Vanguard Group Inc. Invests $94.19 Million in SailPoint, Inc. $SAIL

Key Points

• Vanguard Group Inc. has acquired 5,023,660 shares of SailPoint, Inc., representing approximately $94 million, making up about 0.90% of the company as of the last quarter.
• Several institutional investors, including PNC Financial Services and Alberta Investment Management Corp, have also increased their stakes in SailPoint during the first quarter.
• Despite a recent earnings beat, analysts have mixed views on SailPoint, with a consensus rating of "Moderate Buy" and an average target price of $25.50.

Vanguard Group Inc. purchased a new stake in SailPoint, Inc. (NASDAQ:SAIL - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,023,660 shares of the company's stock, valued at approximately $94,194,000. Vanguard Group Inc. owned 0.90% of SailPoint at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Assetmark Inc. acquired a new stake in shares of SailPoint in the 1st quarter valued at $32,000. Picton Mahoney Asset Management bought a new position in SailPoint during the 1st quarter valued at about $87,000. PNC Financial Services Group Inc. acquired a new position in SailPoint in the first quarter valued at about $150,000. US Bancorp DE bought a new stake in SailPoint during the first quarter worth about $213,000. Finally, Natixis Advisors LLC bought a new stake in SailPoint during the first quarter worth about $835,000.

SailPoint Trading Down 0.8%

Shares of NASDAQ SAIL traded down $0.16 during mid-day trading on Monday, hitting $20.34. The company's stock had a trading volume of 2,252,427 shares, compared to its average volume of 2,865,848. SailPoint, Inc. has a one year low of $15.05 and a one year high of $26.35. The company has a fifty day simple moving average of $21.13.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on SAIL shares. Barclays lifted their target price on shares of SailPoint from $23.00 to $25.00 and gave the company an "overweight" rating in a research note on Thursday, June 12th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $29.00 price objective (up previously from $27.00) on shares of SailPoint in a research report on Thursday, June 12th. Mizuho boosted their price objective on SailPoint from $24.00 to $26.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 11th. Arete Research upgraded SailPoint to a "strong sell" rating and set a $16.00 target price on the stock in a report on Monday, July 7th. Finally, BMO Capital Markets raised their target price on SailPoint from $26.00 to $27.00 and gave the company an "outperform" rating in a research note on Thursday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $25.50.

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.