Jump Financial LLC Purchases Shares of 13,900 SailPoint, Inc. $SAIL

Key Points

• Jump Financial LLC purchased 13,900 shares of SailPoint, Inc. for approximately $261,000 during the 1st quarter, indicating growing interest from institutional investors.
• SailPoint's shares have experienced significant trading activity, with a 1-year low of $15.05 and a high of $26.35, and currently trading at $21.03.
• The company beat analysts' expectations in its latest quarterly earnings, reporting $0.01 earnings per share and $230.47 million in revenue, which is a 22.8% increase year-over-year.

Jump Financial LLC bought a new position in shares of SailPoint, Inc. (NASDAQ:SAIL - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,900 shares of the company's stock, valued at approximately $261,000.

A number of other large investors have also modified their holdings of the business. Assetmark Inc. purchased a new position in shares of SailPoint during the 1st quarter worth approximately $32,000. Picton Mahoney Asset Management purchased a new position in shares of SailPoint during the 1st quarter worth approximately $87,000. PNC Financial Services Group Inc. purchased a new position in shares of SailPoint during the 1st quarter worth approximately $150,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of SailPoint during the 1st quarter worth approximately $212,000. Finally, US Bancorp DE purchased a new position in shares of SailPoint during the 1st quarter worth approximately $213,000.

SailPoint Trading Down 8.6%

Shares of SailPoint stock traded down $1.93 during trading on Tuesday, hitting $20.46. 4,364,324 shares of the company were exchanged, compared to its average volume of 2,134,212. SailPoint, Inc. has a fifty-two week low of $15.05 and a fifty-two week high of $26.35. The firm has a 50 day moving average price of $20.70 and a 200 day moving average price of $20.02.

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SAIL. Barclays increased their target price on SailPoint from $23.00 to $25.00 and gave the stock an "overweight" rating in a research note on Thursday, June 12th. Mizuho lifted their price target 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. Cantor Fitzgerald started coverage on shares of SailPoint in a research report on Monday, June 30th. They set an "overweight" rating and a $29.00 price target for the company. JPMorgan Chase & Co. upgraded shares of SailPoint from a "neutral" rating to an "overweight" rating and set a $26.00 price target for the company in a research report on Wednesday, August 13th. Finally, Morgan Stanley upgraded shares of SailPoint from an "equal weight" rating to an "overweight" rating and set a $25.00 price target for the company in a research report on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $25.58.

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.