GW&K Investment Management LLC purchased a new position in shares of SailPoint, Inc. (NASDAQ:SAIL - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 115,912 shares of the company's stock, valued at approximately $2,173,000.
Separately, Stephens Investment Management Group LLC acquired a new stake in shares of SailPoint in the first quarter valued at about $23,213,000.
Analyst Ratings Changes
A number of analysts have recently commented 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. Wells Fargo & Company boosted their price objective on SailPoint from $16.00 to $20.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 12th. Barclays increased their target price on SailPoint from $23.00 to $25.00 and gave the company an "overweight" rating in a report on Thursday, June 12th. Arete started coverage on SailPoint in a research note on Monday, July 7th. They issued a "sell" rating and a $16.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their price objective on SailPoint from $25.00 to $26.00 and gave the company a "neutral" rating in a research note on Thursday, June 12th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, SailPoint presently has a consensus rating of "Moderate Buy" and an average price target of $25.47.
Check Out Our Latest Stock Report on SailPoint
SailPoint Price Performance
SAIL stock traded down $0.23 during trading on Friday, reaching $20.24. 1,202,676 shares of the stock were exchanged, compared to its average volume of 1,646,530. The stock has a 50 day simple moving average of $20.57. SailPoint, Inc. has a 1 year low of $15.05 and a 1 year 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 (EPS) for the quarter, topping analysts' consensus estimates of ($0.01) by $0.02. The firm had revenue of $230.47 million for 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.
SailPoint Company Profile
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Free Report)
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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