16.00 target price for the company in a research note on Monday, July 7th. The Goldman Sachs Group reiterated a "neutral" rating on shares of SailPoint in a research report on Wednesday, June 11th. Finally, Barclays boosted their price target 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 equities 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 given a Sell rating to the stock. Based on data from MarketBeat, the company has an average 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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