Russell Investments Group Ltd. Makes New Investment in SailPoint, Inc. $SAIL

Key Points

• Russell Investments Group Ltd. acquired a new stake in SailPoint, purchasing 59,290 shares valued at approximately $1,112,000 during the first quarter.
• SailPoint reported a quarterly revenue increase of 22.8% year-over-year, amounting to $230.47 million, and beat earnings estimates with $0.01 per share.
• Analyst opinions on SailPoint vary, with a consensus rating of "Moderate Buy" and a target price of $25.50, reflecting mixed views on future performance.

Russell Investments Group Ltd. acquired a new stake in SailPoint, Inc. (NASDAQ:SAIL - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 59,290 shares of the company's stock, valued at approximately $1,112,000.

Other institutional investors have also bought and sold shares of the company. Assetmark Inc. purchased a new stake in shares of SailPoint during the first quarter worth $32,000. Picton Mahoney Asset Management purchased a new stake in shares of SailPoint in the first quarter worth about $87,000. PNC Financial Services Group Inc. purchased a new stake in shares of SailPoint in the first quarter worth about $150,000. US Bancorp DE bought a new position in SailPoint in the 1st quarter valued at $213,000. Finally, Natixis Advisors LLC purchased a new position in SailPoint during the first quarter worth about $835,000.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Cantor Fitzgerald initiated coverage on SailPoint in a research note on Monday, June 30th. They issued an "overweight" rating and a $29.00 target price on the stock. Arete assumed coverage on SailPoint in a research report on Monday, July 7th. They issued a "sell" rating and a $16.00 price target on the stock. Stephens raised SailPoint to a "strong-buy" rating in a research note on Tuesday, August 12th. The Goldman Sachs Group reissued a "neutral" rating on shares of SailPoint in a research note on Wednesday, June 11th. Finally, Wells Fargo & Company increased their target price on SailPoint from $16.00 to $20.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $25.50.

SailPoint Stock Down 0.6%

SAIL stock traded down $0.13 during midday trading on Friday, reaching $20.64. 1,272,026 shares of the company's stock traded hands, compared to its average volume of 2,289,244. SailPoint, Inc. has a 52-week low of $15.05 and a 52-week high of $26.35. The stock's 50-day moving average is $20.94 and its 200 day moving average is $20.08.

SailPoint (NASDAQ:SAIL - Get Free Report) last posted its quarterly earnings data on Wednesday, June 11th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. The company had revenue of $230.47 million during the quarter, compared to analysts' expectations of $225.18 million. The business's revenue for the quarter was up 22.8% on a year-over-year basis. SailPoint has set its FY 2026 guidance at 0.160-0.200 EPS. Q2 2026 guidance at 0.040-0.050 EPS.

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.