Siren L.L.C. Invests $1.78 Million in SailPoint, Inc. $SAIL

Key Points

• Siren L.L.C. invested approximately $1.78 million in SailPoint, purchasing 95,000 shares during the first quarter.
• SailPoint reported earnings with a 22.8% revenue increase compared to the same quarter last year, reaching $230.47 million and earnings per share of $0.01, exceeding estimates.
• Analyst ratings for SailPoint are varied, with one strong buy, twelve buy, and two sell ratings, while the consensus target price stands at $25.50.

Siren L.L.C. purchased a new position in shares of SailPoint, Inc. (NASDAQ:SAIL - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 95,000 shares of the company's stock, valued at approximately $1,781,000.

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

SailPoint Stock Performance

Shares of NASDAQ SAIL opened at $20.77 on Friday. The firm has a 50 day moving average price of $20.98 and a 200 day moving average price of $20.08. SailPoint, Inc. has a 52-week low of $15.05 and a 52-week high of $26.35.

SailPoint (NASDAQ:SAIL - Get Free Report) last posted its earnings results on Wednesday, June 11th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. The firm had revenue of $230.47 million during the quarter, compared to analyst estimates of $225.18 million. The company's revenue 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.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SAIL. Arete Research upgraded shares of SailPoint to a "strong sell" rating and set a $16.00 price objective for the company in a research report on Monday, July 7th. Wells Fargo & Company boosted their target price on SailPoint from $16.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 12th. Stephens raised SailPoint to a "strong-buy" rating in a research note on Tuesday, August 12th. The Goldman Sachs Group reiterated a "neutral" rating on shares of SailPoint in a report on Wednesday, June 11th. Finally, Mizuho lifted their price objective on SailPoint from $24.00 to $26.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, SailPoint currently has a consensus rating of "Moderate Buy" and a consensus 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.

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