100,000 Shares in SailPoint, Inc. $SAIL Bought by Infinitum Asset Management LLC

Key Points

• Infinitum Asset Management LLC made a new stake in SailPoint, buying 100,000 shares valued at approximately $1,875,000, making it the 23rd largest position in their portfolio.
• SailPoint's stock traded up 4.4%, reaching $21.98, with a yearly low of $15.05 and a high of $26.35.
• Wall Street analysts have given SailPoint an average rating of "Moderate Buy" with a price target of $25.48, after several upgrades from notable firms.

Infinitum Asset Management LLC purchased a new stake in shares of SailPoint, Inc. (NASDAQ:SAIL - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 100,000 shares of the company's stock, valued at approximately $1,875,000. SailPoint accounts for approximately 0.6% of Infinitum Asset Management LLC's investment portfolio, making the stock its 23rd biggest holding.

Several other institutional investors have also added to or reduced their stakes in SAIL. Scientech Research LLC purchased a new stake in shares of SailPoint in the 1st quarter worth $623,000. HMI Capital Management L.P. purchased a new stake in shares of SailPoint in the first quarter worth $10,031,000. Alliancebernstein L.P. bought a new stake in shares of SailPoint during the 1st quarter valued at $55,644,000. Altimeter Capital Management LP purchased a new position in shares of SailPoint during the 1st quarter valued at $4,688,000. Finally, HBK Investments L P purchased a new position in shares of SailPoint during the 1st quarter valued at $6,562,000.

SailPoint Trading Down 4.1%

Shares of SAIL stock traded down $0.85 on Wednesday, reaching $19.81. The company's stock had a trading volume of 6,132,692 shares, compared to its average volume of 2,195,489. The stock's fifty day simple moving average is $20.64 and its 200-day simple moving average is $19.96. 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 issued its quarterly earnings data on Tuesday, September 9th. The company reported $0.07 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.03. The business had revenue of $264.36 million during the quarter, compared to analysts' expectations of $243.41 million. SailPoint's quarterly 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.

Analyst Ratings Changes

Several equities analysts have recently commented on SAIL shares. Wells Fargo & Company boosted their price objective on SailPoint from $16.00 to $20.00 and gave the company an "equal weight" rating in a research report on Thursday, June 12th. BMO Capital Markets decreased their target price on SailPoint from $27.00 to $25.00 and set an "outperform" rating on the stock in a research note on Tuesday. Scotiabank began coverage on shares of SailPoint in a report on Wednesday, September 3rd. They set a "sector outperform" rating and a $25.00 price objective for the company. The Goldman Sachs Group reaffirmed a "neutral" rating on shares of SailPoint in a report on Wednesday, June 11th. Finally, Stephens raised shares of SailPoint to a "strong-buy" rating in a report on Tuesday, August 12th. One investment 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $25.48.

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.