Maverick Capital Ltd. Makes New Investment in SailPoint, Inc. $SAIL

Key Points

• Maverick Capital Ltd. has acquired a new stake in SailPoint, Inc., purchasing 966,050 shares valued at approximately $18.1 million, representing about 0.17% ownership.
• SailPoint reported a 22.8% increase in revenue year-over-year for the quarter, totaling $230.47 million, and exceeded earnings expectations with $0.01 EPS.
• Multiple analysts have upgraded their price targets for SailPoint, with a consensus target price now at $25.50 and a general rating of "Moderate Buy."

Maverick Capital Ltd. bought a new stake in shares of SailPoint, Inc. (NASDAQ:SAIL - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 966,050 shares of the company's stock, valued at approximately $18,113,000. Maverick Capital Ltd. owned approximately 0.17% of SailPoint at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SAIL. Assetmark Inc. bought a new position in SailPoint in the first quarter worth approximately $32,000. Kayne Anderson Rudnick Investment Management LLC bought a new position in SailPoint in the first quarter worth approximately $49,000. Quarry LP bought a new position in SailPoint in the first quarter worth approximately $70,000. Picton Mahoney Asset Management bought a new position in SailPoint in the first quarter worth approximately $87,000. Finally, PNC Financial Services Group Inc. bought a new position in SailPoint in the first quarter worth approximately $150,000.

SailPoint Stock Performance

Shares of SailPoint stock traded up $0.92 on Friday, hitting $21.98. The company had a trading volume of 3,977,584 shares, compared to its average volume of 2,106,432. The stock has a 50 day moving average of $20.70 and a 200-day moving average of $20.11. 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 results on Wednesday, June 11th. The company reported $0.01 EPS for the quarter, beating analysts' consensus estimates of ($0.01) by $0.02. The business had revenue of $230.47 million for the quarter, compared to analysts' expectations of $225.18 million. The firm's revenue for the quarter 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

SAIL has been the topic of several recent research reports. Stephens upgraded SailPoint to a "strong-buy" rating in a report on Tuesday, August 12th. Cantor Fitzgerald started coverage on SailPoint in a research note on Monday, June 30th. They issued an "overweight" rating and a $29.00 price objective for the company. Scotiabank started coverage on SailPoint in a research note on Wednesday. They issued a "sector outperform" rating and a $25.00 price objective for the company. Royal Bank Of Canada reissued an "outperform" rating and issued a $29.00 price objective (up from $27.00) on shares of SailPoint in a research note on Thursday, June 12th. Finally, Arete started coverage on SailPoint in a research note on Monday, July 7th. They issued a "sell" rating and a $16.00 price objective for the company. One equities research 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 issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average 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.