Siren L.L.C. Buys Shares of 95,000 SailPoint, Inc. $SAIL

Key Points

• Siren L.L.C. invested approximately $1.78 million in SailPoint, Inc., acquiring 95,000 shares during the first quarter, according to its SEC filing.
• Several hedge funds, including Goldman Sachs and Woodline Partners, also made significant investments in SailPoint during the same period, reflecting growing interest in the company.
• Analysts have set varying price targets for SailPoint, with JPMorgan Chase upgrading their rating to "overweight" and setting a target price of $26.00, while the average price target among analysts is currently $25.48.

Siren L.L.C. bought a new stake in SailPoint, Inc. (NASDAQ:SAIL - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 95,000 shares of the company's stock, valued at approximately $1,781,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. bought a new stake in SailPoint during the first quarter worth $94,194,000. Alliancebernstein L.P. acquired a new position in SailPoint during the 1st quarter valued at about $55,644,000. T. Rowe Price Investment Management Inc. bought a new position in shares of SailPoint during the 1st quarter worth approximately $46,875,000. Ameriprise Financial Inc. bought a new stake in shares of SailPoint in the 1st quarter worth approximately $42,585,000. Finally, Stephens Investment Management Group LLC purchased a new position in SailPoint in the 1st quarter valued at approximately $23,213,000.

Analyst Upgrades and Downgrades

SAIL has been the subject of several recent research reports. BMO Capital Markets lowered their price target on shares of SailPoint from $27.00 to $25.00 and set an "outperform" rating for the company in a research note on Tuesday, September 9th. JPMorgan Chase & Co. upgraded shares of SailPoint from a "neutral" rating to an "overweight" rating and set a $26.00 price target on the stock in a report on Wednesday, August 13th. Mizuho raised their target price on shares of SailPoint from $24.00 to $26.00 and gave the stock a "neutral" rating in a report on Wednesday, June 11th. The Goldman Sachs Group reiterated a "neutral" rating on shares of SailPoint in a research report on Wednesday, June 11th. Finally, Barclays raised their price objective on shares of SailPoint from $23.00 to $25.00 and gave the company an "overweight" rating in a research report on Thursday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.48.

SailPoint Stock Performance

SAIL traded up $0.05 during trading hours on Tuesday, hitting $21.74. 748,851 shares of the stock were exchanged, compared to its average volume of 2,200,818. SailPoint, Inc. has a 12 month low of $15.05 and a 12 month high of $26.35. The stock has a 50-day simple moving average of $20.59 and a 200-day simple moving average of $19.92.

SailPoint (NASDAQ:SAIL - Get Free Report) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $243.41 million. SailPoint's revenue for the quarter 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.

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.