2,859,503 Shares in SailPoint, Inc. $SAIL Bought by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC has acquired 2,859,503 shares of SailPoint, Inc., valued at approximately $53.6 million, representing a 0.51% ownership stake by the end of the last quarter.
• SailPoint reported a quarterly earnings per share (EPS) of $0.07, exceeding analysts' estimates and generating revenue of $264.36 million, which is a 32.9% increase compared to the previous year.
• Wall Street analysts have given SailPoint a consensus rating of "Moderate Buy" with a price target averaging $25.48, indicating positive growth expectations for the company.

Voya Investment Management LLC acquired a new stake in SailPoint, Inc. (NASDAQ:SAIL - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,859,503 shares of the company's stock, valued at approximately $53,616,000. Voya Investment Management LLC owned about 0.51% of SailPoint as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SAIL. Vanguard Group Inc. purchased a new stake in SailPoint in the 1st quarter valued at about $94,194,000. Alliancebernstein L.P. purchased a new stake in shares of SailPoint during the 1st quarter worth approximately $55,644,000. T. Rowe Price Investment Management Inc. purchased a new stake in shares of SailPoint during the 1st quarter worth approximately $46,875,000. Ameriprise Financial Inc. purchased a new stake in shares of SailPoint during the 1st quarter worth approximately $42,585,000. Finally, Stephens Investment Management Group LLC purchased a new stake in shares of SailPoint during the 1st quarter worth approximately $23,213,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SAIL shares. Cantor Fitzgerald started coverage on shares of SailPoint in a research note on Monday, June 30th. They set an "overweight" rating and a $29.00 price target for the company. Morgan Stanley upgraded shares of SailPoint from an "equal weight" rating to an "overweight" rating and set a $25.00 price target for the company in a research note on Tuesday, September 2nd. BMO Capital Markets decreased their price target on shares of SailPoint from $27.00 to $25.00 and set an "outperform" rating for the company in a research note on Tuesday, September 9th. BTIG Research reiterated a "buy" rating and issued a $29.00 price objective on shares of SailPoint in a research note on Tuesday, September 9th. Finally, Barclays lifted their price objective 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. One equities research 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 issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $25.48.

SailPoint Stock Up 3.4%

Shares of SAIL traded up $0.71 during mid-day trading on Thursday, reaching $21.82. 490,796 shares of the stock traded hands, compared to its average volume of 2,189,446. The firm has a fifty day moving average price of $20.57 and a 200 day moving average price of $19.88. 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 released its quarterly earnings results on Tuesday, September 9th. The company reported $0.07 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.03. The firm had revenue of $264.36 million for the quarter, compared to analysts' expectations of $243.41 million. The business's quarterly revenue was up 32.9% on a year-over-year basis. SailPoint has set its FY 2026 guidance at 0.200-0.220 EPS. Q3 2026 guidance at 0.050-0.06 EPS.

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.