Pinnacle Investment Management Ltd Invests $1.60 Million in SailPoint, Inc. $SAIL

Key Points

• Pinnacle Investment Management Ltd invested approximately $1.60 million to acquire 70,000 shares of SailPoint, Inc., making it the fund's fourth largest position with 9.2% of its portfolio.
• SailPoint reported Q2 earnings with an EPS of $0.07, exceeding expectations and a revenue increase of 32.9% year-over-year, amounting to $264.36 million.
• Analyst ratings for SailPoint vary, with a consensus of "Moderate Buy" and a price target of $25.58, while some firms set targets as high as $29.00.

Pinnacle Investment Management Ltd acquired a new stake in shares of SailPoint, Inc. (NASDAQ:SAIL - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 70,000 shares of the company's stock, valued at approximately $1,600,000. SailPoint comprises approximately 9.2% of Pinnacle Investment Management Ltd's investment portfolio, making the stock its 4th largest position.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. purchased a new stake in shares of SailPoint in the first quarter worth $94,194,000. Alliancebernstein L.P. purchased a new position in SailPoint during the first quarter worth $55,644,000. Voya Investment Management LLC purchased a new stake in shares of SailPoint during the first quarter valued at $53,616,000. T. Rowe Price Investment Management Inc. purchased a new stake in SailPoint in the 1st quarter valued at about $46,875,000. Finally, Ameriprise Financial Inc. purchased a new stake in shares of SailPoint in the 1st quarter worth $42,585,000.

SailPoint Trading Up 3.2%

Shares of NASDAQ:SAIL opened at $22.79 on Thursday. SailPoint, Inc. has a 12 month low of $15.05 and a 12 month high of $26.35. The company's fifty day moving average price is $20.92 and its 200 day moving average price is $19.94.

SailPoint (NASDAQ:SAIL - Get Free Report) last posted its quarterly earnings data on Tuesday, September 9th. The company reported $0.07 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.03. The business had revenue of $264.36 million during the quarter, compared to analyst estimates of $243.41 million. The business'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.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SAIL. Royal Bank Of Canada restated an "outperform" rating and set a $29.00 target price (up previously from $27.00) on shares of SailPoint in a report on Thursday, June 12th. The Goldman Sachs Group restated a "neutral" rating on shares of SailPoint in a research note on Wednesday, June 11th. Arete initiated coverage on SailPoint in a research note on Monday, July 7th. They set a "sell" rating and a $16.00 price objective for the company. BTIG Research reaffirmed a "buy" rating and issued a $29.00 price objective on shares of SailPoint in a report on Tuesday. Finally, Cantor Fitzgerald initiated coverage on shares of SailPoint in a research note on Monday, June 30th. They set an "overweight" rating and a $29.00 target price for the company. One equities research 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 assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $25.58.

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.

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