Stephens Investment Management Group LLC acquired a new position in shares of SailPoint, Inc. (NASDAQ:SAIL - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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.
SailPoint Stock Down 0.8%
SAIL traded down $0.17 on Thursday, hitting $20.43. 1,223,390 shares of the stock were exchanged, compared to its average volume of 1,791,585. SailPoint, Inc. has a 12 month low of $15.05 and a 12 month high of $26.35. The company has a 50-day moving average of $20.38.
SailPoint (NASDAQ:SAIL - Get Free Report) last issued its earnings results on Wednesday, June 11th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. The business had revenue of $230.47 million for the quarter, compared to analyst estimates of $225.18 million. SailPoint's revenue for the quarter was up 22.8% compared to the same quarter last year.
Analyst Ratings Changes
A number of equities analysts recently weighed in on SAIL shares. Jefferies Financial Group lowered their target price on shares of SailPoint from $26.00 to $24.00 and set a "buy" rating on the stock in a report on Monday, March 31st. JPMorgan Chase & Co. boosted their target price on shares of SailPoint from $25.00 to $26.00 and gave the stock a "neutral" rating in a report on Thursday, June 12th. BMO Capital Markets boosted their target price on shares of SailPoint from $26.00 to $27.00 and gave the stock an "outperform" rating in a report on Thursday, June 12th. The Goldman Sachs Group restated a "neutral" rating on shares of SailPoint in a report on Wednesday, June 11th. Finally, Arete started coverage on shares of SailPoint in a report on Monday, July 7th. They issued a "sell" rating and a $16.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $25.47.
View Our Latest Report on SailPoint
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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