Troluce Capital Advisors LLC Buys New Position in SailPoint, Inc. $SAIL

Key Points

• Troluce Capital Advisors LLC acquired 25,144 shares of SailPoint, Inc., valued at approximately $471,000, making it the firm’s 24th largest holding.
• Recent analyst upgrades have increased SailPoint's price targets, with Barclays raising it to $25.00 and JPMorgan Chase upgrading to an "overweight" rating with a target of $26.00.
• SailPoint reported a quarterly revenue of $230.47 million, exceeding estimates, along with an earnings per share of $0.01, marking a year-over-year revenue increase of 22.8%.

Troluce Capital Advisors LLC bought a new position in shares of SailPoint, Inc. (NASDAQ:SAIL - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 25,144 shares of the company's stock, valued at approximately $471,000. SailPoint makes up about 0.1% of Troluce Capital Advisors LLC's investment portfolio, making the stock its 24th biggest position.

Other large investors also recently modified their holdings of the company. Phoenix Financial Ltd. acquired a new stake in shares of SailPoint during the 1st quarter worth $4,321,000. PNC Financial Services Group Inc. acquired a new stake in shares of SailPoint during the 1st quarter worth $150,000. Vanguard Group Inc. bought a new stake in shares of SailPoint during the 1st quarter worth $94,194,000. T. Rowe Price Investment Management Inc. bought a new stake in shares of SailPoint during the 1st quarter worth $46,875,000. Finally, Assetmark Inc. bought a new stake in shares of SailPoint during the 1st quarter worth $32,000.

SailPoint Price Performance

SailPoint stock traded up $0.92 during trading hours on Friday, hitting $21.98. The stock had a trading volume of 3,977,584 shares, compared to its average volume of 2,106,432. SailPoint, Inc. has a one year low of $15.05 and a one year high of $26.35. The business's 50 day simple moving average is $20.70 and its 200-day simple moving average is $20.11.

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

Wall Street Analysts Forecast Growth

SAIL has been the subject of several recent analyst reports. Mizuho upped their price objective on SailPoint from $24.00 to $26.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 11th. Cantor Fitzgerald initiated coverage on SailPoint in a research report on Monday, June 30th. They set an "overweight" rating and a $29.00 price objective for the company. Scotiabank initiated coverage on SailPoint in a research report on Wednesday. They set a "sector outperform" rating and a $25.00 price objective for the company. Morgan Stanley upgraded SailPoint from an "equal weight" rating to an "overweight" rating and set a $25.00 price objective for the company in a research report on Tuesday. Finally, The Goldman Sachs Group restated a "neutral" rating on shares of SailPoint in a research report on Wednesday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $25.48.

About SailPoint

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.