Sailpoint (NYSE:SAIL) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Sailpoint (NYSE:SAIL - Free Report) had its price target lifted by JPMorgan Chase & Co. from $25.00 to $26.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a neutral rating on the stock.

SAIL has been the topic of several other reports. The Goldman Sachs Group initiated coverage on shares of Sailpoint in a research report on Monday, March 10th. They set a "neutral" rating and a $23.00 target price on the stock. Bank of America initiated coverage on shares of Sailpoint in a research report on Monday, March 10th. They issued a "buy" rating and a $27.50 price target on the stock. Evercore ISI initiated coverage on shares of Sailpoint in a research report on Monday, March 10th. They issued an "outperform" rating and a $29.00 price target on the stock. Truist Financial initiated coverage on shares of Sailpoint in a research report on Monday, March 10th. They issued a "buy" rating and a $29.00 price target on the stock. Finally, BTIG Research initiated coverage on shares of Sailpoint in a research report on Monday, March 10th. They issued a "buy" rating and a $27.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $26.50.

Sailpoint Trading Up 3.4%

SAIL traded up $0.77 on Thursday, hitting $23.30. 3,181,015 shares of the company were exchanged, compared to its average volume of 2,000,391. The business has a fifty day moving average price of $17.91. Sailpoint has a fifty-two week low of $15.05 and a fifty-two week high of $26.35.

Sailpoint (NYSE:SAIL - Get Free Report) last issued its earnings results on Wednesday, March 26th. The company reported ($4.29) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($4.28). The business had revenue of $240.10 million for the quarter, compared to the consensus estimate of $229.69 million.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Siren L.L.C. bought a new position in shares of Sailpoint during the 1st quarter worth about $1,781,000. Woodline Partners LP bought a new position in shares of Sailpoint during the 1st quarter worth about $8,032,000. Zimmer Partners LP bought a new position in shares of Sailpoint during the 1st quarter worth about $1,969,000. Goldman Sachs Group Inc. bought a new position in shares of Sailpoint during the 1st quarter worth about $7,546,000. Finally, Infinitum Asset Management LLC bought a new position in shares of Sailpoint during the 1st quarter worth about $1,875,000.

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.