Sailpoint (NYSE:SAIL) Given New $26.00 Price Target at Mizuho

Sailpoint (NYSE:SAIL - Free Report) had its target price upped by Mizuho from $24.00 to $26.00 in a report released on Wednesday,Benzinga reports. The firm currently has a neutral rating on the stock.

Other research analysts have also issued reports about the stock. Piper Sandler began coverage on shares of Sailpoint in a research note on Monday, March 10th. They set an "overweight" rating and a $30.00 target price for the company. Royal Bank of Canada assumed coverage on Sailpoint in a research report on Monday, March 10th. They set an "outperform" rating and a $27.00 price objective for the company. BMO Capital Markets started coverage on Sailpoint in a research report on Monday, March 10th. They issued an "outperform" rating and a $26.00 target price on the stock. Wells Fargo & Company began coverage on Sailpoint in a research report on Monday, April 14th. They set an "equal weight" rating and a $16.00 price target for the company. Finally, Jefferies Financial Group decreased their price target on Sailpoint from $26.00 to $24.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Sailpoint presently has a consensus rating of "Moderate Buy" and a consensus price target of $26.50.

Sailpoint Stock Up 3.4%

SAIL stock traded up $0.77 during midday trading on Wednesday, reaching $23.30. The company had a trading volume of 3,181,015 shares, compared to its average volume of 2,000,391. The stock's 50 day moving average price is $17.77. 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 released its quarterly earnings data on Wednesday, March 26th. The company reported ($4.29) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($4.28). The company had revenue of $240.10 million during the quarter, compared to analyst estimates of $229.69 million.

Institutional Trading of Sailpoint

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Assetmark Inc. bought a new position in shares of Sailpoint in the 1st quarter valued at about $32,000. Kayne Anderson Rudnick Investment Management LLC bought a new position in Sailpoint during the first quarter worth about $49,000. Quarry LP bought a new position in Sailpoint during the first quarter worth about $70,000. Picton Mahoney Asset Management acquired a new position in Sailpoint during the first quarter worth approximately $87,000. Finally, PNC Financial Services Group Inc. bought a new stake in Sailpoint in the first quarter valued at approximately $150,000.

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.