Siren L.L.C. Makes New $1.78 Million Investment in 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. acquired a new stake in shares of SailPoint, Inc. (NASDAQ:SAIL - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 95,000 shares of the company's stock, valued at approximately $1,781,000.

Several other hedge funds also recently bought and sold shares of the company. Woodline Partners LP purchased a new stake in SailPoint in the 1st quarter worth $8,032,000. Zimmer Partners LP purchased a new position in shares of SailPoint in the first quarter valued at about $1,969,000. Goldman Sachs Group Inc. bought a new position in shares of SailPoint in the first quarter worth about $7,546,000. Infinitum Asset Management LLC purchased a new stake in shares of SailPoint during the first quarter worth about $1,875,000. Finally, Scientech Research LLC purchased a new stake in shares of SailPoint during the first quarter worth about $623,000.

Analysts Set New Price Targets

Several research firms recently issued reports on SAIL. JPMorgan Chase & Co. upgraded SailPoint from a "neutral" rating to an "overweight" rating and set a $26.00 target price for the company in a research report on Wednesday, August 13th. 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 report on Thursday, June 12th. BMO Capital Markets cut their target price on SailPoint from $27.00 to $25.00 and set an "outperform" rating for the company in a research report on Tuesday. Royal Bank Of Canada reiterated an "outperform" rating and set a $29.00 target price (up previously from $27.00) on shares of SailPoint in a research report on Thursday, June 12th. Finally, Arete began coverage on shares of SailPoint in a report on Monday, July 7th. They issued a "sell" rating and a $16.00 price target on the stock. One 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. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $25.48.

SailPoint Trading Down 4.1%

Shares of NASDAQ SAIL opened at $19.81 on Thursday. The firm's fifty day moving average is $20.64 and its two-hundred day moving average is $19.96. 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 announced its quarterly earnings results on Tuesday, September 9th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.03. The company had revenue of $264.36 million during the quarter, compared to the consensus estimate of $243.41 million. The company's quarterly revenue was up 32.9% on a year-over-year basis. 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.

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