Stephens Investment Management Group LLC acquired a new position in shares of SailPoint, Inc. (NASDAQ:SAIL - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,238,014 shares of the company's stock, valued at approximately $23,213,000. Stephens Investment Management Group LLC owned about 0.22% of SailPoint at the end of the most recent reporting period.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on SAIL. Royal Bank Of Canada reissued 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. Mizuho increased their price objective on shares of SailPoint from $24.00 to $26.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 11th. Arete started coverage on shares of SailPoint in a report on Monday, July 7th. They issued a "sell" rating and a $16.00 target price on the stock. BMO Capital Markets upped their price target on shares of SailPoint from $26.00 to $27.00 and gave the company an "outperform" rating in a research report on Thursday, June 12th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating on shares of SailPoint in a research report on Wednesday, June 11th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, SailPoint has a consensus rating of "Moderate Buy" and an average price target of $25.47.
Check Out Our Latest Report on SAIL
SailPoint Trading Down 3.5%
SAIL stock opened at $20.18 on Monday. The stock's 50-day moving average is $20.22. SailPoint, Inc. has a 1 year low of $15.05 and a 1 year high of $26.35.
SailPoint (NASDAQ:SAIL - Get Free Report) last released its quarterly earnings data on Wednesday, June 11th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.01) by $0.02. The company had revenue of $230.47 million for the quarter, compared to the consensus estimate of $225.18 million. SailPoint's revenue was up 22.8% on a year-over-year basis.
SailPoint Company Profile
(
Free Report)
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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