Hsbc Holdings PLC Invests $332,000 in SailPoint, Inc. $SAIL

Key Points

• HSBC Holdings PLC has acquired a new stake in SailPoint, Inc., purchasing 17,682 shares valued at approximately $332,000 in the first quarter.
• Several hedge funds have also invested in SailPoint, with Vanguard Group leading by buying a stake worth $94.19 million.
• Wall Street analysts have issued a mixed set of ratings for SailPoint, with a consensus rating of "Moderate Buy" and a target price of $25.48.

Hsbc Holdings PLC purchased a new position in shares of SailPoint, Inc. (NASDAQ:SAIL - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 17,682 shares of the company's stock, valued at approximately $332,000.

Several other large investors have also recently added to or reduced their stakes in the business. Assetmark Inc. acquired a new position in shares of SailPoint during the 1st quarter valued at $32,000. Picton Mahoney Asset Management purchased a new stake in shares of SailPoint during the first quarter worth $87,000. PNC Financial Services Group Inc. bought a new position in SailPoint during the first quarter valued at about $150,000. Caitong International Asset Management Co. Ltd bought a new position in SailPoint during the first quarter valued at about $212,000. Finally, US Bancorp DE bought a new position in shares of SailPoint in the first quarter worth about $213,000.

Wall Street Analyst Weigh In

SAIL has been the topic of several recent research reports. Cantor Fitzgerald began coverage on SailPoint in a report on Monday, June 30th. They set an "overweight" rating and a $29.00 price objective on the stock. Barclays boosted their price objective on shares of SailPoint from $23.00 to $25.00 and gave the stock an "overweight" rating in a research report on Thursday, June 12th. Mizuho upped their target price 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. Arete assumed coverage on shares of SailPoint in a research report on Monday, July 7th. They issued a "sell" rating and a $16.00 price objective for the company. Finally, Wells Fargo & Company upped their target price on shares of SailPoint from $16.00 to $20.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 12th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, SailPoint currently has a consensus rating of "Moderate Buy" and a consensus target price of $25.58.

SailPoint Stock Performance

NASDAQ:SAIL traded down $1.92 during mid-day trading on Tuesday, reaching $20.47. The stock had a trading volume of 4,119,122 shares, compared to its average volume of 2,132,105. SailPoint, Inc. has a 12 month low of $15.05 and a 12 month high of $26.35. The stock has a 50-day simple moving average of $20.70 and a two-hundred day simple moving average of $20.02.

SailPoint (NASDAQ:SAIL - Get Free Report) last issued its earnings results on Tuesday, September 9th. The company reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.03. The company's revenue was up 32.9% on a year-over-year basis. SailPoint has set its FY 2026 guidance at 0.200-0.220 EPS. Q3 2026 guidance at 0.050-0.06 EPS.

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.