194,840 Shares in SailPoint, Inc. (NASDAQ:SAIL) Purchased by TD Asset Management Inc

Key Points

• TD Asset Management Inc acquired 194,840 shares of SailPoint, Inc., valued at approximately $3,653,000, marking a significant investment during the first quarter.
• SailPoint's stock has a 52-week range of $15.05 to $26.35, with an opening price of $20.62, reflecting its price performance amidst recent acquisitions.
• The company reported earnings of $0.01 per share, exceeding the expectations of analysts, with a revenue increase of 22.8% year-over-year for the quarter.

TD Asset Management Inc acquired a new stake in SailPoint, Inc. (NASDAQ:SAIL - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 194,840 shares of the company's stock, valued at approximately $3,653,000.

Several other institutional investors and hedge funds have also bought and sold shares of SAIL. Assetmark Inc. purchased a new position in shares of SailPoint during the 1st quarter valued at $32,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of SailPoint in the first quarter worth approximately $1,683,000. GW&K Investment Management LLC purchased a new position in SailPoint in the first quarter worth $2,173,000. Allianz Asset Management GmbH bought a new position in SailPoint in the first quarter valued at $3,496,000. Finally, Phoenix Financial Ltd. purchased a new stake in SailPoint during the first quarter valued at about $4,321,000.

SailPoint Stock Performance

Shares of SAIL traded up $0.55 during mid-day trading on Wednesday, hitting $20.05. 682,139 shares of the company's stock traded hands, compared to its average volume of 2,054,597. The business has a 50-day simple moving average of $21.06. 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 issued its quarterly earnings data on Wednesday, June 11th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.01) by $0.02. The company had revenue of $230.47 million for the quarter, compared to analysts' expectations of $225.18 million. SailPoint's quarterly revenue was up 22.8% on a year-over-year basis.

Analysts Set New Price Targets

Several equities analysts have recently commented on SAIL shares. The Goldman Sachs Group reiterated a "neutral" rating on shares of SailPoint in a research report on Wednesday, June 11th. Wells Fargo & Company lifted their price target on shares of SailPoint from $16.00 to $20.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 12th. Barclays boosted their price objective on shares of SailPoint from $23.00 to $25.00 and gave the stock an "overweight" rating in a report on Thursday, June 12th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $29.00 target price (up previously from $27.00) on shares of SailPoint in a report on Thursday, June 12th. Finally, Morgan Stanley lowered their price target on shares of SailPoint from $26.00 to $25.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, SailPoint currently has an average rating of "Moderate Buy" and a consensus price target of $25.47.

SailPoint 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.