Stony Point Capital LLC Makes New $281,000 Investment in SailPoint, Inc. $SAIL

Key Points

• Stony Point Capital LLC made a new investment of $281,000 in SailPoint, Inc., acquiring 15,000 shares of the company's stock during the first quarter.
• Analysts have set varying price targets for SailPoint, with JPMorgan raising its rating to "overweight" and a price target of $26.00, while Arete initiated coverage with a "sell" rating and a $16.00 price objective.
• SailPoint reported a quarterly revenue of $230.47 million, exceeding expectations and reflecting a 22.8% increase compared to the previous year, with earnings per share of $0.01.

Stony Point Capital LLC acquired a new position in SailPoint, Inc. (NASDAQ:SAIL - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,000 shares of the company's stock, valued at approximately $281,000.

A number of other institutional investors and hedge funds 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 acquired a new position in SailPoint in the first quarter worth $3,496,000. GW&K Investment Management LLC acquired a new position in SailPoint in the first quarter worth $2,173,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in SailPoint in the first quarter worth $1,683,000. Finally, Assetmark Inc. acquired a new position in SailPoint in the first quarter worth $32,000.

Analysts Set New Price Targets

SAIL has been the topic of a number of recent analyst reports. Arete initiated coverage on SailPoint in a research note on Monday, July 7th. They issued a "sell" rating and a $16.00 price objective on the stock. JPMorgan Chase & Co. raised SailPoint from a "neutral" rating to an "overweight" rating and set a $26.00 price target on the stock in a research note on Wednesday, August 13th. Cantor Fitzgerald started coverage on SailPoint in a research note on Monday, June 30th. They set an "overweight" rating and a $29.00 price target on the stock. Barclays upped their price target on SailPoint from $23.00 to $25.00 and gave the company an "overweight" rating in a research note on Thursday, June 12th. Finally, Mizuho upped their price target on SailPoint from $24.00 to $26.00 and gave the company a "neutral" rating in a research note on Wednesday, June 11th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.50.

SailPoint Stock Performance

Shares of SailPoint stock opened at $20.77 on Friday. SailPoint, Inc. has a 1 year low of $15.05 and a 1 year high of $26.35. The business has a 50-day moving average of $20.98 and a two-hundred day moving average of $20.08.

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

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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