HMI Capital Management L.P. Purchases New Shares in SailPoint, Inc. $SAIL

Key Points

• HMI Capital Management L.P. purchased approximately 534,987 shares of SailPoint, Inc. valued at around $10 million, marking it as the firm’s 12th largest investment position.
• Recent research reports show a mix of ratings for SailPoint, with targets ranging from $16.00 to $29.00, and an average rating of "Moderate Buy" with a consensus target price of $25.48.
• SailPoint's stock opened at $21.03, with a 12-month range between $15.05 and $26.35, and a recent earnings report showing a revenue of $230.47 million, up 22.8% year-over-year.

HMI Capital Management L.P. acquired a new stake in shares of SailPoint, Inc. (NASDAQ:SAIL - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 534,987 shares of the company's stock, valued at approximately $10,031,000. SailPoint makes up about 0.5% of HMI Capital Management L.P.'s holdings, making the stock its 12th largest holding. HMI Capital Management L.P. owned about 0.10% of SailPoint as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Assetmark Inc. purchased a new position in SailPoint in the 1st quarter worth approximately $32,000. Kayne Anderson Rudnick Investment Management LLC purchased a new position in SailPoint in the 1st quarter worth approximately $49,000. Quarry LP purchased a new position in SailPoint in the 1st quarter worth approximately $70,000. Picton Mahoney Asset Management purchased a new position in SailPoint in the 1st quarter worth approximately $87,000. Finally, PNC Financial Services Group Inc. purchased a new position in SailPoint in the 1st quarter worth approximately $150,000.

SailPoint Trading Up 1.9%

Shares of NASDAQ SAIL traded up $0.41 during mid-day trading on Monday, hitting $22.39. 5,062,661 shares of the stock traded hands, compared to its average volume of 2,120,076. SailPoint, Inc. has a 52 week low of $15.05 and a 52 week high of $26.35. The stock has a fifty day moving average price of $20.70 and a 200-day moving average price of $20.04.

SailPoint (NASDAQ:SAIL - Get Free Report) last released its quarterly earnings results on Wednesday, June 11th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.02. The firm had revenue of $230.47 million for the quarter, compared to the consensus estimate of $225.18 million. The business'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.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. BMO Capital Markets lifted their price target on SailPoint from $26.00 to $27.00 and gave the stock an "outperform" rating in a research note on Thursday, June 12th. Mizuho lifted their price target on SailPoint from $24.00 to $26.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 11th. Arete Research raised SailPoint to a "strong sell" rating and set a $16.00 price target on the stock in a research note on Monday, July 7th. Barclays lifted their price target on SailPoint from $23.00 to $25.00 and gave the stock an "overweight" rating in a research note on Thursday, June 12th. Finally, Cantor Fitzgerald started coverage on SailPoint in a research report on Monday, June 30th. They issued an "overweight" rating and a $29.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.48.

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.