Vident Advisory LLC Buys New Stake in SailPoint, Inc. $SAIL

Key Points

• Vident Advisory LLC has acquired 33,232 shares of SailPoint, Inc. valued at approximately $623,000, reflecting growing interest from institutional investors in the company.
• Several analysts have upgraded their ratings for SailPoint, with Wells Fargo raising its target price from $16.00 to $20.00, while Scotiabank set a higher target of $25.00.
• SailPoint reported a revenue of $230.47 million for its recent quarter, exceeding analyst expectations and marking a 22.8% year-over-year increase.

Vident Advisory LLC bought a new stake in SailPoint, Inc. (NASDAQ:SAIL - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 33,232 shares of the company's stock, valued at approximately $623,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Siren L.L.C. purchased a new position in shares of SailPoint in the 1st quarter valued at approximately $1,781,000. Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of SailPoint in the 1st quarter valued at approximately $3,105,000. Comerica Bank purchased a new position in shares of SailPoint in the 1st quarter valued at approximately $175,000. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of SailPoint in the 1st quarter valued at approximately $49,000. Finally, Walleye Capital LLC purchased a new position in shares of SailPoint in the 1st quarter valued at approximately $1,072,000.

SailPoint Price Performance

Shares of NASDAQ:SAIL traded up $0.41 during trading on Monday, hitting $22.39. 5,062,661 shares of the stock were exchanged, compared to its average volume of 2,198,711. The company has a fifty day moving average price of $20.70 and a two-hundred day moving average price of $20.02. SailPoint, Inc. has a 12-month low of $15.05 and a 12-month high of $26.35.

SailPoint (NASDAQ:SAIL - Get Free Report) last announced its quarterly 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 firm had revenue of $230.47 million for the quarter, compared to analysts' expectations of $225.18 million. SailPoint's revenue for the quarter was up 22.8% on a year-over-year basis. SailPoint has set its FY 2026 guidance at 0.160-0.200 EPS. Q2 2026 guidance at 0.040-0.050 EPS.

Analyst Ratings Changes

Several brokerages have weighed in on SAIL. JPMorgan Chase & Co. upgraded SailPoint from a "neutral" rating to an "overweight" rating and set a $26.00 target price on the stock in a research note on Wednesday, August 13th. Arete initiated coverage on SailPoint in a research note on Monday, July 7th. They set a "sell" rating and a $16.00 target price for the company. Morgan Stanley raised SailPoint from an "equal weight" rating to an "overweight" rating and set a $25.00 target price for the company in a research note on Tuesday, September 2nd. Scotiabank initiated coverage on SailPoint in a research note on Wednesday, September 3rd. They set a "sector outperform" rating and a $25.00 target price for the company. Finally, Mizuho increased their target price on SailPoint from $24.00 to $26.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 11th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price 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.