GW&K Investment Management LLC Makes New Investment in SailPoint, Inc. (NASDAQ:SAIL)

GW&K Investment Management LLC purchased a new position in SailPoint, Inc. (NASDAQ:SAIL - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 115,912 shares of the company's stock, valued at approximately $2,173,000.

Separately, Allianz Asset Management GmbH acquired a new stake in shares of SailPoint during the 1st quarter valued at about $3,496,000.

SailPoint Stock Performance

NASDAQ:SAIL traded down $0.32 during mid-day trading on Thursday, reaching $20.47. 1,403,331 shares of the company's stock were exchanged, compared to its average volume of 1,970,481. SailPoint, Inc. has a one year low of $15.05 and a one year high of $26.35. The business's fifty day moving average is $20.50.

SailPoint (NASDAQ:SAIL - Get Free Report) last posted its quarterly earnings results on Wednesday, June 11th. The company reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.02. The company had revenue of $230.47 million during the quarter, compared to analyst estimates of $225.18 million. The business's quarterly revenue was up 22.8% on a year-over-year basis.

Analyst Upgrades and Downgrades

SAIL has been the topic of a number of recent analyst reports. The Goldman Sachs Group restated a "neutral" rating on shares of SailPoint in a research report on Wednesday, June 11th. Cantor Fitzgerald initiated coverage on shares of SailPoint in a research report on Monday, June 30th. They issued an "overweight" rating and a $29.00 price target on the stock. 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 report on Thursday, June 12th. Mizuho boosted their price target on shares of SailPoint from $24.00 to $26.00 and gave the company a "neutral" rating in a research report on Wednesday, June 11th. Finally, Wells Fargo & Company boosted their price target on shares of SailPoint from $16.00 to $20.00 and gave the company an "equal weight" rating in a research report on Thursday, June 12th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, SailPoint currently has an average rating of "Moderate Buy" and a consensus price target of $25.47.

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.