Natixis Advisors LLC Takes Position in SailPoint, Inc. (NASDAQ:SAIL)

Natixis Advisors LLC acquired a new position in shares of SailPoint, Inc. (NASDAQ:SAIL - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 44,552 shares of the company's stock, valued at approximately $835,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Stephens Investment Management Group LLC acquired a new stake in SailPoint in the first quarter valued at $23,213,000. Allianz Asset Management GmbH acquired a new stake in SailPoint in the first quarter valued at $3,496,000. GW&K Investment Management LLC acquired a new stake in SailPoint in the first quarter valued at $2,173,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in SailPoint in the first quarter valued at $1,683,000. Finally, Assetmark Inc. acquired a new stake in SailPoint in the first quarter valued at $32,000.

SailPoint Stock Performance

Shares of NASDAQ:SAIL traded up $0.02 on Thursday, hitting $19.92. The company's stock had a trading volume of 1,482,558 shares, compared to its average volume of 2,108,055. SailPoint, Inc. has a 12 month low of $15.05 and a 12 month high of $26.35. The company's 50-day moving average price is $21.28.

SailPoint (NASDAQ:SAIL - Get Free Report) last released its quarterly earnings results on Wednesday, June 11th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02. The business had revenue of $230.47 million during the quarter, compared to the consensus estimate of $225.18 million. SailPoint's revenue for the quarter was up 22.8% compared to the same quarter last year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SAIL. Cantor Fitzgerald began coverage on SailPoint in a research note on Monday, June 30th. They set an "overweight" rating and a $29.00 price objective on the stock. The Goldman Sachs Group reissued a "neutral" rating on shares of SailPoint in a research note on Wednesday, June 11th. Barclays increased their target price 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. Wells Fargo & Company raised their target price on SailPoint from $16.00 to $20.00 and gave the company an "equal weight" rating in a report on Thursday, June 12th. Finally, Arete began coverage on SailPoint in a report on Monday, July 7th. They set a "sell" rating and a $16.00 target price on the stock. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $25.50.

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.