450,000 Shares in SailPoint, Inc. $SAIL Bought by Ghisallo Capital Management LLC

Key Points

• Ghisallo Capital Management LLC has acquired a new position in SailPoint, purchasing 450,000 shares valued at approximately $8.4 million.
• Wall Street analysts have a consensus rating of "Moderate Buy" for SailPoint, with a significant number of recent upgrades and a target price averaging $25.50.
• SailPoint's stock has fluctuated between a one-year low of $15.05 and a high of $26.35, currently trading at approximately $20.64.

Ghisallo Capital Management LLC acquired a new position in SailPoint, Inc. (NASDAQ:SAIL - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 450,000 shares of the company's stock, valued at approximately $8,438,000. Ghisallo Capital Management LLC owned 0.08% of SailPoint at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Stephens upgraded SailPoint to a "strong-buy" rating in a report on Tuesday, August 12th. The Goldman Sachs Group restated a "neutral" rating on shares of SailPoint in a report on Wednesday, June 11th. Arete started coverage on SailPoint in a research report on Monday, July 7th. They issued a "sell" rating and a $16.00 target price on the stock. JPMorgan Chase & Co. raised SailPoint from a "neutral" rating to an "overweight" rating and set a $26.00 target price on the stock in a research report on Wednesday, August 13th. Finally, Arete Research raised SailPoint to a "strong sell" rating and set a $16.00 target price on the stock in a research report on Monday, July 7th. One 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 issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $25.48.

SailPoint Price Performance

NASDAQ SAIL traded up $0.50 during trading on Friday, reaching $21.56. 2,221,527 shares of the company's stock were exchanged, compared to its average volume of 2,085,848. The business has a 50 day moving average price of $20.72 and a 200-day moving average price of $20.11. SailPoint, Inc. has a fifty-two week low of $15.05 and a fifty-two week high of $26.35.

SailPoint (NASDAQ:SAIL - Get Free Report) last announced its quarterly earnings results 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 analyst estimates of $225.18 million. SailPoint'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.

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.