Goldman Sachs Group Inc. Takes Position in SailPoint, Inc. $SAIL

Key Points

• Goldman Sachs Group Inc. has acquired a new stake in SailPoint, Inc., purchasing 402,474 shares valued at approximately $7.5 million, which represents about 0.07% of the company's stock.
• Other hedge funds, including Vanguard Group Inc. and Alliancebernstein L.P., have also made significant investments in SailPoint during the first quarter, highlighting growing institutional interest.
• SailPoint reported a 32.9% increase in revenue year-over-year and exceeded earnings estimates for the quarter, showcasing its strong financial performance and growth trajectory.

Goldman Sachs Group Inc. purchased a new position in shares of SailPoint, Inc. (NASDAQ:SAIL - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 402,474 shares of the company's stock, valued at approximately $7,546,000. Goldman Sachs Group Inc. owned about 0.07% of SailPoint as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Assetmark Inc. bought a new stake in shares of SailPoint during the 1st quarter worth approximately $32,000. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of SailPoint in the 1st quarter valued at $49,000. Quarry LP purchased a new position in shares of SailPoint in the 1st quarter valued at $70,000. Picton Mahoney Asset Management purchased a new position in shares of SailPoint in the 1st quarter valued at $87,000. Finally, PNC Financial Services Group Inc. purchased a new position in shares of SailPoint in the 1st quarter valued at $150,000.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Mizuho lifted their price target on SailPoint from $24.00 to $26.00 and gave the company a "neutral" rating in a report on Wednesday, June 11th. Wells Fargo & Company boosted their target price on SailPoint from $16.00 to $20.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 12th. Cantor Fitzgerald started coverage on SailPoint in a research note on Monday, June 30th. They set an "overweight" rating and a $29.00 target price on the stock. Arete started coverage on SailPoint in a research note on Monday, July 7th. They set a "sell" rating and a $16.00 target price on the stock. Finally, The Goldman Sachs Group restated a "neutral" rating on shares of SailPoint in a research note on Wednesday, June 11th. 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 stock. According to MarketBeat, SailPoint has a consensus rating of "Moderate Buy" and a consensus target price of $25.48.

SailPoint Stock Down 1.7%

NASDAQ:SAIL traded down $0.38 during trading hours on Friday, reaching $22.05. 597,223 shares of the stock were exchanged, compared to its average volume of 2,187,395. The business has a 50-day moving average of $20.60 and a two-hundred day moving average of $19.90. 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 results on Tuesday, September 9th. The company reported $0.07 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.03. The firm had revenue of $264.36 million for the quarter, compared to analyst estimates of $243.41 million. The business's revenue for the quarter 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.

About SailPoint

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.