Walleye Capital LLC acquired a new stake in SailPoint, Inc. (NASDAQ:SAIL - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 57,192 shares of the company's stock, valued at approximately $1,072,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. acquired a new position in shares of SailPoint during the 1st quarter worth about $32,000. Picton Mahoney Asset Management acquired a new position in SailPoint during the first quarter worth approximately $87,000. PNC Financial Services Group Inc. bought a new stake in SailPoint in the first quarter valued at approximately $150,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of SailPoint in the first quarter valued at approximately $212,000. Finally, US Bancorp DE bought a new position in shares of SailPoint during the 1st quarter worth approximately $213,000.
Wall Street Analysts Forecast Growth
SAIL has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upgraded SailPoint from a "neutral" rating to an "overweight" rating and set a $26.00 price target on the stock in a research note on Wednesday, August 13th. Cantor Fitzgerald assumed coverage on shares of SailPoint in a research note on Monday, June 30th. They set an "overweight" rating and a $29.00 target price for the company. Arete Research upgraded shares of SailPoint to a "strong sell" rating and set a $16.00 price target on the stock in a research note on Monday, July 7th. BMO Capital Markets increased their price target on shares of SailPoint from $26.00 to $27.00 and gave the company an "outperform" rating in a report on Thursday, June 12th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $29.00 price objective (up from $27.00) on shares of SailPoint in a research report on Thursday, June 12th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $25.48.
Get Our Latest Stock Analysis on SailPoint
SailPoint Stock Performance
NASDAQ:SAIL traded up $0.04 during mid-day trading on Thursday, reaching $21.07. The stock had a trading volume of 1,273,386 shares, compared to its average volume of 2,078,316. The stock has a 50-day simple moving average of $20.77 and a two-hundred day simple moving average of $20.10. 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 released 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 firm'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.
SailPoint Company Profile
(
Free Report)
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.
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