HBK Investments L P Takes $6.56 Million Position in SailPoint, Inc. $SAIL

Key Points

• HBK Investments L P has acquired 350,000 shares of SailPoint, Inc., valued at approximately $6.56 million, representing 0.06% ownership of the company.
• SailPoint's stock has a current price of $20.64, with a 12-month range between $15.05 and $26.35, and a consensus price target of $25.50 from analysts.
• The company reported a quarterly revenue increase of 22.8% year-over-year, with $230.47 million generated, beating analyst expectations.

HBK Investments L P purchased a new stake in SailPoint, Inc. (NASDAQ:SAIL - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 350,000 shares of the company's stock, valued at approximately $6,562,000. HBK Investments L P owned approximately 0.06% of SailPoint at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. acquired a new stake in shares of SailPoint in the 1st quarter worth about $32,000. Kayne Anderson Rudnick Investment Management LLC bought a new stake in SailPoint in the 1st quarter worth about $49,000. Quarry LP bought a new stake in SailPoint in the 1st quarter worth about $70,000. Picton Mahoney Asset Management bought a new stake in SailPoint in the 1st quarter worth about $87,000. Finally, PNC Financial Services Group Inc. bought a new stake in SailPoint in the 1st quarter worth about $150,000.

Analyst Ratings Changes

SAIL has been the subject of a number of research reports. Scotiabank initiated coverage on shares of SailPoint in a research report on Wednesday. They set a "sector outperform" rating and a $25.00 target price for the company. Cantor Fitzgerald initiated coverage on shares of SailPoint in a research report on Monday, June 30th. They set an "overweight" rating and a $29.00 target price for the company. JPMorgan Chase & Co. raised shares of SailPoint from a "neutral" rating to an "overweight" rating and set a $26.00 target price for the company in a research report on Wednesday, August 13th. Arete Research raised shares of SailPoint to a "strong sell" rating and set a $16.00 target price for the company in a research report on Monday, July 7th. Finally, BMO Capital Markets increased their target price on shares of SailPoint from $26.00 to $27.00 and gave the company an "outperform" rating in a research report on Thursday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $25.48.

SailPoint Stock Up 4.4%

SailPoint stock traded up $0.92 during mid-day trading on Friday, reaching $21.98. The company's stock had a trading volume of 3,977,584 shares, compared to its average volume of 2,106,432. SailPoint, Inc. has a 12-month low of $15.05 and a 12-month high of $26.35. The firm's fifty day moving average price is $20.70 and its two-hundred day moving average price is $20.11.

SailPoint (NASDAQ:SAIL - Get Free Report) last released its quarterly earnings data 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 business had revenue of $230.47 million during the quarter, compared to analysts' expectations of $225.18 million. The company's revenue for the quarter 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.

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.