Woodline Partners LP Acquires Shares of 428,371 SailPoint, Inc. $SAIL

Key Points

• Woodline Partners LP has acquired a new stake in SailPoint, Inc., purchasing 428,371 shares valued at approximately $8 million, representing about 0.08% of the company at the end of the reporting period.
• SailPoint's stock has risen by 5.2%, with a current share price of $20.84, and a strong earnings report shows revenue growth of 32.9% year-over-year.
• Analysts have varied opinions on SailPoint, with recommendations ranging from "strong buy" to "strong sell," and a consensus rating of "Moderate Buy" with an average price target of $25.48.

Woodline Partners LP acquired a new stake in shares of SailPoint, Inc. (NASDAQ:SAIL - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 428,371 shares of the company's stock, valued at approximately $8,032,000. Woodline Partners LP owned about 0.08% of SailPoint at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. purchased a new stake in SailPoint in the first quarter valued at $94,194,000. Alliancebernstein L.P. acquired a new stake in SailPoint during the 1st quarter worth about $55,644,000. T. Rowe Price Investment Management Inc. acquired a new stake in SailPoint during the 1st quarter worth about $46,875,000. Ameriprise Financial Inc. acquired a new stake in SailPoint during the 1st quarter worth about $42,585,000. Finally, Stephens Investment Management Group LLC acquired a new stake in SailPoint during the 1st quarter worth about $23,213,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. BTIG Research reaffirmed a "buy" rating and set a $29.00 price target on shares of SailPoint in a research report on Tuesday, September 9th. BMO Capital Markets cut their price target on SailPoint from $27.00 to $25.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 9th. Barclays increased their price target on SailPoint from $23.00 to $25.00 and gave the stock an "overweight" rating in a research report on Thursday, June 12th. Scotiabank initiated coverage on SailPoint in a research report on Wednesday, September 3rd. They set a "sector outperform" rating and a $25.00 price target on the stock. Finally, Arete Research raised shares of SailPoint to a "strong sell" rating and set a $16.00 target price on the stock in a research note on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $25.48.

SailPoint Stock Up 0.4%

SAIL stock traded up $0.09 during mid-day trading on Wednesday, reaching $21.70. The company's stock had a trading volume of 261,992 shares, compared to its average volume of 2,194,176. SailPoint, Inc. has a fifty-two week low of $15.05 and a fifty-two week high of $26.35. The company's 50 day moving average is $20.59 and its two-hundred day moving average is $19.90.

SailPoint (NASDAQ:SAIL - Get Free Report) last released its quarterly earnings data on Tuesday, September 9th. The company reported $0.07 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.03. The business had revenue of $264.36 million during the quarter, compared to analyst estimates of $243.41 million. The company's revenue for the quarter 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.

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.